1 January 2023 true No description of principal activity Taxfiler 2024.5 true 13053569business:PrivateLimitedCompanyLtd2023-01-012023-12-31 130535692022-12-31 13053569business:EntityNoLongerTradingButTradedInPast2023-01-012023-12-31 130535692023-01-012023-12-31 13053569business:AuditExemptWithAccountantsReport2023-01-012023-12-31 13053569business:FilletedAccounts2023-01-012023-12-31 130535692023-12-31 13053569business:Director12023-01-012023-12-31 13053569business:RegisteredOffice2023-01-012023-12-31 130535692022-12-31 13053569core:WithinOneYear2023-12-31 13053569core:WithinOneYear2022-12-31 13053569core:AfterOneYear2023-12-31 13053569core:AfterOneYear2022-12-31 13053569core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 13053569core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 13053569core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 13053569core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 13053569core:PreviouslyStatedAmount2023-12-31 13053569core:PreviouslyStatedAmount2022-12-31 13053569business:SmallEntities2023-01-012023-12-31 13053569countries:EnglandWales2023-01-012023-12-31 13053569core:LandBuildings2022-12-31 13053569core:FurnitureFittings2022-12-31 13053569core:LandBuildings2023-12-31 13053569core:FurnitureFittings2023-12-31 13053569core:LandBuildings2023-01-012023-12-31 13053569core:FurnitureFittings2023-01-012023-12-31 13053569core:WithinOneYear2023-01-012023-12-31 13053569business:OrdinaryShareClass12023-01-012023-12-31 13053569business:OrdinaryShareClass12021-12-312022-12-31 130535692021-12-312022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 13053569 (England and Wales)
Pad Acre Holdings Limited Unaudited accounts for the year ended 31 December 2023
Pad Acre Holdings Limited Unaudited accounts Contents
Page
- 2 -
Pad Acre Holdings Limited Company Information for the year ended 31 December 2023
Director
Mr C J Padden
Company Number
13053569 (England and Wales)
Registered Office
37 FEARNVILLE PLACE LEEDS LS8 3DY ENGLAND
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
- 3 -
Pad Acre Holdings Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
147,059 
148,231 
Current assets
Cash at bank and in hand
3,834 
- 
Creditors: amounts falling due within one year
(35,337)
(35,169)
Net current liabilities
(31,503)
(35,169)
Total assets less current liabilities
115,556 
113,062 
Creditors: amounts falling due after more than one year
(122,444)
(122,444)
Provisions for liabilities
Deferred tax
- 
(960)
Net liabilities
(6,888)
(10,342)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(6,889)
(10,343)
Shareholders' funds
(6,888)
(10,342)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 28 August 2024 and were signed on its behalf by
Mr C J Padden Director Company Registration No. 13053569
- 4 -
Pad Acre Holdings Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Pad Acre Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 13053569. The registered office is 37 FEARNVILLE PLACE, LEEDS, LS8 3DY, 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 remained unchanged from the previous year, and also 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the director(s) will continue to financially support the company during this uncertain period.
- 5 -
Pad Acre Holdings Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
144,349 
5,054 
149,403 
At 31 December 2023
144,349 
5,054 
149,403 
Depreciation
At 1 January 2023
- 
1,172 
1,172 
Charge for the year
- 
1,172 
1,172 
At 31 December 2023
- 
2,344 
2,344 
Net book value
At 31 December 2023
144,349 
2,710 
147,059 
At 31 December 2022
144,349 
3,882 
148,231 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
34,929 
34,929 
Accruals
408 
240 
35,337 
35,169 
Accountancy
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
109,420 
109,420 
Loans from directors
13,024 
13,024 
122,444 
122,444 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 6 -