Company Registration No. SC599844 (Scotland)
Palace Residence Ltd
Unaudited accounts
for the year ended 30 June 2023
Palace Residence Ltd
Unaudited accounts
Contents
Palace Residence Ltd
Company Information
for the year ended 30 June 2023
Directors
Gennaro Cortellessa
Jennifer Perella
Company Number
SC599844 (Scotland)
Registered Office
3a Jordan Lane
EDINBURGH
Midlothian
EH10 4RB
Scotland
Accountants
AGL Tax Solutions LLP
2A Station Yard
Haddington
East Lothian
EH41 3PP
Palace Residence Ltd
Statement of financial position
as at 30 June 2023
Cash at bank and in hand
-
10
Total assets less current liabilities
-
11
Creditors: amounts falling due after more than one year
(189)
(200)
Net liabilities
(189)
(189)
Called up share capital
1
1
Profit and loss account
(190)
(190)
Shareholders' funds
(189)
(189)
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 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 of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by
Gennaro Cortellessa
Director
Company Registration No. SC599844
Palace Residence Ltd
Notes to the Accounts
for the year ended 30 June 2023
Palace Residence Ltd is a private company, limited by shares, registered in Scotland, registration number SC599844. The registered office is 3a Jordan Lane, , EDINBURGH, Midlothian, EH10 4RB, Scotland. The company is in the process of being wound up.
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.
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.
The accounts are presented in £ sterling.
Amounts falling due within one year
5
Creditors: amounts falling due after more than one year
2023
2022
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).