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Company No: 08772505 (England and Wales)

PASCHA PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

PASCHA PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

PASCHA PROPERTIES LIMITED

COMPANY INFORMATION

For the financial year ended 30 November 2023
PASCHA PROPERTIES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2023
DIRECTOR Kevin Dranath Soobadoo
SECRETARY Sheila Soobadoo
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
United Kingdom
COMPANY NUMBER 08772505 (England and Wales)
PASCHA PROPERTIES LIMITED

BALANCE SHEET

As at 30 November 2023
PASCHA PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 30 November 2023
Note 2023 2022
£ £
Fixed assets
Investment property 3 200,000 200,000
200,000 200,000
Current assets
Debtors 4 83,768 22,169
Cash at bank and in hand 5,409 65,642
89,177 87,811
Creditors: amounts falling due within one year 5 ( 10,686) ( 10,635)
Net current assets 78,491 77,176
Total assets less current liabilities 278,491 277,176
Creditors: amounts falling due after more than one year 6 ( 200,574) ( 200,574)
Provision for liabilities ( 16,377) ( 16,168)
Net assets 61,540 60,434
Capital and reserves
Called-up share capital 200 200
Revaluation reserve 62,811 62,811
Profit and loss account ( 1,471 ) ( 2,577 )
Total shareholders' funds 61,540 60,434

For the financial year ending 30 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Pascha Properties Limited (registered number: 08772505) were approved and authorised for issue by the Director on 20 August 2024. They were signed on its behalf by:

Kevin Dranath Soobadoo
Director
PASCHA PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
PASCHA PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Pascha Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax provisions are recognised in respect of unrealised gains on investment properties. Deferred tax assets in respect of losses are recognised only if it is more likely than not the losses can be used in the short to medium term.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Borrowings

Interest-bearing bank loans are carried at amortised cost with interest and other attributable costs charged to the profit and loss over the period of the relevant borrowing. Amounts due to and from related parties are interest free and payable on demand and stated at the amount of the cash received / advanced. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Investment property

Investment property
£
Valuation
As at 01 December 2022 200,000
As at 30 November 2023 200,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2023 2022
£ £
Historic cost 124,530 124,530

4. Debtors

2023 2022
£ £
Amounts owed by related parties (note 7) 82,268 22,169
Other debtors 1,500 0
83,768 22,169

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans (secured) 10,000 10,000
Taxation and social security 86 35
Other creditors 600 600
10,686 10,635

Bank loans are secured on the investment property as well as a floating charge.

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans (secured) 200,574 200,574

7. Related party transactions

Transactions with the entity's director

Advances

Advances of £82,268 (2022 - £20,575) were made to the director during the period and repayments received of £20,575 (2022 - £nil). The amount outstanding at the end of the period was £82,268 (2022 - £20,575).