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REGISTERED NUMBER: 03087573 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Paul's Plaice Limited

Paul's Plaice Limited (Registered number: 03087573)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Paul's Plaice Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: P A Teague





SECRETARY: Mrs G Teague





REGISTERED OFFICE: 9 St George's Yard
Farnham
Surrey
GU9 7LW





REGISTERED NUMBER: 03087573 (England and Wales)





ACCOUNTANTS: Blackwood Futcher & Co.
Chartered Accountants
9 St George's Yard
Farnham
Surrey
GU9 7LW

Paul's Plaice Limited (Registered number: 03087573)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
CURRENT ASSETS
Debtors 4 984,042 1,249,910
Cash at bank 61,409 28,160
1,045,451 1,278,070
CREDITORS
Amounts falling due within one year 5 19,469 61,961
NET CURRENT ASSETS 1,025,982 1,216,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,025,982

1,216,109

CREDITORS
Amounts falling due after more than one
year

6

-

164,958
NET ASSETS 1,025,982 1,051,151

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve 24,847 24,847
Retained earnings 1,000,135 1,025,304
SHAREHOLDERS' FUNDS 1,025,982 1,051,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2024 and were signed by:





P A Teague - Director


Paul's Plaice Limited (Registered number: 03087573)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Paul's Plaice Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Amounts owed by group undertakings 121,121 156,954
Other debtors 862,921 1,092,956
984,042 1,249,910

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts - 47,664
Taxation and social security 16,876 13,052
Other creditors 2,593 1,245
19,469 61,961

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans - 164,958

Paul's Plaice Limited (Registered number: 03087573)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans - 212,622

Lloyds TSB Bank Plc holds a fixed and floating charge over the assets of the company.

A second charge is held by Alexander Arthur Jeffrey for a deed of rent deposit.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
P A Teague
Balance outstanding at start of year 649,782 558,177
Amounts advanced 48,788 185,149
Amounts repaid (180,959 ) (93,544 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 517,611 649,782

The maximum amount outstanding during the period and due to the company was £675,730 (2022 - £730,707). No interest was paid during the period on this balance.

9. RELATED PARTY DISCLOSURES

During the year the company received rental income of £104,000 (2022 £104,000) from Plaice 11 Limited, a company in which the director's daughter holds a material interest. At the balance sheet date the company owed an amount of £2,593 (2022 £1,245) to Plaice 11 Limited.

At the balance sheet date the company was owed an amount of £121,121 (2022 £156,954) by Oak Park Leisure Limited, the parent undertaking.

At the balance sheet date the company was owed an amount of £190,999 (2022 £289,263) by Teague Estates Limited, a company in which the director holds a material interest.