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REGISTERED NUMBER: 03848300 (England and Wales)















Palmers 2000 Limited

Unaudited Financial Statements

For The Year Ended 30 April 2024






Palmers 2000 Limited (Registered number: 03848300)

Contents of the Financial Statements
For The Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Palmers 2000 Limited

Company Information
For The Year Ended 30 April 2024







DIRECTOR: D S Palmer





SECRETARY:





REGISTERED OFFICE: Unit 81 Centaur Court
Claydon Business Park
Gt. Blakenham
Ipswich
Suffolk
IP6 0NL





REGISTERED NUMBER: 03848300 (England and Wales)





ACCOUNTANTS: John Phillips & Co Limited
Accountants
Unit 81 Centaur Court
Claydon Business Park
Gt. Blakenham
Ipswich
Suffolk
IP6 0NL

Palmers 2000 Limited (Registered number: 03848300)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,040,189 1,000,000

CURRENT ASSETS
Cash at bank 206,478 232,365

CREDITORS
Amounts falling due within one year 5 229,617 259,275
NET CURRENT LIABILITIES (23,139 ) (26,910 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,017,050

973,090

CREDITORS
Amounts falling due after more than one
year

6

-

2,536
NET ASSETS 1,017,050 970,554

CAPITAL AND RESERVES
Called up share capital 7 902 902
Revaluation reserve 8 114,747 114,747
Retained earnings 901,401 854,905
SHAREHOLDERS' FUNDS 1,017,050 970,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Palmers 2000 Limited (Registered number: 03848300)

Balance Sheet - continued
30 April 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 22 January 2025 and were signed by:





D S Palmer - Director


Palmers 2000 Limited (Registered number: 03848300)

Notes to the Financial Statements
For The Year Ended 30 April 2024


1. STATUTORY INFORMATION

Palmers 2000 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.

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 - Nil
Motor vehicles - 25% 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

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

Palmers 2000 Limited (Registered number: 03848300)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Freehold Motor
property vehicles Totals
£    £    £   
COST
At 1 May 2023 1,000,000 5,750 1,005,750
Additions - 53,585 53,585
At 30 April 2024 1,000,000 59,335 1,059,335
DEPRECIATION
At 1 May 2023 - 5,750 5,750
Charge for year - 13,396 13,396
At 30 April 2024 - 19,146 19,146
NET BOOK VALUE
At 30 April 2024 1,000,000 40,189 1,040,189
At 30 April 2023 1,000,000 - 1,000,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed to group undertakings 171,243 162,382
Taxation and social security 4,595 15,628
Other creditors 53,779 81,265
229,617 259,275

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 2,536

Palmers 2000 Limited (Registered number: 03848300)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
900 Ordinary £1 900 900
1 Ordinary ''B'' Non-voting £1 1 1
1 Ordinary ''C'' Non-voting £1 1 1
902 902

8. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 114,747