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REGISTERED NUMBER: 02721884 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

Pasuda Buildings Limited

Pasuda Buildings Limited (Registered number: 02721884)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pasuda Buildings Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr Gordon Jones



SECRETARY: Mrs Susan Jones



REGISTERED OFFICE: The Old Airfield
Belton Road
Sandtoft
Doncaster
South Yorkshire
DN8 5SX



BUSINESS ADDRESS: Pasuda House
Highfield Lane
Orgreave
Sheffield
South Yorkshire
S13 9NA



REGISTERED NUMBER: 02721884 (England and Wales)



INDEPENDENT AUDITORS: Landin Wilcock & Co
Statutory Auditor
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: Handelsbanken
7th Floor
3 St Pauls Place
129 Norfolk Street
Sheffield
South Yorkshire
S1 2JE

Pasuda Buildings Limited (Registered number: 02721884)

Balance Sheet
30 June 2023

30/6/23 30/6/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 46,658 75,124

CURRENT ASSETS
Stocks 330,225 667,889
Debtors 5 2,773,893 2,734,537
Cash at bank and in hand 148,475 160,365
3,252,593 3,562,791
CREDITORS
Amounts falling due within one year 6 (870,188 ) (960,141 )
NET CURRENT ASSETS 2,382,405 2,602,650
TOTAL ASSETS LESS CURRENT LIABILITIES 2,429,063 2,677,774

PROVISIONS FOR LIABILITIES - (4,794 )
NET ASSETS 2,429,063 2,672,980

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,428,963 2,672,880
2,429,063 2,672,980

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 5 March 2024 and were signed by:





Mr Gordon Jones - Director


Pasuda Buildings Limited (Registered number: 02721884)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Pasuda Buildings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Turnover from the sale of goods represents the manufacture and sale of site cabins and related equipment. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 6.67% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical costs include expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively, if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Pasuda Buildings Limited (Registered number: 02721884)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 14 (2022 - 22 ) .

Pasuda Buildings Limited (Registered number: 02721884)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2022 210,114 227,991 57,048 17,000 512,153
Additions - 28,853 559 - 29,412
Disposals - (183,792 ) (31,769 ) - (215,561 )
At 30 June 2023 210,114 73,052 25,838 17,000 326,004
DEPRECIATION
At 1 July 2022 198,114 184,227 43,709 10,979 437,029
Charge for year 1,000 17,029 5,210 4,250 27,489
Eliminated on disposal - (157,184 ) (27,988 ) - (185,172 )
At 30 June 2023 199,114 44,072 20,931 15,229 279,346
NET BOOK VALUE
At 30 June 2023 11,000 28,980 4,907 1,771 46,658
At 30 June 2022 12,000 43,764 13,339 6,021 75,124

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022 17,000
Transfer to ownership (17,000 )
At 30 June 2023 -
DEPRECIATION
At 1 July 2022 10,979
Charge for year 4,250
Transfer to ownership (15,229 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 6,021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade debtors 625,779 898,499
Amounts owed by group undertakings 2,132,829 1,772,949
Other debtors 15,285 63,089
2,773,893 2,734,537

Pasuda Buildings Limited (Registered number: 02721884)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Hire purchase contracts - 2,658
Trade creditors 686,424 629,611
Amounts owed to group undertakings - 28,650
Taxation and social security 131,891 231,368
Other creditors 51,873 67,854
870,188 960,141

7. SECURED DEBTS

The following secured debts are included within creditors:

30/6/23 30/6/22
£    £   
Hire purchase contracts - 2,658

The hire purchase liabilities are secured against the related assets.

The bank overdraft is secured by way of a legal charge over the group's trading property and there is also an un-limited inter company composite guarantee by and between each member of the group.

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Hampstead (Senior Statutory Auditor)
for and on behalf of Landin Wilcock & Co

9. OTHER FINANCIAL COMMITMENTS

Amounts not provided for in the balance sheet

The total amount of guarantees not included in the balance sheet is £nil (2022 - £nil). The company has provided an intercompany cross guarantee in respect of the bank borrowings of Liberty Group Holdings Limited, Pasuda (Hire) Limited, Liberty Guard (UK) Limited, Speakeasy Co Limited and Speakeasy Enterprises Limited.

10. RELATED PARTY DISCLOSURES

Summary of transactions with other related parties

The Pasuda Self Administered Pension Scheme: of which the company's director, Mr G Jones and his wife are the sole beneficiaries, owns the company's trading premises at Highfield Lane, Orgreave, Sheffield S13 9NA

During the year the company paid rent charges to the value of £38,400 (2022 - £32,000) in respect of the above property.
During the year the company issued sales amounting £nil (2022 - £nil)
At the balance sheet date the amount due from The Pasuda Self Administered Pension Scheme was £nil (2022 - £nil).

Pasuda Buildings Limited (Registered number: 02721884)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


11. ULTIMATE CONTROLLING PARTY

The company's immediate parent is Liberty Group Holdings Limited, incorporated in England & Wales.

These financial statements are available upon request from The Old Airfield, Belton Road, Sandtoft, Doncaster DN8 5SX.

The ultimate controlling party is Mr Gordon Jones and Mrs Susan Jones by virtue of their shareholding in the parent company.