Registered number
13934373
PALLY INVESTMENTS LTD
Filleted Accounts
30 November 2023
PALLY INVESTMENTS LTD
Registered number: 13934373
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 112,700 -
Current assets
Cash at bank and in hand - 800
Creditors: amounts falling due within one year 4 (113,436) -
Net current (liabilities)/assets (113,436) 800
Net (liabilities)/assets (736) 800
Capital and reserves
Called up share capital 800 800
Profit and loss account (1,536) -
Shareholders' funds (736) 800
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J S Hayre
Director
Approved by the board on 25 November 2024
PALLY INVESTMENTS LTD
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the amount received for rent charged during the year, exclusive of VAT.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold investment properties, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price). less any impairment losses for bad and doubtfull debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Investment properties
£
Cost
Additions 112,700
At 30 November 2023 112,700
Depreciation
At 30 November 2023 -
Net book value
At 30 November 2023 112,700
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 493 -
Accrued expenses 1,020 -
Other creditors 111,923 -
113,436 -
5 Other information
PALLY INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
128 A Evington Road
Leicester
LE2 1HL
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