PALLAS LIMITED

Company Registration Number:
SC619460 (Scotland)

Unaudited statutory accounts for the year ended 31 January 2025

Period of accounts

Start date: 01 February 2024

End date: 31 January 2025

PALLAS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2025

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

PALLAS LIMITED

Company Information

for the Period Ended 31 January 2025




Director: Michael McGettrick
Jasmine Samuel
Secretary: Jasmine Samuel
Registered office: 1/2 63
Lauderdale Gardens
Glasgow
GBR
G12 9QU
Company Registration Number: SC619460 (Scotland)

PALLAS LIMITED

Directors' Report Period Ended 31 January 2025

The directors present their report with the financial statements of the company for the period ended 31 January 2025

Directors

The directors shown below have held office during the whole of the period from 01 February 2024 to 31 January 2025
Michael McGettrick
Jasmine Samuel

Secretary
Jasmine Samuel

This report was approved by the board of directors on 5 March 2025
And Signed On Behalf Of The Board By:

Name: Jasmine Samuel
Status: Director

PALLAS LIMITED

Balance sheet

As at 31 January 2025


Notes

2025
£

2024
£
Fixed assets
Tangible assets: 4 393,000 393,000
Total fixed assets: 393,000 393,000
Current assets
Cash at bank and in hand: 3,262 1,513
Total current assets: 3,262 1,513
Net current assets (liabilities): 3,262 1,513
Total assets less current liabilities: 396,262 394,513
Creditors: amounts falling due after more than one year: 5 ( 416,067 ) ( 422,329 )
Total net assets (liabilities): ( 19,805 ) ( 27,816 )

The notes form part of these financial statements

PALLAS LIMITED

Balance sheet continued

As at 31 January 2025


Notes

2025
£

2024
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: ( 19,807 ) ( 27,818 )
Shareholders funds: ( 19,805 ) ( 27,816 )

For the year ending 31 January 2025 the company was entitled to exemption 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.

This report was approved by the board of directors on 5 March 2025
And Signed On Behalf Of The Board By:

Name: Jasmine Samuel
Status: Director

The notes form part of these financial statements

PALLAS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PALLAS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 2. Employees


    2025

    2024
    Average number of employees during the period 2 2

PALLAS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 3. Off balance sheet disclosure

    No

PALLAS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

4. Tangible assets

Land & buildings Total
Cost £ £
At 01 February 2024 393,000 393,000
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 January 2025 393,000 393,000
Depreciation
At 01 February 2024 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 31 January 2025 - -
Net book value
At 31 January 2025 393,000 393,000
At 31 January 2024 393,000 393,000

PALLAS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

5.Creditors: amounts falling due after more than one year


2025
£

2024
£
Bank loans and overdrafts 259,580 267,000
Other creditors 156,487 155,329
Total 416,067 422,329