PALLADIAN (PENFOLD) LIMITED

Company Registration Number:
09812162 (England and Wales)

Unaudited statutory accounts for the year ended 30 October 2021

Period of accounts

Start date: 31 October 2020

End date: 30 October 2021

PALLADIAN (PENFOLD) LIMITED

Contents of the Financial Statements

for the Period Ended 30 October 2021

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

PALLADIAN (PENFOLD) LIMITED

Directors' report period ended 30 October 2021

The directors present their report with the financial statements of the company for the period ended 30 October 2021

Directors

The directors shown below have held office during the whole of the period from
31 October 2020 to 30 October 2021

Dara Khera
Chetan Khera


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 October 2023

And signed on behalf of the board by:
Name: Dara Khera
Status: Director

PALLADIAN (PENFOLD) LIMITED

Profit And Loss Account

for the Period Ended 30 October 2021

2021 2020


£

£
Turnover: 1,355,000 259,853
Cost of sales: ( 1,647,600 ) ( 888 )
Gross profit(or loss): (292,600) 258,965
Administrative expenses: ( 8,640 ) 11,570
Operating profit(or loss): (301,240) 270,535
Interest payable and similar charges: ( 46 )
Profit(or loss) before tax: (301,286) 270,535
Profit(or loss) for the financial year: (301,286) 270,535

PALLADIAN (PENFOLD) LIMITED

Balance sheet

As at 30 October 2021

Notes 2021 2020


£

£
Called up share capital not paid: 2 2
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks: 3 0 1,608,000
Debtors: 4 50,237 44,893
Cash at bank and in hand: 912,395 10,425
Investments:   0 0
Total current assets: 962,632 1,663,318
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 2,310,356 ) ( 2,709,756 )
Net current assets (liabilities): (1,347,724) (1,046,438)
Total assets less current liabilities: (1,347,722) ( 1,046,436)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (1,347,722) (1,046,436)
Capital and reserves
Called up share capital: 2 2
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: (1,347,724 ) (1,046,438 )
Total Shareholders' funds: ( 1,347,722 ) (1,046,436)

The notes form part of these financial statements

PALLADIAN (PENFOLD) LIMITED

Balance sheet statements

For the year ending 30 October 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 October 2023
and signed on behalf of the board by:

Name: Dara Khera
Status: Director

The notes form part of these financial statements

PALLADIAN (PENFOLD) LIMITED

Notes to the Financial Statements

for the Period Ended 30 October 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PALLADIAN (PENFOLD) LIMITED

Notes to the Financial Statements

for the Period Ended 30 October 2021

  • 2. Employees

    2021 2020
    Average number of employees during the period 2 2

PALLADIAN (PENFOLD) LIMITED

Notes to the Financial Statements

for the Period Ended 30 October 2021

3. Stocks

2021 2020
£ £
Stocks 0 1,608,000
Payments on account 0 0
Total 0 1,608,000

PALLADIAN (PENFOLD) LIMITED

Notes to the Financial Statements

for the Period Ended 30 October 2021

4. Debtors

2021 2020
£ £
Trade debtors 0 4,020
Prepayments and accrued income 0 0
Other debtors 50,237 40,873
Total 50,237 44,893
Debtors due after more than one year: 0 0

PALLADIAN (PENFOLD) LIMITED

Notes to the Financial Statements

for the Period Ended 30 October 2021

5. Creditors: amounts falling due within one year note

2021 2020
£ £
Bank loans and overdrafts 0 319,977
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 78 303
Taxation and social security 0 0
Accruals and deferred income 10,500 43,049
Other creditors 2,299,778 2,346,427
Total 2,310,356 2,709,756