1 Palace Gate Freehold Limited 12751990 true 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is property management. Digita Accounts Production Advanced 6.30.9574.0 true Mr A S Sehayek Mr K Zand true 12751990 2022-08-01 2023-07-31 12751990 2023-07-31 12751990 core:ShareCapital 2023-07-31 12751990 core:CurrentFinancialInstruments 2023-07-31 12751990 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 12751990 bus:FRS102 2022-08-01 2023-07-31 12751990 bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12751990 bus:FullAccounts 2022-08-01 2023-07-31 12751990 bus:RegisteredOffice 2022-08-01 2023-07-31 12751990 bus:Director1 2022-08-01 2023-07-31 12751990 bus:Director2 2022-08-01 2023-07-31 12751990 bus:EntityHasNeverTraded 2022-08-01 2023-07-31 12751990 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12751990 countries:EnglandWales 2022-08-01 2023-07-31 12751990 2021-08-01 2022-07-31 12751990 2022-07-31 12751990 core:ShareCapital 2022-07-31 12751990 core:CurrentFinancialInstruments 2022-07-31 12751990 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 12751990

1 Palace Gate Freehold Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2023

 

1 Palace Gate Freehold Limited

Profit and Loss Account for the Year Ended 31 July 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

1 Palace Gate Freehold Limited

(Registration number: 12751990)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Current assets

 

Debtors

3

10

10

Capital and reserves

 

Called up share capital

10

10

Shareholders' funds

 

10

10

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 4 April 2024 and signed on its behalf by:
 

.........................................
Mr A S Sehayek
Director

.........................................
Mr K Zand
Director

 

1 Palace Gate Freehold Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Debtors

Current

2023
£

2022
£

Other debtors

10

10

4

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).