Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30falsetruetrue2023-04-01true1Letting and operating of own or leased real estate1 04567915 2023-04-01 2023-11-30 04567915 2022-04-01 2023-03-31 04567915 2023-11-30 04567915 2023-03-31 04567915 c:Director1 2023-04-01 2023-11-30 04567915 d:FreeholdInvestmentProperty 2023-11-30 04567915 d:FreeholdInvestmentProperty 2023-03-31 04567915 d:CurrentFinancialInstruments 2023-11-30 04567915 d:CurrentFinancialInstruments 2023-03-31 04567915 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 04567915 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04567915 d:ShareCapital 2023-11-30 04567915 d:ShareCapital 2023-03-31 04567915 d:RevaluationReserve 2023-11-30 04567915 d:RevaluationReserve 2023-03-31 04567915 d:RetainedEarningsAccumulatedLosses 2023-11-30 04567915 d:RetainedEarningsAccumulatedLosses 2023-03-31 04567915 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 04567915 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 04567915 c:EntityHasNeverTraded 2023-04-01 2023-11-30 04567915 c:FRS102 2023-04-01 2023-11-30 04567915 c:AuditExempt-NoAccountantsReport 2023-04-01 2023-11-30 04567915 c:FullAccounts 2023-04-01 2023-11-30 04567915 c:PrivateLimitedCompanyLtd 2023-04-01 2023-11-30 04567915 2 2023-04-01 2023-11-30 04567915 e:PoundSterling 2023-04-01 2023-11-30 iso4217:GBP xbrli:pure



Company Registration No. 04567915 (England and Wales)







P.A.L CARRIERS LTD

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 30 NOVEMBER 2023




































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

 
P.A.L CARRIERS LTD
REGISTERED NUMBER:04567915

BALANCE SHEET
AS AT 30 NOVEMBER 2023

30 November
31 March
2023
2023
Note
£
£

Fixed assets
  

Investment property
 3 
1,875,000
1,875,000

  
1,875,000
1,875,000

  

Creditors: amounts falling due within one year
 4 
(1,200)
(600)

Net current liabilities
  
 
 
(1,200)
 
 
(600)

Total assets less current liabilities
  
1,873,800
1,874,400

Provisions for liabilities
  

Deferred tax
 5 
(228,717)
(228,717)

  
 
 
(228,717)
 
 
(228,717)

Net assets
  
1,645,083
1,645,683


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Revaluation reserve
  
975,060
975,060

Profit and loss account
  
669,023
669,623

  
1,645,083
1,645,683


Page 1

 
P.A.L CARRIERS LTD
REGISTERED NUMBER:04567915
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

For the period ended 30 November 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 9 July 2024.

___________________________
Martin John Carey
Director

Page 2

 
P.A.L CARRIERS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

1.


General information

P.A.L Carriers Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit E1, The Courtyard, Alban Park, St Albans, AL4  0LA.

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.

Financial statements are prepared in sterling which is the functional currency of the company.
The following principal accounting policie have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 3

 
P.A.L CARRIERS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.
Where fair value cannot be achieved without undue cost or effort, invesment property is accounted for as tangible fixed assets.

 
2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Investment property





Freehold investment property

£



Valuation


At 1 April 2023
1,875,000



At 30 November 2023
1,875,000

Freehold investment property with a carrying amount of £671,223 was revalued at 13 December 2022 by Gibbs Gillespie Surveyors Limited, independent valuers not connected with the company on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arms length terms for similar properties.





4.


Creditors: Amounts falling due within one year

30 November
31 March
2023
2023
£
£

Amounts owed to associated undertakings
600
-

Accruals
600
600

1,200
600


Page 4

 
P.A.L CARRIERS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

5.


Deferred taxation






2023


£






At beginning of year
228,717



At end of year
228,717

The provision for deferred taxation is made up as follows:

30 November
31 March
2023
2023
£
£


Deferred tax on revaluation
228,717
228,717

228,717
228,717


6.


Parent company

The ultimate parent company is M Carey Properties Limited, a company registered in England and Wales.

 
Page 5