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Company Registration No. 14339816 (England and Wales)
PODO Capital Ltd Unaudited accounts for the period from 6 September 2022 to 30 September 2023
PODO Capital Ltd Unaudited accounts Contents
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PODO Capital Ltd Company Information for the period from 6 September 2022 to 30 September 2023
Director
Mohammed Najim
Company Number
14339816 (England and Wales)
Registered Office
40 Cecil Road London W3 0DB United Kingdom
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PODO Capital Ltd Statement of financial position as at 30 September 2023
2023 
Notes
£ 
Current assets
Debtors
1,440 
Cash at bank and in hand
661 
2,101 
Creditors: amounts falling due within one year
(2,524)
Net current liabilities
(423)
Net liabilities
(423)
Capital and reserves
Called up share capital
1 
Profit and loss account
(424)
Shareholders' funds
(423)
For the period ending 30 September 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 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 1 March 2024 and were signed on its behalf by
Mohammed Najim Director Company Registration No. 14339816
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PODO Capital Ltd Notes to the Accounts for the period from 6 September 2022 to 30 September 2023
1
Statutory information
PODO Capital Ltd is a private company, limited by shares, registered in England and Wales, registration number 14339816. The registered office is 40 Cecil Road, London, W3 0DB, United Kingdom.
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 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.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
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 or directly in equity. Current and deferred taxation assets and liabilities are not discounted. Current tax is recognised as the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Debtors
2023 
£ 
Amounts falling due within one year
Deferred tax asset
100 
Accrued income and prepayments
1,340 
1,440 
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PODO Capital Ltd Notes to the Accounts for the period from 6 September 2022 to 30 September 2023
5
Creditors: amounts falling due within one year
2023 
£ 
Loans from directors
2,374 
Accruals
150 
2,524 
Amounts owed to directors are unsecured, interest free and repayable on demand.
6
Post balance sheet events
After the reporting date the company acquired the leasehold property 179 Trentham Court, W3 6BT. The consideration was partially satisfied via a mortgage secured by a fixed charge over the property.
7
Average number of employees
During the period the average number of employees was 1.
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