Company Registration No. 08901988 (England and Wales)
PAEONIAE LIMITED
Unaudited accounts
for the year ended 29 February 2024
PAEONIAE LIMITED
Unaudited accounts
Contents
PAEONIAE LIMITED
Company Information
for the year ended 29 February 2024
Company Number
08901988 (England and Wales)
Registered Office
70 CHESTERTON AVENUE
HARPENDEN
AL5 5SU
ENGLAND
Accountants
Mayflower Accountancy & Tax Limited
Unit A, Angel Business Centre
1 Luton Road
Toddington
Bedfordshire
LU5 6DE
PAEONIAE LIMITED
Statement of financial position
as at 29 February 2024
Intangible assets
-
16,512
Investment property
300,531
272,894
Cash at bank and in hand
1,811
885
Creditors: amounts falling due within one year
(1,632)
(1,633)
Net current assets
2,786
1,422
Total assets less current liabilities
303,317
291,105
Creditors: amounts falling due after more than one year
(312,986)
(299,491)
Net liabilities
(9,669)
(8,386)
Called up share capital
10
10
Profit and loss account
(9,679)
(8,396)
Shareholders' funds
(9,669)
(8,386)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 29 November 2024 and were signed on its behalf by
Victoria Chan
Director
Company Registration No. 08901988
PAEONIAE LIMITED
Notes to the Accounts
for the year ended 29 February 2024
PAEONIAE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08901988. The registered office is 70 CHESTERTON AVENUE, HARPENDEN, AL5 5SU, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
PAEONIAE LIMITED
Notes to the Accounts
for the year ended 29 February 2024
4
Intangible fixed assets
Other
At 29 February 2024
16,512
Other increase/(decrease)
16,512
At 29 February 2024
16,512
At 28 February 2023
16,512
The freehold for the property was subsequently purchased and the asset has been transferred at book value to the investment property.
5
Tangible fixed assets
Plant & machinery
Fair value at 1 March 2023
272,894
Transfers from tangible fixed assets
16,512
At 29 February 2024
300,531
Amounts falling due within one year
Deferred tax asset
2,207
1,970
PAEONIAE LIMITED
Notes to the Accounts
for the year ended 29 February 2024
8
Creditors: amounts falling due within one year
2024
2023
9
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
181,835
179,970
Other creditors
131,151
119,521
10
Deferred taxation
2024
2023
Accelerated capital allowances
-
52
Tax losses carried forward
(2,207)
(2,022)
Provision at start of year
(1,970)
-
Credited to the profit and loss account
(237)
(1,970)
Provision at end of year
(2,207)
(1,970)
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).