17 October 2022 false No description of principal activity Taxfiler 2024.5 14422527business:PrivateLimitedCompanyLtd2022-10-172023-12-31 144225272022-10-16 144225272022-10-172023-12-31 14422527business:AuditExempt-NoAccountantsReport2022-10-172023-12-31 14422527business:FilletedAccounts2022-10-172023-12-31 144225272023-12-31 14422527business:Director12022-10-172023-12-31 14422527business:CompanySecretary12022-10-172023-12-31 14422527business:RegisteredOffice2022-10-172023-12-31 14422527core:WithinOneYear2023-12-31 14422527core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 14422527core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 14422527core:PreviouslyStatedAmount2023-12-31 14422527business:SmallEntities2022-10-172023-12-31 14422527countries:EnglandWales2022-10-172023-12-31 14422527core:AdditionsToInvestments2023-12-31 14422527core:AfterOneYear2023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 14422527 (England and Wales)
Palmela (UK) Ltd Unaudited accounts for the period from 17 October 2022 to 31 December 2023
Palmela (UK) Ltd Unaudited accounts Contents
Page
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Palmela (UK) Ltd Company Information for the period from 17 October 2022 to 31 December 2023
Director
Tom Meganck
Secretary
Company Director
Company Number
14422527 (England and Wales)
Registered Office
91 Wimpole Street London W1G 0EF England
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Palmela (UK) Ltd Statement of financial position as at 31 December 2023
2023 
Notes
£ 
Fixed assets
Investments
347,981 
Current assets
Debtors
477,316 
Cash at bank and in hand
10,632 
487,948 
Creditors: amounts falling due within one year
(162,056)
Net current assets
325,892 
Net assets
673,873 
Capital and reserves
Called up share capital
775,000 
Profit and loss account
(101,127)
Shareholders' funds
673,873 
For the period ending 31 December 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 30 August 2024 and were signed on its behalf by
Tom Meganck Director Company Registration No. 14422527
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Palmela (UK) Ltd Notes to the Accounts for the period from 17 October 2022 to 31 December 2023
1
Statutory information
Palmela (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 14422527. The registered office is 91 Wimpole Street, London, W1G 0EF, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investments
Subsidiary undertakings 
£ 
Valuation at 17 October 2022
- 
Additions
347,981 
Valuation at 31 December 2023
347,981 
5
Debtors
2023 
£ 
Amounts falling due within one year
VAT
11,709 
Other debtors
51,974 
63,683 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
413,633 
6
Creditors: amounts falling due within one year
2023 
£ 
Other creditors
15,648 
Loans from directors
146,408 
162,056 
7
Average number of employees
During the period the average number of employees was 0.
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