PAGE ASSET MANAGEMENT LIMITED
Statement of financial position
as at 30 June 2024
Investment property
700,000
700,000
Investments
907,996
847,996
Cash at bank and in hand
1,414
40,260
Creditors: amounts falling due within one year
(341,847)
(353,332)
Net current assets
811,672
779,513
Total assets less current liabilities
1,511,672
1,479,517
Creditors: amounts falling due after more than one year
(1,408,664)
(1,413,664)
Provisions for liabilities
Deferred tax
(3,980)
(3,980)
Called up share capital
1
1
Revaluation reserve
19,902
19,902
Profit and loss account
79,125
41,970
Shareholders' funds
99,028
61,873
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 23 March 2025 and were signed on its behalf by
Mr Gavriel Zeev NOE
Director
Company Registration No. 10826451
PAGE ASSET MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 30 June 2024
PAGE ASSET MANAGEMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10826451. The registered office is 85 BELL LANE, LONDON, NW4 2AS, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Tangible fixed assets
Computer equipment
Fair value at 1 July 2023
700,000
PAGE ASSET MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Other debtors
244,109
244,589
7
Investments held as current assets
2024
2023
Unlisted investments
907,996
847,996
8
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,549
1,549
Taxes and social security
12,523
9,670
Other creditors
128,203
173,915
Loans from directors
187,874
156,106
9
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
558,664
563,664
Amounts owed to group undertakings and other participating interests
850,000
850,000
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).