PADS Group Ltd 13326687 false 2023-05-01 2024-02-29 2024-02-29 The principal activity of the company is buying and selling of own real estate. Digita Accounts Production Advanced 6.30.9574.0 true 13326687 2023-05-01 2024-02-29 13326687 2024-02-29 13326687 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 13326687 bus:SmallEntities 2023-05-01 2024-02-29 13326687 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-02-29 13326687 bus:FilletedAccounts 2023-05-01 2024-02-29 13326687 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-02-29 13326687 bus:RegisteredOffice 2023-05-01 2024-02-29 13326687 bus:Director2 2023-05-01 2024-02-29 13326687 bus:Director3 2023-05-01 2024-02-29 13326687 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-02-29 13326687 countries:EnglandWales 2023-05-01 2024-02-29 13326687 2023-04-30 13326687 2022-05-01 2023-04-30 13326687 2023-04-30 13326687 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 13326687

PADS Group Ltd

Unaudited Filleted Financial Statements

for the Period from 1 May 2023 to 29 February 2024

 

PADS Group Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 5

 

PADS Group Ltd

Company Information

Directors

AJ Shkambi

T Scarth

Registered office

Suite A4
Skylon Court Coldnose Road
Rotherwas
Hereford
HR2 6JS

Accountants

Boon and Worth Limited
Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS

 

PADS Group Ltd

(Registration number: 13326687)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

9,321

9,321

Current assets

 

Cash at bank and in hand

 

85,376

6,420

Creditors: Amounts falling due within one year

5

(97,985)

(17,621)

Net current liabilities

 

(12,609)

(11,201)

Net liabilities

 

(3,288)

(1,880)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(3,388)

(1,980)

Shareholders' deficit

 

(3,288)

(1,880)

 

PADS Group Ltd

(Registration number: 13326687)
Balance Sheet as at 29 February 2024

For the financial period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 February 2025 and signed on its behalf by:
 

.........................................
AJ Shkambi
Director

.........................................
T Scarth
Director

 

PADS Group Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite A4
Skylon Court Coldnose Road
Rotherwas
Hereford
HR2 6JS
England

These financial statements were authorised for issue by the Board on 19 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction
over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

PADS Group Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 29 February 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

4

Investment properties

2024
£

At 1 May

9,321

At 29 February

9,321

There has been no valuation of investment property by an independent valuer.

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

2,820

900

Other creditors

95,165

16,721

97,985

17,621