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Company Registration No. 14113398 (England and Wales)
ASK PADDINGTON LIMITED Unaudited accounts for the year ended 31 May 2024
ASK PADDINGTON LIMITED Unaudited accounts Contents
Page
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ASK PADDINGTON LIMITED Company Information for the year ended 31 May 2024
Directors
Kazab Aaron Kazab Sean
Company Number
14113398 (England and Wales)
Registered Office
1 PRINCES SQUARE LONDON W2 4NP ENGLAND
Accountants
Xeinadin 8th Floor, Becket House 36 Old Jewry London EC2R 8DD
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ASK PADDINGTON LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
3,335,113 
1,743,195 
Investments
107,229 
107,229 
3,442,342 
1,850,424 
Current assets
Debtors
506,806 
490,284 
Cash at bank and in hand
46,975 
- 
553,781 
490,284 
Creditors: amounts falling due within one year
(4,050,531)
(2,415,827)
Net current liabilities
(3,496,750)
(1,925,543)
Net liabilities
(54,408)
(75,119)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(54,410)
(75,121)
Shareholders' funds
(54,408)
(75,119)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by
Kazab Aaron Director Company Registration No. 14113398
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ASK PADDINGTON LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
ASK PADDINGTON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14113398. The registered office is 1 PRINCES SQUARE, LONDON, W2 4NP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Investments
Investments in subsidiaries are measured at cost less accumulated impairment.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one year in which case they are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment. Financial liabilities that are classified as payable within one year are subsequently measured at the undiscounted amount of the cash or other consideration expected to be paid. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously.
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ASK PADDINGTON LIMITED Notes to the Accounts for the year ended 31 May 2024
Deferred taxation
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
4
Investment property
2024 
£ 
Fair value at 1 June 2023
1,743,195 
Additions
1,591,918 
At 31 May 2024
3,335,113 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 June 2023
107,229 
Valuation at 31 May 2024
107,229 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
70,219 
50,417 
Amounts due from group undertakings etc.
409,538 
439,538 
Other debtors
- 
329 
479,757 
490,284 
Amounts falling due after more than one year
Trade debtors
27,049 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
165 
- 
Other creditors
4,047,966 
2,414,627 
Accruals
2,400 
1,200 
4,050,531 
2,415,827 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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