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Registered number: 09825099
Piccadilly Prime Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Anderson Ross Accounting & Tax Ltd
G-05 Davenport House
16 Pepper Street
London
E14 9RP
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09825099
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,351 17,939
Investments 5 144,397 244,397
158,748 262,336
CURRENT ASSETS
Debtors 6 286,476 32,801
Cash at bank and in hand 120,709 10,633
407,185 43,434
Creditors: Amounts Falling Due Within One Year 7 (290,793 ) (81,451 )
NET CURRENT ASSETS (LIABILITIES) 116,392 (38,017 )
TOTAL ASSETS LESS CURRENT LIABILITIES 275,140 224,319
NET ASSETS 275,140 224,319
CAPITAL AND RESERVES
Called up share capital 8 200,000 200,000
Profit and Loss Account 75,140 24,319
SHAREHOLDERS' FUNDS 275,140 224,319
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mohammad Khobreh
Director
25 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Piccadilly Prime Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09825099 . The registered office is 1604 Circus Road West, London, SW11 8EQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Over 5 years
Computer Equipment 20% reducing balance
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 2
2 2
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2022 39,666
As at 31 October 2023 39,666
Depreciation
As at 1 November 2022 21,727
Provided during the period 3,588
As at 31 October 2023 25,315
Net Book Value
As at 31 October 2023 14,351
As at 1 November 2022 17,939
5. Investments
Unlisted
£
Cost
As at 1 November 2022 244,397
Disposals (100,000 )
As at 31 October 2023 144,397
Provision
As at 1 November 2022 -
As at 31 October 2023 -
Net Book Value
As at 31 October 2023 144,397
As at 1 November 2022 244,397
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 15,238 11,138
Other debtors 260,960 10,960
VAT 10,278 10,703
286,476 32,801
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,556 7,058
Corporation tax 13,123 973
Other taxes and social security 2,145 2,610
Net wages 19,429 4,814
Other creditors 251,497 33,783
Accruals and deferred income 900 -
Director's loan account 1,143 32,213
290,793 81,451
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200,000 200,000
9. Related Party Transactions
Included in creditors falling due within one year is an amout of £1,143 (2022: £32,213) payable to the director of the company. This loan is interest free
Page 5