Company Registration No. 12347983 (England and Wales)
Palladium Bay Limited
Unaudited accounts
for the year ended 31 December 2023
Palladium Bay Limited
Unaudited accounts
Contents
Palladium Bay Limited
Company Information
for the year ended 31 December 2023
Company Number
12347983 (England and Wales)
Registered Office
15 Turner Road
Edgware
Middlesex
HA8 6AT
England
Palladium Bay Limited
Statement of financial position
as at 31 December 2023
Investments
192,366
192,366
Cash at bank and in hand
454,850
7,824
Creditors: amounts falling due within one year
(699,000)
(262,000)
Net current liabilities
(130,640)
(154,166)
Called up share capital
200
200
Profit and loss account
61,526
38,000
Shareholders' funds
61,726
38,200
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 his 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 29 February 2024 and were signed on its behalf by
V J Shah
Director
Company Registration No. 12347983
Palladium Bay Limited
Notes to the Accounts
for the year ended 31 December 2023
Palladium Bay Limited is a private company, limited by shares, registered in England and Wales, registration number 12347983. The registered office is 15 Turner Road, Edgware, Middlesex, HA8 6AT, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Investments
Subsidiary undertakings
Valuation at 1 January 2023
192,366
Valuation at 31 December 2023
192,366
Amounts falling due within one year
Amounts due from group undertakings etc.
113,510
100,010
6
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
699,000
262,000
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).