Registered number
04987459
Piazza St. Pauls Limited
Unaudited Filleted Accounts
31 December 2023
Piazza St. Pauls Limited
Registered number: 04987459
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 - 12,500
Tangible assets 4 28,082 35,306
28,082 47,806
Current assets
Stocks 14,830 17,670
Debtors 5 188,141 274,053
Cash at bank and in hand 835,209 819,551
1,038,180 1,111,274
Creditors: amounts falling due within one year 6 (183,375) (224,739)
Net current assets 854,805 886,535
Total assets less current liabilities 882,887 934,341
Provisions for liabilities (5,336) (8,826)
Net assets 877,551 925,515
Capital and reserves
Called up share capital 100 100
Profit and loss account 877,451 925,415
Shareholder's funds 877,551 925,515
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Shahmoradian
Director
Approved by the board on 2 April 2024
Piazza St. Pauls Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of rents received excluding vat.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 2023 2022
Number Number
Average number of persons employed by the company 35 27
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 250,000
At 31 December 2023 250,000
Amortisation
At 1 January 2023 237,500
Provided during the year 12,500
At 31 December 2023 250,000
Net book value
At 31 December 2023 -
At 31 December 2022 12,500
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 20,699 35,528 56,227
Additions 2,290 - 2,290
At 31 December 2023 22,989 35,528 58,517
Depreciation
At 1 January 2023 13,816 7,105 20,921
Charge for the year 2,409 7,105 9,514
At 31 December 2023 16,225 14,210 30,435
Net book value
At 31 December 2023 6,764 21,318 28,082
At 31 December 2022 6,883 28,423 35,306
5 Debtors 2023 2022
£ £
Other debtors 188,141 274,053
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 35,288 36,182
Corporation tax 41,297 57,961
Other taxes and social security costs 76,293 72,211
Other creditors 30,497 58,385
183,375 224,739
7 Controlling party
The ultimate controlling party of Piazza St. Pauls Limited is Mr A Shahmoradian.
8 Other information
Piazza St. Pauls Limited is a private company limited by shares and incorporated in England. Its registered office is:
11 Brook Street
St Pauls Square
Birmingham
B3 1SP
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