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REGISTERED NUMBER: 01938029 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

PADDOCKHALL INVESTMENTS LIMITED

PADDOCKHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 01938029)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PADDOCKHALL INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: J A E Read
Mrs C H Read





SECRETARY: Mrs C H Read





REGISTERED OFFICE: Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ





REGISTERED NUMBER: 01938029 (England and Wales)





ACCOUNTANTS: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ

PADDOCKHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 01938029)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 6,941 7,100
Investments 6 8,568 8,568
15,510 15,669

CURRENT ASSETS
Debtors 7 1,241 11,185
Investments 8 2,344 2,344
Cash at bank 46,652 35,184
50,237 48,713
CREDITORS
Amounts falling due within one year 9 6,736 9,792
NET CURRENT ASSETS 43,501 38,921
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,011

54,590

PROVISIONS FOR LIABILITIES 1,319 1,880
NET ASSETS 57,692 52,710

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 10 3,423 3,423
Capital redemption reserve 25,000 25,000
Retained earnings 28,269 23,287
SHAREHOLDERS' FUNDS 57,692 52,710

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.

PADDOCKHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 01938029)

BALANCE SHEET - continued
31ST MARCH 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 14th November 2023 and were signed on its behalf by:





J A E Read - Director


PADDOCKHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 01938029)

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

1. STATUTORY INFORMATION

Paddockhall 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.

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.

Significant judgements and estimates
No significant judgements have had to be made by the directors in preparing these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Development costs
The golfing products development costs are being amortised over 4 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

PADDOCKHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 01938029)

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

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1st April 2022
and 31st March 2023 96,926
AMORTISATION
At 1st April 2022
and 31st March 2023 96,925
NET BOOK VALUE
At 31st March 2023 1
At 31st March 2022 1

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2022 13,714 2,112 15,826
Additions - 1,239 1,239
At 31st March 2023 13,714 3,351 17,065
DEPRECIATION
At 1st April 2022 6,857 1,869 8,726
Charge for year 1,028 370 1,398
At 31st March 2023 7,885 2,239 10,124
NET BOOK VALUE
At 31st March 2023 5,829 1,112 6,941
At 31st March 2022 6,857 243 7,100

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st April 2022
and 31st March 2023 8,568
NET BOOK VALUE
At 31st March 2023 8,568
At 31st March 2022 8,568

PADDOCKHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 01938029)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,241 11,185

8. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 2,344 2,344

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,089 8,383
Other creditors 4,647 1,409
6,736 9,792

10. RESERVES
Revaluation
reserve
£   
At 1st April 2022
and 31st March 2023 3,423