PALLAS LIMITED

Company Registration Number:
SC619460 (Scotland)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

PALLAS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

PALLAS LIMITED

Company Information

for the Period Ended 31 January 2024




Director: Michael McGettrick
Jasmine Samuel
Secretary: Jasmine Samuel
Registered office: 1/2 63
Lauderdale Gardens
Glasgow
GBR
G12 9QU
Company Registration Number: SC619460 (Scotland)

PALLAS LIMITED

Directors' Report Period Ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Directors

The directors shown below have held office during the whole of the period from 01 February 2023 to 31 January 2024
Michael McGettrick
Jasmine Samuel

Secretary
Jasmine Samuel

This report was approved by the board of directors on 7 February 2024
And Signed On Behalf Of The Board By:

Name: Jasmine Samuel
Status: Director

PALLAS LIMITED

Profit and Loss Account

for the Period Ended 31 January 2024


Notes

2024
£

2023
£
Turnover 29,940 24,312
Cost of sales ( 0 ) ( 0 )
Gross Profit or (Loss) 29,940 24,312
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 24,418 ) ( 9,593 )
Other operating income 0 0
Operating Profit or (Loss) 5,522 14,719
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 10,232 ) ( 11,156 )
Profit or (Loss) Before Tax ( 4,710 ) 3,563
Tax on Profit ( 0 ) ( 0 )
Profit or (Loss) for Period ( 4,710 ) 3,563

The notes form part of these financial statements

PALLAS LIMITED

Balance sheet

As at 31 January 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 393,000 393,000
Total fixed assets: 393,000 393,000
Current assets
Cash at bank and in hand: 1,513 616
Total current assets: 1,513 616
Net current assets (liabilities): 1,513 616
Total assets less current liabilities: 394,513 393,616
Creditors: amounts falling due after more than one year: 5 ( 422,329 ) ( 413,785 )
Total net assets (liabilities): ( 27,816 ) ( 20,169 )

The notes form part of these financial statements

PALLAS LIMITED

Balance sheet continued

As at 31 January 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: ( 27,818 ) ( 20,171 )
Shareholders funds: ( 27,816 ) ( 20,169 )

For the year ending 31 January 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 7 February 2024
And Signed On Behalf Of The Board By:

Name: Jasmine Samuel
Status: Director

The notes form part of these financial statements

PALLAS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PALLAS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

PALLAS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 3. Off balance sheet disclosure

    No

PALLAS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible assets

Land & buildings Total
Cost £ £
At 01 February 2023 393,000 393,000
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 January 2024 393,000 393,000
Depreciation
At 01 February 2023 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 31 January 2024 - -
Net book value
At 31 January 2024 393,000 393,000
At 31 January 2023 393,000 393,000

PALLAS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 267,000 273,000
Other creditors 155,329 140,785
Total 422,329 413,785