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REGISTERED NUMBER: 06018590 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Paul King Limited

Paul King Limited (Registered number: 06018590)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Paul King Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: P King FCCA





SECRETARY: G King





REGISTERED OFFICE: 2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY





REGISTERED NUMBER: 06018590 (England and Wales)





ACCOUNTANTS: Morley & Co (UK) Ltd
Chartered Certified Accountants,
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY

Paul King Limited (Registered number: 06018590)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 673,518 673,518
Investments 6 291,194 291,094
964,712 964,612

CURRENT ASSETS
Debtors 7 480 480
Cash at bank 59,160 15,360
59,640 15,840
CREDITORS
Amounts falling due within one year 8 10,212 2,544
NET CURRENT ASSETS 49,428 13,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,014,140

977,908

CREDITORS
Amounts falling due after more than one
year

9

682,271

567,506
NET ASSETS 331,869 410,402

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 331,769 410,302
SHAREHOLDERS' FUNDS 331,869 410,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Paul King Limited (Registered number: 06018590)

Balance Sheet - continued
30 April 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 director and authorised for issue on 23 October 2023 and were signed by:





P King FCCA - Director


Paul King Limited (Registered number: 06018590)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Paul King 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.

Preparation of consolidated financial statements
The financial statements contain information about Paul King Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents the value of goods and services supplied to customers during the period.

Intellectual property
Intellectual Property is amortised evenly over its estimated, useful economic life of 20 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.


Paul King Limited (Registered number: 06018590)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued
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 NIL (2022 - 2 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 200,000
AMORTISATION
At 1 May 2022
and 30 April 2023 200,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

Paul King Limited (Registered number: 06018590)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 673,518 17,988 691,506
DEPRECIATION
At 1 May 2022
and 30 April 2023 - 17,988 17,988
NET BOOK VALUE
At 30 April 2023 673,518 - 673,518
At 30 April 2022 673,518 - 673,518

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2022 291,094
Additions 100
At 30 April 2023 291,194
NET BOOK VALUE
At 30 April 2023 291,194
At 30 April 2022 291,094

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 480 480

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1
Taxation and social security 10,212 2,543
10,212 2,544

Paul King Limited (Registered number: 06018590)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 130,946 148,620
Other creditors 551,325 418,886
682,271 567,506

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 130,946 148,620

10. ULTIMATE CONTROLLING PARTY

The controlling party is P King FCCA.