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REGISTERED NUMBER: 06079058 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Passeport Limited

Passeport Limited (Registered number: 06079058)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Passeport Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: A Conti
N Conti





REGISTERED OFFICE: 13 Tamworth Street
Lichfield
WS13 6JP





REGISTERED NUMBER: 06079058 (England and Wales)





ACCOUNTANTS: Paul Summers & Co
28A Church Lane
Marple
Stockport
Cheshire
SK6 6DE

Passeport Limited (Registered number: 06079058)

Balance Sheet
28 February 2023

28/2/23 28/2/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,708,070 1,161,856

CURRENT ASSETS
Debtors 5 72,001 6,953
Cash at bank 58,215 67,764
130,216 74,717
CREDITORS
Amounts falling due within one year 6 (690,546 ) (124,382 )
NET CURRENT LIABILITIES (560,330 ) (49,665 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,147,740

1,112,191

CREDITORS
Amounts falling due after more than one
year

7

(363,198

)

(380,050

)
NET ASSETS 784,542 732,141

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 784,540 732,139
SHAREHOLDERS' FUNDS 784,542 732,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Passeport Limited (Registered number: 06079058)

Balance Sheet - continued
28 February 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 25 August 2023 and were signed on its behalf by:





N Conti - Director


Passeport Limited (Registered number: 06079058)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Passeport 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.

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

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 - 20% on reducing balance
Computer equipment - 20% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2022 - 3 ) .

Passeport Limited (Registered number: 06079058)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 March 2022 1,148,116 36,251 18,501 1,202,868
Additions 548,963 - - 548,963
At 28 February 2023 1,697,079 36,251 18,501 1,751,831
DEPRECIATION
At 1 March 2022 - 25,838 15,174 41,012
Charge for year - 2,083 666 2,749
At 28 February 2023 - 27,921 15,840 43,761
NET BOOK VALUE
At 28 February 2023 1,697,079 8,330 2,661 1,708,070
At 28 February 2022 1,148,116 10,413 3,327 1,161,856

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Other debtors 72,001 6,953

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans and overdrafts 18,886 18,673
Taxation and social security 13,985 5,671
Other creditors 657,675 100,038
690,546 124,382

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/23 28/2/22
£    £   
Bank loans 363,198 380,050

8. SECURED DEBTS

The following secured debts are included within creditors:

28/2/23 28/2/22
£    £   
Bank loans 382,084 398,723

The bank loan is secured by a legal mortgage over the freehold property, and by a fixed and floating
charge over all assets.