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REGISTERED NUMBER: 02721884 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Pasuda Buildings Limited

Pasuda Buildings Limited (Registered number: 02721884)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pasuda Buildings Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr Gordon Jones



REGISTERED OFFICE: The Old Airfield
Belton Road
Sandtoft
Doncaster
South Yorkshire
DN8 5SX



BUSINESS ADDRESS: Pasuda House
Highfield Lane
Orgreave
Sheffield
South Yorkshire
S13 9NA



REGISTERED NUMBER: 02721884 (England and Wales)



INDEPENDENT AUDITORS: Landin Wilcock & Co
Statutory Auditor
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: Handelsbanken
7th Floor
3 St Pauls Place
129 Norfolk Street
Sheffield
South Yorkshire
S1 2JE

Pasuda Buildings Limited (Registered number: 02721884)

Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 35,056 46,658

CURRENT ASSETS
Stocks 239,797 330,225
Debtors 5 881,144 2,773,893
Cash at bank and in hand 115,974 148,475
1,236,915 3,252,593
CREDITORS
Amounts falling due within one year 6 (217,388 ) (870,188 )
NET CURRENT ASSETS 1,019,527 2,382,405
TOTAL ASSETS LESS CURRENT LIABILITIES 1,054,583 2,429,063

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,054,483 2,428,963
1,054,583 2,429,063

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 March 2025 and were signed by:





Mr Gordon Jones - Director


Pasuda Buildings Limited (Registered number: 02721884)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Pasuda Buildings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

On or before 30 June 2025, the company is to transfer its trade, assets and liabilities to a fellow subsidiary company and ceased to trade.

As required by the Financial Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006, the directors have prepared the financial statements on the basis that the company is no longer a going concern.

No material adjustments arise as a result of the ceasing to apply the going concern basis. All assets are to be transferred to the fellow subsidiary at their net book value or market value.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the sale of goods represents the manufacture and sale of site cabins and related equipment. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Pasuda Buildings Limited (Registered number: 02721884)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - 6.67% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical costs include expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively, if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
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.

Pasuda Buildings Limited (Registered number: 02721884)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023 210,114 73,052 25,838 17,000 326,004
Additions 1,666 158 2,641 - 4,465
Disposals (47,778 ) (21,689 ) (9,226 ) (17,000 ) (95,693 )
At 30 June 2024 164,002 51,521 19,253 - 234,776
DEPRECIATION
At 1 July 2023 199,114 44,072 20,931 15,229 279,346
Charge for year 1,000 9,636 2,514 1,771 14,921
Eliminated on disposal (47,778 ) (20,543 ) (9,226 ) (17,000 ) (94,547 )
At 30 June 2024 152,336 33,165 14,219 - 199,720
NET BOOK VALUE
At 30 June 2024 11,666 18,356 5,034 - 35,056
At 30 June 2023 11,000 28,980 4,907 1,771 46,658

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 136,619 625,779
Amounts owed by group undertakings 679,381 2,132,829
Other debtors 65,144 15,285
881,144 2,773,893

Pasuda Buildings Limited (Registered number: 02721884)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade creditors 116,367 686,424
Taxation and social security 49,816 131,891
Other creditors 51,205 51,873
217,388 870,188

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.


We draw your attention to Note 2 of the financial statements which explains that the trade and assets of the company are to be transferred to a fellow subsidiary on or before 30 June 2025.

We therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern, as described in Note 2.

Our opinion is not modified in respect of this matter.

Tom Henshaw (Senior Statutory Auditor)
for and on behalf of Landin Wilcock & Co

8. OTHER FINANCIAL COMMITMENTS

Amounts not provided for in the balance sheet

The total amount of guarantees not included in the balance sheet is £nil (2023 - £nil). The company has provided an intercompany cross guarantee in respect of the bank borrowings of Liberty Group Holdings Limited, Pasuda (Hire) Limited, Liberty Guard (UK) Limited, Don Valley Brewery Limited and Speakeasy Enterprises Limited.

9. RELATED PARTY DISCLOSURES

Summary of transactions with other related parties

The Pasuda Self Administered Pension Scheme: of which the company's director, Mr G Jones and his wife are the sole beneficiaries, owns the company's trading premises at Highfield Lane, Orgreave, Sheffield S13 9NA

During the year the company paid rent charges to the value of £38,400 (2023 - £38,400) in respect of the above property.
During the year the company issued sales amounting £nil (2023 - £nil)
At the balance sheet date the amount due from The Pasuda Self Administered Pension Scheme was £nil (2023 - £nil).

10. ULTIMATE CONTROLLING PARTY

The company's immediate parent is Liberty Group Holdings Limited, incorporated in England & Wales.

These financial statements are available upon request from The Old Airfield, Belton Road, Sandtoft, Doncaster DN8 5SX.

The ultimate controlling party is Mr Gordon Jones by virtue of his shareholding in the parent company.