REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 June 2024 |
for |
PADDINGTON REAL ESTATE LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 June 2024 |
for |
PADDINGTON REAL ESTATE LIMITED |
PADDINGTON REAL ESTATE LIMITED (REGISTERED NUMBER: 06831041) |
Contents of the Financial Statements |
for the year ended 30 June 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
PADDINGTON REAL ESTATE LIMITED |
Company Information |
for the year ended 30 June 2024 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
Aissela |
46 High Street |
Esher |
Surrey |
KT10 9QY |
PADDINGTON REAL ESTATE LIMITED (REGISTERED NUMBER: 06831041) |
Balance Sheet |
30 June 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Debtors | 5 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 6 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
7 |
Net assets |
Capital and reserves |
Called up share capital | 8 |
Fair value reserve | 9 |
Retained earnings | 9 | ( |
) | ( |
) |
Shareholders' funds |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
PADDINGTON REAL ESTATE LIMITED (REGISTERED NUMBER: 06831041) |
Notes to the Financial Statements |
for the year ended 30 June 2024 |
1. | Statutory information |
Paddington Real Estate Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Financial instruments |
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. |
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts. |
Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
3. | Employees and directors |
The average number of employees during the year was NIL (2023 - NIL). |
4. | Tangible fixed assets |
Investment | Plant and |
properties | machinery | Totals |
£ | £ | £ |
Cost or valuation |
At 1 July 2023 |
and 30 June 2024 |
Depreciation |
At 1 July 2023 |
and 30 June 2024 |
Net book value |
At 30 June 2024 |
At 30 June 2023 |
PADDINGTON REAL ESTATE LIMITED (REGISTERED NUMBER: 06831041) |
Notes to the Financial Statements - continued |
for the year ended 30 June 2024 |
4. | Tangible fixed assets - continued |
Cost or valuation at 30 June 2024 is represented by: |
Investment | Plant and |
properties | machinery | Totals |
£ | £ | £ |
Valuation in 2019 | 241,088 | - | 241,088 |
Valuation in 2022 | 393,105 | - | 393,105 |
Cost | 367,097 | 280 | 367,377 |
1,001,290 | 280 | 1,001,570 |
5. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade debtors |
Prepayments and accrued income |
6. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Other creditors |
Directors' current accounts | 122,391 | 72,391 |
Accrued expenses |
7. | Creditors: amounts falling due after more than one year |
2024 | 2023 |
£ | £ |
Bank loans - 1-2 years |
8. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
9. | Reserves |
Retained | Fair value |
earnings | reserve | Totals |
£ | £ | £ |
At 1 July 2023 | ( |
) | 619,718 |
Deficit for the year | ( |
) | ( |
) |
At 30 June 2024 | ( |
) | 590,269 |