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Company Registration No. 10809267 (England and Wales)
Padstow Ltd Unaudited accounts for the year ended 30 June 2024
Padstow Ltd Unaudited accounts Contents
Page
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Padstow Ltd Company Information for the year ended 30 June 2024
Director
Mary Philomena Sonenthal
Company Number
10809267 (England and Wales)
Registered Office
Flat 1, Everly House Capitol Way London NW9 0DB England
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Padstow Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
54,713 
Investment property
- 
213,258 
- 
267,971 
Current assets
Cash at bank and in hand
520,333 
19,123 
Creditors: amounts falling due within one year
(502,384)
(376,892)
Net current assets/(liabilities)
17,949 
(357,769)
Net assets/(liabilities)
17,949 
(89,798)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
17,948 
(89,799)
Shareholders' funds
17,949 
(89,798)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 October 2024 and were signed on its behalf by
Mary Philomena Sonenthal Director Company Registration No. 10809267
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Padstow Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Padstow Ltd is a private company, limited by shares, registered in England and Wales, registration number 10809267. The registered office is Flat 1, Everly House, Capitol Way, London, NW9 0DB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Padstow Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2023
136,782 
Disposals
(136,782)
At 30 June 2024
- 
Depreciation
At 1 July 2023
82,069 
On disposals
(82,069)
At 30 June 2024
- 
Net book value
At 30 June 2024
- 
At 30 June 2023
54,713 
5
Investment property
2024 
£ 
Fair value at 1 July 2023
213,258 
Additions
237,600 
Disposals
(450,858)
At 30 June 2024
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
21,333 
- 
Loans from directors
476,551 
376,412 
Accruals
4,500 
480 
502,384 
376,892 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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