Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-310falseinvestment holding company2023-01-01true0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10479273 2023-01-01 2023-12-31 10479273 2022-01-01 2022-12-31 10479273 2023-12-31 10479273 2022-12-31 10479273 1 2023-01-01 2023-12-31 10479273 d:Director1 2023-01-01 2023-12-31 10479273 d:RegisteredOffice 2023-01-01 2023-12-31 10479273 c:CurrentFinancialInstruments 2023-12-31 10479273 c:CurrentFinancialInstruments 2022-12-31 10479273 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 10479273 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 10479273 c:ShareCapital 2023-12-31 10479273 c:ShareCapital 2022-12-31 10479273 c:RetainedEarningsAccumulatedLosses 2023-12-31 10479273 c:RetainedEarningsAccumulatedLosses 2022-12-31 10479273 d:OrdinaryShareClass1 2023-01-01 2023-12-31 10479273 d:OrdinaryShareClass1 2023-12-31 10479273 d:FRS102 2023-01-01 2023-12-31 10479273 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10479273 d:AbridgedAccounts 2023-01-01 2023-12-31 10479273 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10479273 6 2023-01-01 2023-12-31 10479273 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure



Company Registration No.10479273 (England and Wales)





PALEBECK GROUP LIMITED

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023



































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
PALEBECK GROUP LIMITED
 
 
COMPANY INFORMATION


Director
Karin McNeill 




Company number
10479273



Registered office
40 Chamberlayne Road

London

NW10 3JE




Accountants
Riordan O'Sullivan & Co.
Chartered Certified Accountants

40 Chamberlayne Road

London

NW10 3JE





 
PALEBECK GROUP LIMITED
 

CONTENTS



Page
Balance sheet
 
 
1
Notes to the financial statements
 
 
2 - 4


 
PALEBECK GROUP LIMITED
REGISTERED NUMBER:10479273

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 5 
804,000
804,000

  
804,000
804,000

Current assets
  

Debtors
  
100
100

Cash at bank and in hand
  
2,500
4,741

  
2,600
4,841

Creditors: amounts falling due within one year
 6 
(121,500)
(188,741)

Net current liabilities
  
 
 
(118,900)
 
 
(183,900)

Total assets less current liabilities
  
685,100
620,100

Net assets
  
685,100
620,100


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
685,000
620,000

  
685,100
620,100


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 March 2024.

___________________________
Karin McNeill
Director

Page 1

 
PALEBECK GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Palebeck Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is 40 Chamberlayne Road, London, NW10 3JE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

The following principal accounting policies have been applied:

 
2.2

Fixed asset investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

 
2.4

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. 
 

3.


Employees



The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).


4.


Dividends

2023
2022
£
£


Dividends paid
30,000
-

Page 2

 
PALEBECK GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Investments in subsidiary company

£



Cost or valuation


At 1 January 2023
804,000



At 31 December 2023
804,000




Fixed asset investments represents 100% ordinary share capital of Palebeck Telecommunications Technology Limited, a subsidiary company registered in England and Wales.
Subsidiary undertaking
At 31 December 2023, the subsidiary's aggregate capital and reserves amounted to £23,395 and the profit for the year was £96,347.


6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
78,870
111,598

Other creditors (secured)
42,630
77,143

121,500
188,741


The amount due to the group undertaking is unsecured, interest-free and repayable on demand.


7.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



100 ordinary shares of £1 each
100
100


Page 3

 
PALEBECK GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Post balance sheet events

There were no events since the balance sheet date which materially affected the company.


9.


Controlling party

The company is 100% controlled by Karin McNeill.

 
Page 4