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REGISTERED NUMBER: 04225812 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

PARTLIGHT LIMITED

PARTLIGHT LIMITED (REGISTERED NUMBER: 04225812)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PARTLIGHT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: J Goldenberg
Y Reitzer





SECRETARY: Mrs E Goldenberg





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 04225812 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

PARTLIGHT LIMITED (REGISTERED NUMBER: 04225812)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 63 73
Investment property 5 170,000 170,000
170,063 170,073

CURRENT ASSETS
Debtors 6 10,530 12,034
Cash at bank 28,128 16,979
38,658 29,013
CREDITORS
Amounts falling due within one year 7 (75,087 ) (73,631 )
NET CURRENT LIABILITIES (36,429 ) (44,618 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,634

125,455

PROVISIONS FOR LIABILITIES (3,755 ) (3,755 )
NET ASSETS 129,879 121,700

CAPITAL AND RESERVES
Called up share capital 8 101 101
Revaluation reserve 9 20,383 20,383
Retained earnings 9 109,395 101,216
SHAREHOLDERS' FUNDS 129,879 121,700

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

PARTLIGHT LIMITED (REGISTERED NUMBER: 04225812)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 Board of Directors and authorised for issue on 4 February 2025 and were signed on its behalf by:





J Goldenberg - Director


PARTLIGHT LIMITED (REGISTERED NUMBER: 04225812)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Partlight 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
The directors have valued the investment property held by the company at its open market price as at the balance sheet date.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2023 - NIL).

PARTLIGHT LIMITED (REGISTERED NUMBER: 04225812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023
and 31 May 2024 2,279
DEPRECIATION
At 1 June 2023 2,206
Charge for year 10
At 31 May 2024 2,216
NET BOOK VALUE
At 31 May 2024 63
At 31 May 2023 73

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 170,000
NET BOOK VALUE
At 31 May 2024 170,000
At 31 May 2023 170,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2016 4,376
Valuation in 2020 19,761
Valuation in 2022 145,863
170,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors - 1,504
Other debtors 10,530 10,530
10,530 12,034

PARTLIGHT LIMITED (REGISTERED NUMBER: 04225812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 1,921 496
Other creditors 73,166 73,135
75,087 73,631

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
101 Ordinary 1 101 101

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 June 2023 101,216 20,383 121,599
Profit for the year 8,179 8,179
At 31 May 2024 109,395 20,383 129,778