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REGISTERED NUMBER: 06815525 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2024

for

PAL PROPERTY MANAGEMENT LTD

PAL PROPERTY MANAGEMENT LTD (Registered number: 06815525)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 4

PAL PROPERTY MANAGEMENT LTD

Company Information
for the Year Ended 28 February 2024







DIRECTORS: C P Hyde
A G Edwards





SECRETARY: C P Hyde





REGISTERED OFFICE: Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE





REGISTERED NUMBER: 06815525 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

PAL PROPERTY MANAGEMENT LTD (Registered number: 06815525)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £   
CURRENT ASSETS
Cash at bank 1,409 1,409

CREDITORS
Amounts falling due within one year 4 5,350 5,350
NET CURRENT LIABILITIES (3,941 ) (3,941 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,941

)

(3,941

)

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 6 (4,041 ) (4,041 )
SHAREHOLDERS' FUNDS (3,941 ) (3,941 )

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 26 September 2024 and were signed on its behalf by:





C P Hyde - Director


PAL PROPERTY MANAGEMENT LTD (Registered number: 06815525)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

PAL PROPERTY MANAGEMENT LTD 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.

The financial statements have been prepared on the basis that the enterprise will continue in operational existence for the foreseeable future. This means in particular that the profit and loss account and balance sheet assume no intention nor necessity to liquidate nor curtail significantly the scale of operation. Further, the financial statements have been prepared on the basis that continued support will be given by the company's bankers and creditors.

3. EMPLOYEES AND DIRECTORS

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

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Taxation and social security 42 42
Other creditors 5,308 5,308
5,350 5,350

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.24 28.2.23
value: £    £   
100 Ordinary Shares £1 100 100

6. RESERVES
Retained
earnings
£   

At 1 March 2023 (4,041 )
Profit for the year -
At 28 February 2024 (4,041 )

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors at the year end is an amount of £4,109 owed jointly to Directors C.Hyde and A.Edwards.

8. ULTIMATE CONTROLLING PARTY

The company is under equal control by Mr C.Hyde and Mr A.Edwards, therefore there is no ultimate controlling party.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
PAL PROPERTY MANAGEMENT LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PAL PROPERTY MANAGEMENT LTD for the year ended 28 February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of PAL PROPERTY MANAGEMENT LTD, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PAL PROPERTY MANAGEMENT LTD and state those matters that we have agreed to state to the Board of Directors of PAL PROPERTY MANAGEMENT LTD, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PAL PROPERTY MANAGEMENT LTD and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PAL PROPERTY MANAGEMENT LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PAL PROPERTY MANAGEMENT LTD. You consider that PAL PROPERTY MANAGEMENT LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PAL PROPERTY MANAGEMENT LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


Date: .............................................