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REGISTERED NUMBER: 04389674 (England and Wales)















PADFOOT DEVELOPMENTS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023






PADFOOT DEVELOPMENTS LTD (REGISTERED NUMBER: 04389674)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

PADFOOT DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: A D Walker





SECRETARY:





REGISTERED OFFICE: South Trew Stables
Highampton
BEAWORTHY
Devon
EX21 5JG





REGISTERED NUMBER: 04389674 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

PADFOOT DEVELOPMENTS LTD (REGISTERED NUMBER: 04389674)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 285,048 285,392

CURRENT ASSETS
Cash at bank and in hand 2,556 7,275

CREDITORS
Amounts falling due within one year 5 9,649 13,947
NET CURRENT LIABILITIES (7,093 ) (6,672 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,955

278,720

CREDITORS
Amounts falling due after more than one year 6 101,823 109,946
NET ASSETS 176,132 168,774

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings 176,122 168,764
SHAREHOLDERS' FUNDS 176,132 168,774

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PADFOOT DEVELOPMENTS LTD (REGISTERED NUMBER: 04389674)

STATEMENT OF FINANCIAL POSITION - continued
31 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 director and authorised for issue on 31 August 2023 and were signed by:





A D Walker - Director


PADFOOT DEVELOPMENTS LTD (REGISTERED NUMBER: 04389674)

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

1. STATUTORY INFORMATION

Padfoot Developments Ltd 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
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Machinery - 20% on cost
Fixtures and Fittings - 20% on cost
Motor Vehicles - 25% on cost
Computer Equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

PADFOOT DEVELOPMENTS LTD (REGISTERED NUMBER: 04389674)

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

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
Freehold to Plant and
property property Machinery
£    £    £   
COST
At 1 April 2022 274,727 4,500 13,609
Additions - - 1,294
At 31 March 2023 274,727 4,500 14,903
DEPRECIATION
At 1 April 2022 - - 11,454
Charge for year - - 1,481
At 31 March 2023 - - 12,935
NET BOOK VALUE
At 31 March 2023 274,727 4,500 1,968
At 31 March 2022 274,727 4,500 2,155

Fixtures
and Motor Computer
Fittings Vehicles Equipment Totals
£    £    £    £   
COST
At 1 April 2022 8,105 8,179 9,697 318,817
Additions - - 1,234 2,528
At 31 March 2023 8,105 8,179 10,931 321,345
DEPRECIATION
At 1 April 2022 4,264 8,175 9,532 33,425
Charge for year 1,171 - 220 2,872
At 31 March 2023 5,435 8,175 9,752 36,297
NET BOOK VALUE
At 31 March 2023 2,670 4 1,179 285,048
At 31 March 2022 3,841 4 165 285,392

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,459 2,549
Other creditors 7,190 11,398
9,649 13,947

PADFOOT DEVELOPMENTS LTD (REGISTERED NUMBER: 04389674)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 101,823 109,946

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10

PADFOOT DEVELOPMENTS LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
PADFOOT DEVELOPMENTS LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on pages three to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


31 August 2023