Company Registration No. 13652931 (England and Wales)
THE PALM BUILDERS & DEVELOPERS LIMITED
Unaudited accounts
for the year ended 30 September 2023
THE PALM BUILDERS & DEVELOPERS LIMITED
Unaudited accounts
Contents
THE PALM BUILDERS & DEVELOPERS LIMITED
Company Information
for the year ended 30 September 2023
Company Number
13652931 (England and Wales)
Registered Office
430 ONE KINGDOM STREET
PEDDINGTON CENTRAL
LONDON
W2 6BD
ENGLAND
Accountants
Certax Accounting (Fitzrovia) Limited
85
Tottenham Court Road
London
W1T 4TQ
THE PALM BUILDERS & DEVELOPERS LIMITED
Statement of financial position
as at 30 September 2023
Tangible assets
1,005
1,005
Cash at bank and in hand
66,669
6,422
Creditors: amounts falling due within one year
(44,764)
(4,230)
Net current assets
53,494
2,192
Total assets less current liabilities
54,499
3,197
Creditors: amounts falling due after more than one year
(90,000)
(29,325)
Net liabilities
(35,501)
(26,128)
Called up share capital
100
100
Profit and loss account
(35,601)
(26,228)
Shareholders' funds
(35,501)
(26,128)
For the year 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 13 April 2024 and were signed on its behalf by
Raja BHAWAN
Director
Company Registration No. 13652931
THE PALM BUILDERS & DEVELOPERS LIMITED
Notes to the Accounts
for the year ended 30 September 2023
THE PALM BUILDERS & DEVELOPERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13652931. The registered office is 430 ONE KINGDOM STREET, PEDDINGTON CENTRAL, LONDON, W2 6BD, ENGLAND.
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:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Computer equipment
At 30 September 2023
1,005
At 30 September 2023
1,005
At 30 September 2022
1,005
THE PALM BUILDERS & DEVELOPERS LIMITED
Notes to the Accounts
for the year ended 30 September 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
6,344
3,116
Other creditors
17,029
1,114
Loans from directors
9,965
-
7
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
90,000
29,325
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).