Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01falseNo description of principal activity44falsetruefalse 06630939 2023-07-01 2024-06-30 06630939 2022-07-01 2023-06-30 06630939 2024-06-30 06630939 2023-06-30 06630939 c:Director1 2023-07-01 2024-06-30 06630939 d:FurnitureFittings 2023-07-01 2024-06-30 06630939 d:FurnitureFittings 2024-06-30 06630939 d:FurnitureFittings 2023-06-30 06630939 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06630939 d:CurrentFinancialInstruments 2024-06-30 06630939 d:CurrentFinancialInstruments 2023-06-30 06630939 d:Non-currentFinancialInstruments 2024-06-30 06630939 d:Non-currentFinancialInstruments 2023-06-30 06630939 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 06630939 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 06630939 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 06630939 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 06630939 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 06630939 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 06630939 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 06630939 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 06630939 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-06-30 06630939 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-06-30 06630939 d:ShareCapital 2024-06-30 06630939 d:ShareCapital 2023-06-30 06630939 d:RetainedEarningsAccumulatedLosses 2024-06-30 06630939 d:RetainedEarningsAccumulatedLosses 2023-06-30 06630939 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 06630939 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 06630939 c:OrdinaryShareClass1 2023-07-01 2024-06-30 06630939 c:OrdinaryShareClass1 2024-06-30 06630939 c:OrdinaryShareClass1 2023-06-30 06630939 c:FRS102 2023-07-01 2024-06-30 06630939 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06630939 c:FullAccounts 2023-07-01 2024-06-30 06630939 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06630939 2 2023-07-01 2024-06-30 06630939 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 06630939









PAUL ALEXANDER LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
PAUL ALEXANDER LIMITED
REGISTERED NUMBER: 06630939

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,276
2,845

  
2,276
2,845

Current assets
  

Debtors: amounts falling due within one year
 5 
125,211
150,210

Cash at bank and in hand
 6 
109,184
138,810

  
234,395
289,020

Creditors: amounts falling due within one year
 7 
(75,621)
(103,091)

Net current assets
  
 
 
158,774
 
 
185,929

Total assets less current liabilities
  
161,050
188,774

Creditors: amounts falling due after more than one year
 8 
(31,921)
(54,593)

Provisions for liabilities
  

Deferred tax
 10 
(569)
(712)

  
 
 
(569)
 
 
(712)

Net assets
  
128,560
133,469


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
128,460
133,369

  
128,560
133,469


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
Page 1

 
PAUL ALEXANDER LIMITED
REGISTERED NUMBER: 06630939
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 February 2025.




Pavlos Aristidou
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
PAUL ALEXANDER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Paul Alexander Limited is a private company limited by share capital, incorporated in England and
Wales, registration number 06630939. The address of the registered office is 291 Green Lanes, Palmers
Green, London, N13 4XS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Rent Receipts
Rent received under the guaranteed rent scheme, in which the company operates is recognised over
the period in which the rent relates to.
Managing and letting on behalf of landlords
Property management services are recognised over the life of the contract on a straight-line basis.
Letting fees are recognised upon the signed tenancy being agreed.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
PAUL ALEXANDER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
PAUL ALEXANDER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
79,815
68,518

Social security costs
1,187
-

81,002
68,518


The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 5

 
PAUL ALEXANDER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 July 2023
9,520



At 30 June 2024

9,520



Depreciation


At 1 July 2023
6,675


Charge for the year on owned assets
569



At 30 June 2024

7,244



Net book value



At 30 June 2024
2,276



At 30 June 2023
2,845


5.


Debtors

2024
2023
£
£


Trade debtors
788
-

Other debtors
124,423
150,210

125,211
150,210



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
109,184
138,810

109,184
138,810


Page 6

 
PAUL ALEXANDER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
22,667
29,253

Trade creditors
3,770
20

Credit Card
5,043
-

Corporation tax
4,295
15,179

Other taxation and social security
1,476
916

Other creditors
35,370
54,723

Accruals and deferred income
3,000
3,000

75,621
103,091



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
31,921
54,593

31,921
54,593



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
22,667
29,253

Amounts falling due 1-2 years

Bank loans
6,179
22,666

Amounts falling due 2-5 years

Bank loans
19,490
19,005

Amounts falling due after more than 5 years

Bank loans
6,253
12,922

54,589
83,846


Page 7

 
PAUL ALEXANDER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Deferred taxation




2024


£






At beginning of year
(711)


Utilised in year
142



At end of year
(569)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(569)
(711)

(569)
(711)


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



12.


Related party transactions

Included within Other Debtors due within less than 1 year are loan amounts of £89,666 (2023: £89,734)
due from companies under common control. The loans are unsecured, free of interest and repayable on
demand.

 
Page 8