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REGISTERED NUMBER: 01846806 (England and Wales)













Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Pastor Limited

Pastor Limited (Registered number: 01846806)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pastor Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: D S Bhail
M S Bhail





SECRETARY: D S Bhail





REGISTERED OFFICE: 17 Almorah Road
Heston
Middlesex
TW5 9AD





REGISTERED NUMBER: 01846806 (England and Wales)





ACCOUNTANTS: Elliotts Shah
Chartered Accountants
4th Floor
167 Fleet Street
London
EC4A 2EA

Pastor Limited (Registered number: 01846806)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 127 150
Investment property 5 1,019,446 1,019,446
1,019,573 1,019,596

CURRENT ASSETS
Debtors 6 85,217 78,217
Cash at bank 62,097 57,373
147,314 135,590
CREDITORS
Amounts falling due within one year 7 98,357 84,038
NET CURRENT ASSETS 48,957 51,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,068,530

1,071,148

PROVISIONS FOR LIABILITIES 95,000 73,000
NET ASSETS 973,530 998,148

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 973,528 998,146
SHAREHOLDERS' FUNDS 973,530 998,148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Pastor Limited (Registered number: 01846806)

Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:





D S Bhail - Director


Pastor Limited (Registered number: 01846806)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Pastor Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern
After considering the company's prospects, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover
Turnover represents rents and other income receivable from the company's investment property, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance and Straight line over 3 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Pastor Limited (Registered number: 01846806)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 17,411
DEPRECIATION
At 1 March 2022 17,261
Charge for year 23
At 28 February 2023 17,284
NET BOOK VALUE
At 28 February 2023 127
At 28 February 2022 150

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 1,019,446
NET BOOK VALUE
At 28 February 2023 1,019,446
At 28 February 2022 1,019,446

The investment property has been stated at directors' valuation. The historical cost of the investment property is £324,984 (2022: £324,984).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 85,217 78,217

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 6,898 8,701
Other creditors 91,459 75,337
98,357 84,038

Pastor Limited (Registered number: 01846806)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors' current accounts balances in creditors are due to:

20232022
£   £   
D S Bhail38,84622,820
M S Bhail597597


Dividends paid to directors during the year amounted to £32,000 (2022: £45,312).

9. RELATED PARTY DISCLOSURES

The turnover for the year of £52,000 (2022: £52,000) comprises wholly of rent receivable from Versatility Group Limited. Versatility Group Limited is under the control of the director, D S Bhail, by virtue of his beneficial interest in that company.

10. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors, D S Bhail and M S Bhail, who are beneficially interested in 50% each of the issued share capital.