| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 April 2023 to 30 March 2024 |
| for |
| Paul Stuart Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 April 2023 to 30 March 2024 |
| for |
| Paul Stuart Ltd |
| Paul Stuart Ltd (Registered number: 04429176) |
| Contents of the Financial Statements |
| for the Period 1 April 2023 to 30 March 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Paul Stuart Ltd |
| Company Information |
| for the Period 1 April 2023 to 30 March 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 9 Vermont Place |
| Milton Keynes |
| Buckinghamshire |
| MK15 8JA |
| Paul Stuart Ltd (Registered number: 04429176) |
| Balance Sheet |
| 30 March 2024 |
| 30.3.24 | 31.3.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Investments | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| Paul Stuart Ltd (Registered number: 04429176) |
| Balance Sheet - continued |
| 30 March 2024 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Paul Stuart Ltd (Registered number: 04429176) |
| Notes to the Financial Statements |
| for the Period 1 April 2023 to 30 March 2024 |
| 1. | STATUTORY INFORMATION |
| Paul Stuart Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 represents amounts receivable for rental income, goods sold and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised on an accruals basis over the period to which it relates. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. |
| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss. |
| Taxation |
| Taxation for the period 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 period 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. |
| Paul Stuart Ltd (Registered number: 04429176) |
| Notes to the Financial Statements - continued |
| for the Period 1 April 2023 to 30 March 2024 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2023 |
| Additions |
| At 30 March 2024 |
| NET BOOK VALUE |
| At 30 March 2024 |
| At 31 March 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.3.24 | 31.3.23 |
| £ | £ |
| Other debtors |
| 6. | CURRENT ASSET INVESTMENTS |
| 30.3.24 | 31.3.23 |
| £ | £ |
| Unlisted investments | 2 | 2 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.3.24 | 31.3.23 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.3.24 | 31.3.23 |
| £ | £ |
| Bank loans |
| Paul Stuart Ltd (Registered number: 04429176) |
| Notes to the Financial Statements - continued |
| for the Period 1 April 2023 to 30 March 2024 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.3.24 | 31.3.23 |
| £ | £ |
| Bank loans |
| The bank loans totalling £4,073,287 (2023 £3,417,132) are secured by legal charges on the investment property held by the company. |
| The bank loans totalling £289,524 (2023 £289,527) are secured by legal charges on a property held in stock by the company. |
| The bank loans totalling £nil (2023 £4,430) are secured by legal charges on a property held in stock by the company. |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.3.24 | 31.3.23 |
| value: | £ | £ |
| Ordinary | £1 | 2 | 2 |