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REGISTERED NUMBER: 01724630 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Piaford Limited

Piaford Limited (Registered number: 01724630)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Piaford Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs L M Silversmith





SECRETARY: Mr C Smith





REGISTERED OFFICE: The Three Sixes
Fulwood Park
LIVERPOOL
Merseyside
L17 5AQ





REGISTERED NUMBER: 01724630 (England and Wales)





ACCOUNTANTS: Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Piaford Limited (Registered number: 01724630)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 186,904 187,961

CURRENT ASSETS
Debtors 5 3,535 48,811
Cash at bank 114,746 45,235
118,281 94,046
CREDITORS
Amounts falling due within one year 6 11,578 7,221
NET CURRENT ASSETS 106,703 86,825
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,607

274,786

PROVISIONS FOR LIABILITIES 5,321 5,321
NET ASSETS 288,286 269,465

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 288,186 269,365
SHAREHOLDERS' FUNDS 288,286 269,465

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

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

The director acknowledges her 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.

Piaford Limited (Registered number: 01724630)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 December 2024 and were signed by:





Mrs L M Silversmith - Director


Piaford Limited (Registered number: 01724630)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Piaford 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.

Turnover
Turnover represents rental income from properties owned by the company, before deduction of expenses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 5% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Freehold property
Freehold properties are disclosed at cost, it is the policy to maintain them to a high standard with regular maintenance expenditure being charged against operating profit. Depreciation of properties is not therefore considered necessary.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Piaford Limited (Registered number: 01724630)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£ £ £
COST
At 1 April 2023
and 31 March 2024 166,815 65,985 232,800
DEPRECIATION
At 1 April 2023 - 44,839 44,839
Charge for year - 1,057 1,057
At 31 March 2024 - 45,896 45,896
NET BOOK VALUE
At 31 March 2024 166,815 20,089 186,904
At 31 March 2023 166,815 21,146 187,961

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Other debtors 3,535 48,811

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Tax 4,663 4,835
Directors' loan accounts 4,529 -
Accrued expenses 2,386 2,386
11,578 7,221

7. ULTIMATE CONTROLLING PARTY

Lorna Margaret Silversmith owns 99% of the issued share capital of the company and is thus the ultimate controlling party.