Company registration number 09713957 (England and Wales)
PAS REAL ESTATE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
PAS REAL ESTATE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
PAS REAL ESTATE LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
526,720
201,870
Current assets
Debtors
4
141,657
-
0
Cash at bank and in hand
178,642
597,153
320,299
597,153
Creditors: amounts falling due within one year
5
(2,981)
(2,406)
Net current assets
317,318
594,747
Net assets
844,038
796,617
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
844,036
796,615
Total equity
844,038
796,617

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 14 March 2025 and are signed on its behalf by:
Mr P W Huntley
Director
Company Registration No. 09713957
PAS REAL ESTATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information

PAS Real Estate Limited is a private company limited by shares incorporated in England and Wales. The registered office is 9 Trinity Church Road, Barnes, London, United Kingdom, SW13 8ET.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Investments held as fixed assets are shown at fair value.

1.3
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

PAS REAL ESTATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
PAS REAL ESTATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
3
Fixed asset investments
2024
2023
£
£
Other investments other than loans
526,720
201,870
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 September 2023
201,870
Additions
292,200
Valuation changes
32,650
At 31 August 2024
526,720
Carrying amount
At 31 August 2024
526,720
At 31 August 2023
201,870
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
141,657
-
0
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
1,000
-
0
Other creditors
1,981
2,406
2,981
2,406
6
Related party transactions

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due to related parties
£
£
Key management personnel
-
461

Loans from directors are unsecured, interest free with no fixed terms of repayment

PAS REAL ESTATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
6
Related party transactions
(Continued)
- 5 -

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due from related parties
£
£
Key management personnel
141,196
-
2024-08-312023-09-01falsefalsefalse14 March 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityMr P W HuntleyMrs A E Huntley097139572023-09-012024-08-31097139572024-08-31097139572023-08-3109713957core:CurrentFinancialInstrumentscore:WithinOneYear2024-08-3109713957core:CurrentFinancialInstrumentscore:WithinOneYear2023-08-3109713957core:CurrentFinancialInstruments2024-08-3109713957core:CurrentFinancialInstruments2023-08-3109713957core:ShareCapital2024-08-3109713957core:ShareCapital2023-08-3109713957core:RetainedEarningsAccumulatedLosses2024-08-3109713957core:RetainedEarningsAccumulatedLosses2023-08-3109713957bus:Director12023-09-012024-08-31097139572022-09-012023-08-3109713957core:WithinOneYear2024-08-3109713957core:WithinOneYear2023-08-3109713957bus:PrivateLimitedCompanyLtd2023-09-012024-08-3109713957bus:SmallCompaniesRegimeForAccounts2023-09-012024-08-3109713957bus:FRS1022023-09-012024-08-3109713957bus:AuditExemptWithAccountantsReport2023-09-012024-08-3109713957bus:Director22023-09-012024-08-3109713957bus:FullAccounts2023-09-012024-08-31xbrli:purexbrli:sharesiso4217:GBP