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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
Page
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Palladium Bay Limited Company Information for the year ended 31 December 2023
Director
V J Shah
Company Number
12347983 (England and Wales)
Registered Office
15 Turner Road Edgware Middlesex HA8 6AT England
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Palladium Bay Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
192,366 
192,366 
Current assets
Debtors
113,510 
100,010 
Cash at bank and in hand
454,850 
7,824 
568,360 
107,834 
Creditors: amounts falling due within one year
(699,000)
(262,000)
Net current liabilities
(130,640)
(154,166)
Net assets
61,726 
38,200 
Capital and reserves
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
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Palladium Bay Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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.
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2023
192,366 
Valuation at 31 December 2023
192,366 
5
Debtors
2023 
2022 
£ 
£ 
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).
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