Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2024 | 2023 | |||||
£ | £ | ||||||
Current assets | |||||||
Debtors | 3 | ||||||
Investments held as current assets | 4 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 5 | ( |
( |
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Net current assets | |||||||
Total assets less current liabilities | |||||||
Provisions for liabilities | ( |
( |
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Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Revaluation reserve | 6 | ||||||
Profit and loss account | ( |
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Shareholders' funds | |||||||
Ms S M Donovan | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the period from 1 March 2023 to |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Financial costs | ||||||||
Investments | ||||||||
Debtors | ||||||||
Creditors | ||||||||
Current and deferred taxation | ||||||||
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. |
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Foreign currency translation | ||||||||
Financial instruments | ||||||||
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Investments in non-derivative instruments that are equity to the issuer are measured: • at fair value with changes recognised in the Profit and loss account if the shares are publicly traded or their fair value can otherwise be measured reliably; • at cost less impairment for all other investments. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. |
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2 | Employees | 2024 | 2023 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Debtors | 2024 | 2023 | |||||
£ | £ | |||||||
Other debtors | ||||||||
4 | Investments held as current assets | 2024 | 2023 | |||||
£ | £ | |||||||
Fair value | ||||||||
Listed investments | 964,685 | 909,010 | ||||||
Increase/(decrease) in fair value included in the profit and loss account for the period | ||||||||
Listed investments | 61,509 | (82,275) | ||||||
5 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
£ | £ | |||||||
Other creditors | ||||||||
6 | Revaluation reserve | 2024 | 2023 | |||||
£ | £ | |||||||
At 1 March 2023 | ||||||||
Gain/(loss) on revaluation investments | ( |
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At 31 March 2024 | ||||||||
7 | Related party transactions | |||||||
At the balance sheet date a balance of £8,000 (2023 - £8,000) was due from a company in which a director has a controlling interest. |
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8 | Other information | |||||||
PACS (Bedmond) Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
10 Breakspear Place | ||||||||
Abbots Langley | ||||||||
Hertfordshire | ||||||||
WD5 0QF |