Acorah Software Products - Accounts Production 16.3.350 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 06900699 Mr ADE FABUNMI-STONE Mr THEO FABUNMI-STONE Mrs PAULINE FABUNMI-STONE Ms CHARLENE FABUNMI-STONE Mr BRYCE FABUNMI-STONE Mrs MAXINE DEACON iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06900699 2023-05-31 06900699 2024-05-31 06900699 2023-06-01 2024-05-31 06900699 frs-core:CurrentFinancialInstruments 2024-05-31 06900699 frs-core:Non-currentFinancialInstruments 2024-05-31 06900699 frs-core:ComputerEquipment 2024-05-31 06900699 frs-core:ComputerEquipment 2023-06-01 2024-05-31 06900699 frs-core:ComputerEquipment 2023-05-31 06900699 frs-core:ShareCapital 2024-05-31 06900699 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 06900699 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06900699 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 06900699 frs-bus:SmallEntities 2023-06-01 2024-05-31 06900699 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06900699 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 06900699 frs-bus:Director1 2023-06-01 2024-05-31 06900699 frs-bus:Director2 2023-06-01 2024-05-31 06900699 frs-bus:Director3 2023-06-01 2024-05-31 06900699 frs-bus:Director4 2023-06-01 2024-05-31 06900699 frs-bus:Director5 2023-06-01 2024-05-31 06900699 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 06900699 frs-countries:EnglandWales 2023-06-01 2024-05-31 06900699 2022-05-31 06900699 2023-05-31 06900699 2022-06-01 2023-05-31 06900699 frs-core:CurrentFinancialInstruments 2023-05-31 06900699 frs-core:Non-currentFinancialInstruments 2023-05-31 06900699 frs-core:ShareCapital 2023-05-31 06900699 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 06900699
PAJE LIMITED
Unaudited Financial Statements
For The Year Ended 31 May 2024
Proaccounts UK
Unit M302, 89 Bickersteth Road
Tooting
LONDON
SW17 9SH
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 06900699
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 136 169
Investment Properties 5 5,315,986 5,315,986
5,316,122 5,316,155
CURRENT ASSETS
Debtors 6 55,030 55,222
Cash at bank and in hand 36,673 100,122
91,703 155,344
Creditors: Amounts Falling Due Within One Year 7 (5,410,780 ) (5,480,166 )
NET CURRENT ASSETS (LIABILITIES) (5,319,077 ) (5,324,822 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,955 ) (8,667 )
Creditors: Amounts Falling Due After More Than One Year 8 (33,107 ) (38,143 )
NET LIABILITIES (36,062 ) (46,810 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (36,063 ) (46,811 )
SHAREHOLDERS' FUNDS (36,062) (46,810)
For the year ending 31 May 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr ADE FABUNMI-STONE
Director
24/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
PAJE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 06900699 . The registered office is 215b Top Floor 215 Lower Addiscombe Road, Croydon, Surrey, CR0 6RB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 20% Reducing balance
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Sales, marketing and distribution 2 2
3 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 809
As at 31 May 2024 809
Depreciation
As at 1 June 2023 640
Provided during the period 33
As at 31 May 2024 673
Net Book Value
As at 31 May 2024 136
As at 1 June 2023 169
5. Investment Property
2024
£
Fair Value
As at 1 June 2023 and 31 May 2024 5,315,986
Page 2
Page 3
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 192
Other debtors 55,030 55,030
55,030 55,222
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 3,597,207 3,597,207
Other taxes and social security 50 -
Other creditors 1,813,523 1,882,959
5,410,780 5,480,166
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 33,107 38,143
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3