PAGE ASSET MANAGEMENT LIMITED
Statement of financial position
as at 30 June 2023
Investment property
700,000
671,467
Investments
847,996
82,996
Cash at bank and in hand
40,260
29,528
Creditors: amounts falling due within one year
(353,332)
(43,412)
Net current assets
779,513
614,720
Total assets less current liabilities
1,479,517
1,286,339
Creditors: amounts falling due after more than one year
(1,413,664)
(1,270,002)
Provisions for liabilities
Called up share capital
1
1
Revaluation reserve
19,902
-
Profit and loss account
41,970
16,336
Shareholders' funds
61,873
16,337
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 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 28 March 2024 and were signed on its behalf by
Mr Gavriel Zeev NOE
Director
Company Registration No. 10826451
PAGE ASSET MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 30 June 2023
PAGE ASSET MANAGEMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10826451. The registered office is 85 BELL LANE, LONDON, NW4 2AS, 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.
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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
PAGE ASSET MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Computer equipment
Fair value at 1 July 2022
671,467
Net gain from fair value adjustments
19,902
Amounts falling due within one year
Other debtors
244,589
545,608
7
Investments held as current assets
2023
2022
Unlisted investments
847,996
82,996
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
(5,535)
Trade creditors
1,549
1,549
Taxes and social security
9,670
799
Other creditors
173,915
645
Loans from directors
156,106
43,406
PAGE ASSET MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 30 June 2023
9
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
563,664
420,002
Amounts owed to group undertakings and other participating interests
850,000
850,000
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).