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Company Registration No. 08901988 (England and Wales)
PAEONIAE LIMITED Unaudited accounts for the year ended 28 February 2023
PAEONIAE LIMITED Unaudited accounts Contents
Page
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PAEONIAE LIMITED Company Information for the year ended 28 February 2023
Director
Victoria Chan
Company Number
08901988 (England and Wales)
Registered Office
70 CHESTERTON AVENUE HARPENDEN AL5 5SU ENGLAND
Accountants
Mayflower Accountancy & Tax Limited 10 Alma Farm Road Toddington Dunstable Bedfordshire LU5 6BG
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PAEONIAE LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
16,512 
- 
Tangible assets
277 
553 
Investment property
272,894 
- 
289,683 
553 
Current assets
Debtors
2,170 
2,575 
Cash at bank and in hand
885 
6,260 
3,055 
8,835 
Creditors: amounts falling due within one year
(121,154)
(2,782)
Net current (liabilities)/assets
(118,099)
6,053 
Total assets less current liabilities
171,584 
6,606 
Creditors: amounts falling due after more than one year
(179,970)
(9,021)
Net liabilities
(8,386)
(2,415)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(8,396)
(2,425)
Shareholders' funds
(8,386)
(2,415)
For the year ending 28 February 2023 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2023 and were signed on its behalf by
Victoria Chan Director Company Registration No. 08901988
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PAEONIAE LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
PAEONIAE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08901988. The registered office is 70 CHESTERTON AVENUE, HARPENDEN, AL5 5SU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 March 2022
- 
Additions
16,512 
At 28 February 2023
16,512 
Amortisation
At 1 March 2022
- 
At 28 February 2023
- 
Net book value
At 28 February 2023
16,512 
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PAEONIAE LIMITED Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2022
829 
At 28 February 2023
829 
Depreciation
At 1 March 2022
276 
Charge for the year
276 
At 28 February 2023
552 
Net book value
At 28 February 2023
277 
At 28 February 2022
553 
6
Investment property
2023 
£ 
Additions
272,894 
At 28 February 2023
272,894 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
1,970 
Other debtors
200 
2,575 
2,170 
2,575 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
119,522 
- 
Loans from directors
- 
1,630 
Accruals
1,632 
1,152 
121,154 
2,782 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
179,970 
- 
Other creditors
- 
9,021 
179,970 
9,021 
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PAEONIAE LIMITED Notes to the Accounts for the year ended 28 February 2023
10
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
52 
- 
Tax losses carried forward
(2,022)
- 
(1,970)
- 
2023 
2022 
£ 
£ 
Credited to the profit and loss account
(1,970)
- 
Provision at end of year
(1,970)
- 
11
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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