Company No:
Contents
DIRECTOR | Kevin Dranath Soobadoo |
SECRETARY | Sheila Soobadoo |
REGISTERED OFFICE | 22 Chancery Lane |
London | |
WC2A 1LS | |
United Kingdom |
COMPANY NUMBER | 08772505 (England and Wales) |
Note | 2023 | 2022 | ||
£ | £ | |||
Fixed assets | ||||
Investment property | 3 |
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200,000 | 200,000 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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89,177 | 87,811 | |||
Creditors: amounts falling due within one year | 5 | (
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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 | (
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Provision for liabilities | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Revaluation reserve |
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Profit and loss account | (
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Total shareholders' funds |
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Director's responsibilities:
The financial statements of Pascha Properties Limited (registered number:
Kevin Dranath Soobadoo
Director |
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.
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.
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.
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.
2023 | 2022 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Investment property | |
£ | |
Valuation | |
As at 01 December 2022 |
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As at 30 November 2023 |
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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 |
2023 | 2022 | ||
£ | £ | ||
Amounts owed by related parties (note 7) |
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Other debtors |
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2023 | 2022 | ||
£ | £ | ||
Bank loans (secured) |
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Taxation and social security |
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Other creditors |
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2023 | 2022 | ||
£ | £ | ||
Bank loans (secured) |
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Transactions with the entity's director
Advances