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REGISTERED NUMBER: 09918205 (England and Wales)


Financial Statements for the Year Ended 31 December 2023

for

Padda & Gill Limited

Padda & Gill Limited (Registered number: 09918205)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Padda & Gill Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr Rachpal Singh Gill
Mr Makhan Singh





REGISTERED OFFICE: Sterling Accounting Services
Bridge House
9-13, Holbrook Lane
Coventry
CV6 4AD





REGISTERED NUMBER: 09918205 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Padda & Gill Limited (Registered number: 09918205)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 745,747 745,747

CURRENT ASSETS
Debtors 5 16,804 16,804
Cash at bank and in hand 113,828 1,208
130,632 18,012
CREDITORS
Amounts falling due within one year 6 40,250 41,472
NET CURRENT ASSETS/(LIABILITIES) 90,382 (23,460 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

836,129

722,287

CREDITORS
Amounts falling due after more than one
year

7

769,715

678,598
NET ASSETS 66,414 43,689

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 66,314 43,589
SHAREHOLDERS' FUNDS 66,414 43,689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Padda & Gill Limited (Registered number: 09918205)

Statement of Financial Position - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Mr Makhan Singh - Director


Padda & Gill Limited (Registered number: 09918205)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Padda & Gill Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 January 2023
and 31 December 2023 745,747
NET BOOK VALUE
At 31 December 2023 745,747
At 31 December 2022 745,747

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 16,804 16,804

Padda & Gill Limited (Registered number: 09918205)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 4,092 6,314
Other creditors 36,158 35,158
40,250 41,472

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 515,025 439,008
Other creditors 254,690 239,590
769,715 678,598

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

The company is controlled by M S Padda. Details of M S Padda's interests in the company's share capital are set out in the director's report.

M S Padda is also a shareholder and director of Vicarage Nurseries Limited. An amount of £9,854 (2022 : £9,854) was receivable at the year end.