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REGISTERED NUMBER: 01240291 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

PAUL & GARY INVESTMENTS LIMITED

PAUL & GARY INVESTMENTS LIMITED (REGISTERED NUMBER: 01240291)






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


PAUL & GARY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: I K Knowles
Mrs Y R Knowles
P G W Knowles
G E Knowles





SECRETARY: Mrs E N Knowles





REGISTERED OFFICE: 2 The Links
HERNE BAY
Kent
CT6 7GQ





BUSINESS ADDRESS: Elizabeth House
Oaklands Farm
Inchbrook , Stroud
Gloucestershire
GL5 5HA





REGISTERED NUMBER: 01240291 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ

PAUL & GARY INVESTMENTS LIMITED (REGISTERED NUMBER: 01240291)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 653 -
Investments 6 503,324 499,620
Investment property 7 600,000 618,000
1,103,977 1,117,620

CURRENT ASSETS
Debtors 8 6,322 1,125
Cash at bank 487,359 601,344
493,681 602,469
CREDITORS
Amounts falling due within one year 9 10,289 23,883
NET CURRENT ASSETS 483,392 578,586
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,587,369

1,696,206

PROVISIONS FOR LIABILITIES 44,071 56,510
NET ASSETS 1,543,298 1,639,696

CAPITAL AND RESERVES
Called up share capital 10 1,300 1,300
Fair value reserve 11 256,274 309,303
Retained earnings 1,285,724 1,329,093
SHAREHOLDERS' FUNDS 1,543,298 1,639,696

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 30th October 2023 and were signed on its behalf by:





P G W Knowles - Director


PAUL & GARY INVESTMENTS LIMITED (REGISTERED NUMBER: 01240291)

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

1. STATUTORY INFORMATION

Paul & Gary Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income due and investment income paid, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on a straight line basis

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

PAUL & GARY INVESTMENTS LIMITED (REGISTERED NUMBER: 01240291)

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

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 979
At 31st March 2023 979
DEPRECIATION
Charge for year 326
At 31st March 2023 326
NET BOOK VALUE
At 31st March 2023 653

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st April 2022 499,620
Additions 215,897
Disposals (199,314 )
Revaluations (12,879 )
At 31st March 2023 503,324
NET BOOK VALUE
At 31st March 2023 503,324
At 31st March 2022 499,620

Cost or valuation at 31st March 2023 is represented by:

Other
investments
£   
Valuation in 2023 503,324

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022 618,000
Revaluations (18,000 )
At 31st March 2023 600,000
NET BOOK VALUE
At 31st March 2023 600,000
At 31st March 2022 618,000

Fair value at 31st March 2023 is represented by:
£   
Valuation in 2023 600,000

The valuation has been conducted by the director of the company using extensive knowledge of the property markets, recent discussions with property agents and guidance of online property valuation sites. It is believed this is a fair representation of the market value at the balance sheet date.

PAUL & GARY INVESTMENTS LIMITED (REGISTERED NUMBER: 01240291)

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

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 6,322 1,125

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 378 100
Taxation and social security 1 19,646
Other creditors 9,910 4,137
10,289 23,883

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000
100 Ordinary 'A' £1 100 100
100 Ordinary 'B' £1 100 100
100 Ordinary 'C' £1 100 100
1,300 1,300

11. RESERVES
Fair
value
reserve
£   
At 1st April 2022 309,303
Revaluation adjustment (53,029 )

At 31st March 2023 256,274