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REGISTERED NUMBER: 01953754 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

PATHWISE LIMITED

PATHWISE LIMITED (REGISTERED NUMBER: 01953754)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PATHWISE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Mr M Voralia
Mrs A M Voralia
Mr J M Voralia





SECRETARY: Mrs A M Voralia





REGISTERED OFFICE: 4 Kenton Gardens
Kenton
Middlesex
HA3 8DE





REGISTERED NUMBER: 01953754 (England and Wales)






PATHWISE LIMITED (REGISTERED NUMBER: 01953754)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 450,000 450,000

CURRENT ASSETS
Cash at bank 650,798 706,526

CREDITORS
Amounts falling due within one year 5 2,770 5,776
NET CURRENT ASSETS 648,028 700,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,098,028

1,150,750

PROVISIONS FOR LIABILITIES 10,856 10,856
NET ASSETS 1,087,172 1,139,894

CAPITAL AND RESERVES
Called up share capital 6 5,000 5,000
Fair value reserve 141,296 141,296
Retained earnings 940,876 993,598
SHAREHOLDERS' FUNDS 1,087,172 1,139,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

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 17th October 2023 and were signed on its behalf by:





Mr M Voralia - Director


PATHWISE LIMITED (REGISTERED NUMBER: 01953754)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Pathwise Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 01953754 and registered office address is 4 Kenton Gardens, Kenton, Middlesex, HA3 8DE.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022
and 31st March 2023 450,000
NET BOOK VALUE
At 31st March 2023 450,000
At 31st March 2022 450,000

Investment property is carried at fair value as estimated by the directors at the year end.

PATHWISE LIMITED (REGISTERED NUMBER: 01953754)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


4. INVESTMENT PROPERTY - continued

Fair value at 31st March 2023 is represented by:
£   
Valuation in 2010 (37,848 )
Valuation in 2011 (10,000 )
Valuation in 2013 45,000
Valuation in 2014 57,936
Valuation in 2015 50,000
Valuation in 2016 25,000
Valuation in 2017 10,000
Valuation in 2020 75,000
Valuation in 2021 15,000
Valuation in 2022 (77,936 )
Cost 297,848
450,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 770 4,576
Other creditors 2,000 1,200
2,770 5,776

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5,000 Ordinary £1 5,000 5,000

7. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous periods by its directors, Mr M.D. Voralia and Mrs A.M. Voralia by virtue of the fact that between them, they own all of the company's ordinary share capital.