Company Registration No. 11372707 (England and Wales)
Paal Holdings Limited
Unaudited accounts
for the year ended 31 July 2023
Paal Holdings Limited
Unaudited accounts
Contents
Paal Holdings Limited
Company Information
for the year ended 31 July 2023
Director
Permjit Kaur Landa
Company Number
11372707 (England and Wales)
Registered Office
The Clocktower Park Road
Bestwood Village
Nottingham
NG6 8TQ
England
Accountants
Net Accountancy Solutions Limited
35 Gripps Common
Cotgrave
Nottingham
Nottinghamshire
NG12 3TF
Paal Holdings Limited
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
24
47
Creditors: amounts falling due within one year
(2,279)
(2,560)
Net current liabilities
(1,755)
(1,913)
Net liabilities
(1,555)
(1,713)
Called up share capital
100
100
Profit and loss account
(1,655)
(1,813)
Shareholders' funds
(1,555)
(1,713)
For the year ending 31 July 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 her 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 23 April 2024 and were signed on its behalf by
Permjit Kaur Landa
Director
Company Registration No. 11372707
Paal Holdings Limited
Notes to the Accounts
for the year ended 31 July 2023
Paal Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 11372707. The registered office is The Clocktower Park Road, Bestwood Village, Nottingham, NG6 8TQ, 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.
The accounts have been prepared on a going concern basis on the understanding the the director will continue to support the company financially for the foreseeable future.
4
Investments
Subsidiary undertakings
Valuation at 1 August 2022
200
Valuation at 31 July 2023
200
The company holds 100% of the ordinary share capital in Rubycore Limited whose capital and reserves were £1,067,624 (2022: £1,547,940). The company made a (loss)/profit of (£381,001) for the year ended 31st March 2023 (2022: profit £35,989).
The company holds 100% of the ordinary share capital in Julebox UK Ltd whose capital and reserves were (£60,316), (2022: (£58,266)). The company made a (loss)/profit of (£2,050) for the year ended 31st July 2023 (2022: (£29,768)).
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Other creditors
1,079
1,100
Loans from directors
1,200
1,100
Paal Holdings Limited
Notes to the Accounts
for the year ended 31 July 2023
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).