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REGISTERED NUMBER: 05408129 (England and Wales)






















Pytrad Limited

Unaudited Financial Statements for the Year Ended 31st March 2024






Pytrad Limited (Registered number: 05408129)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pytrad Limited

Company Information
for the year ended 31st March 2024







DIRECTORS: P.H. Yu
H.K. Yu





SECRETARY: J.H.Q. Yu





REGISTERED OFFICE: 6A Court Close
Maidenhead
Berkshire
SL6 2DL





REGISTERED NUMBER: 05408129 (England and Wales)





ACCOUNTANTS: Smailes Goldie Limited
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Pytrad Limited (Registered number: 05408129)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 372 715
Investment property 5 1,485,000 1,301,010
1,485,372 1,301,725

CURRENT ASSETS
Debtors 6 4,946 3,151
Cash at bank and in hand 27,308 57,704
32,254 60,855
CREDITORS
Amounts falling due within one year 7 11,883 14,994
NET CURRENT ASSETS 20,371 45,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,505,743

1,347,586

PROVISIONS FOR LIABILITIES 54,000 8,003
NET ASSETS 1,451,743 1,339,583

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 190,451 52,458
Retained earnings 1,261,192 1,287,025
SHAREHOLDERS' FUNDS 1,451,743 1,339,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Pytrad Limited (Registered number: 05408129)

Balance Sheet - continued
31st March 2024


The 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th November 2024 and were signed on its behalf by:





P.H. Yu - Director


Pytrad Limited (Registered number: 05408129)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

Pytrad Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rental income
Rental income is recognised over the lease term.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 3 years

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in statement of comprehensive income.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only 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 balance sheet date that are expected to apply to the reversal of timing differences.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Pytrad Limited (Registered number: 05408129)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and are receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 1,029
DEPRECIATION
At 1st April 2023 314
Charge for year 343
At 31st March 2024 657
NET BOOK VALUE
At 31st March 2024 372
At 31st March 2023 715

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 1,301,010
Revaluations 183,990
At 31st March 2024 1,485,000
NET BOOK VALUE
At 31st March 2024 1,485,000
At 31st March 2023 1,301,010

Investment properties are held at their aggregate market value, as assessed by the directors at the year end date.


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,946 3,151

Pytrad Limited (Registered number: 05408129)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 8,306 11,726
Other creditors 3,577 3,268
11,883 14,994

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
P.H. Yu
Balance outstanding at start of year - -
Amounts advanced 1,665 -
Amounts repaid (900 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 765 -

Amounts due from directors are interest-free and repayable on demand.