1 July 2022 false No description of principal activity Taxfiler 2023.14 SC599844business:PrivateLimitedCompanyLtd2022-07-012023-06-30 SC5998442022-06-30 SC5998442022-07-012023-06-30 SC599844business:AuditExemptWithAccountantsReport2022-07-012023-06-30 SC599844business:FilletedAccounts2022-07-012023-06-30 SC5998442023-06-30 SC599844business:Director12022-07-012023-06-30 SC599844business:Director22022-07-012023-06-30 SC599844business:RegisteredOffice2022-07-012023-06-30 SC5998442022-06-30 SC599844core:AfterOneYear2023-06-30 SC599844core:AfterOneYear2022-06-30 SC599844core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 SC599844core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 SC599844core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 SC599844core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 SC599844core:PreviouslyStatedAmount2023-06-30 SC599844core:PreviouslyStatedAmount2022-06-30 SC599844business:SmallEntities2022-07-012023-06-30 SC599844countries:Scotland2022-07-012023-06-30 SC599844core:WithinOneYear2023-06-30 SC599844core:WithinOneYear2022-06-30 SC5998442021-07-012022-06-30 iso4217:GBP xbrli:pure
Company Registration No. SC599844 (Scotland)
Palace Residence Ltd Unaudited accounts for the year ended 30 June 2023
Palace Residence Ltd Unaudited accounts Contents
Page
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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
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Palace Residence Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
- 
1 
Cash at bank and in hand
- 
10 
- 
11 
Net current assets
- 
11 
Total assets less current liabilities
- 
11 
Creditors: amounts falling due after more than one year
(189)
(200)
Net liabilities
(189)
(189)
Capital and reserves
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
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Palace Residence Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
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.
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.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
1 
5
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
189 
200 
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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