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REGISTERED NUMBER: 08642949 (England and Wales)















PASCHALI INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






PASCHALI INVESTMENTS LIMITED (REGISTERED NUMBER: 08642949)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PASCHALI INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr P Paschali
Mrs E Paschali





SECRETARY:





REGISTERED OFFICE: Hale House, Unit 5
296a Green Lanes
Palmers Green
London
N13 5TW





REGISTERED NUMBER: 08642949 (England and Wales)





ACCOUNTANTS: T. PA Accountancy Services Limited
Hale House
Unit 5
296a Green Lanes
Palmers Green
London
N13 5TW

PASCHALI INVESTMENTS LIMITED (REGISTERED NUMBER: 08642949)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,398 3,298
Investment property 5 1,278,000 1,278,000
1,283,398 1,281,298

CURRENT ASSETS
Debtors 6 9,913 11,590
Cash at bank 104,466 56,158
114,379 67,748
CREDITORS
Amounts falling due within one year 7 1,191,329 1,168,010
NET CURRENT LIABILITIES (1,076,950 ) (1,100,262 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,448

181,036

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 206,348 180,936
SHAREHOLDERS' FUNDS 206,448 181,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

PASCHALI INVESTMENTS LIMITED (REGISTERED NUMBER: 08642949)

BALANCE SHEET - continued
31 AUGUST 2024


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 18 September 2024 and were signed on its behalf by:





Mr P Paschali - Director


PASCHALI INVESTMENTS LIMITED (REGISTERED NUMBER: 08642949)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Paschali Investments 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

PASCHALI INVESTMENTS LIMITED (REGISTERED NUMBER: 08642949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 - 8,692 8,692
Additions 3,900 - 3,900
At 31 August 2024 3,900 8,692 12,592
DEPRECIATION
At 1 September 2023 - 5,394 5,394
Charge for year 975 825 1,800
At 31 August 2024 975 6,219 7,194
NET BOOK VALUE
At 31 August 2024 2,925 2,473 5,398
At 31 August 2023 - 3,298 3,298

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 1,278,000
NET BOOK VALUE
At 31 August 2024 1,278,000
At 31 August 2023 1,278,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 9,913 11,590

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax payable 5,468 7,377
Tenancy deposits held 6,733 5,470
Directors' current accounts 1,177,808 1,153,963
Accrued expenses 1,320 1,200
1,191,329 1,168,010

PASCHALI INVESTMENTS LIMITED (REGISTERED NUMBER: 08642949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 September 2023 180,936
Profit for the year 25,412
At 31 August 2024 206,348