1 March 2023 v2024.49.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP088748952023-03-012024-02-29088748952024-02-29088748952023-02-2808874895core:WithinOneYear2024-02-2908874895core:WithinOneYear2023-02-2808874895core:ShareCapital2024-02-2908874895core:ShareCapital2023-02-2808874895core:RetainedEarningsAccumulatedLosses2024-02-2908874895core:RetainedEarningsAccumulatedLosses2023-02-2808874895bus:Director12023-03-012024-02-2908874895bus:RegisteredOffice2023-03-012024-02-2908874895core:CostValuation2023-03-0108874895core:CostValuation2024-02-290887489512023-03-012024-02-29088748952022-03-012023-02-2808874895countries:EnglandWales2023-03-012024-02-2908874895bus:AuditExemptWithAccountantsReport2023-03-012024-02-2908874895bus:PrivateLimitedCompanyLtd2023-03-012024-02-2908874895bus:SmallEntities2023-03-012024-02-2908874895bus:FullAccounts2023-03-012024-02-29
Company registration number:
08874895
P.A.E Investments Limited
Unaudited Filleted Financial Statements for the year ended
29 February 2024
P.A.E Investments Limited
Statement of Financial Position
29 February 2024
20242023
Note££
Fixed assets    
Investments 5
200
 
200
 
Current assets    
Debtors 6
293,700
 
368,982
 
Cash at bank and in hand
181,366
 
81,367
 
475,066
 
450,349
 
Creditors: amounts falling due within one year 7
(24,757
)
(26
)
Net current assets
450,309
 
450,323
 
Total assets less current liabilities 450,509   450,523  
Capital and reserves    
Called up share capital
300
 
300
 
Profit and loss account
450,209
 
450,223
 
Shareholders funds
450,509
 
450,523
 
For the year ending
29 February 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
23 October 2024
, and are signed on behalf of the board by:
Mr Paul Anthony Edwards
Director
Company registration number:
08874895
P.A.E Investments Limited
Notes to the Financial Statements
Year ended
29 February 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Deansfield House
,
98 Lancaster Road
,
Newcastle Under Lyme
,
Staffordshire
,
ST5 1DS
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilites and investment properties measured at fair value through profit or loss.
The
financial statements
are prepared in sterling, which is the functional currency of the entity.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value, with changes in fair value recognised in .

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Investments

Shares in group undertakings and participating interests
£
Cost  
At
1 March 2023
200
 
At
29 February 2024
200
 
Impairment  
At
1 March 2023
and
29 February 2024
-  
Carrying amount  
At
29 February 2024
200
 
At 28 February 2023
200
 

6 Debtors

20242023
££
Amounts owed by group undertakings and undertakings in which the company has a participating interest
293,600
 
368,882
 
Other debtors
100
 
100
 
293,700
 
368,982
 

7 Creditors: amounts falling due within one year

20242023
££
Amounts owed to group undertakings and undertakings in which the company has a participating interest
24,731
  -  
Other creditors
26
 
26
 
24,757
 
26
 

9 Controlling party

Mr Paul Anthony Edwards is the ultimate controlling party by virtue of his controlling shareholding in the company.