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REGISTERED NUMBER: 11357812 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

PALMIRA CAPITAL LIMITED

PALMIRA CAPITAL LIMITED (REGISTERED NUMBER: 11357812)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PALMIRA CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTOR: Ms P A Jaramillo Zuluaga





REGISTERED OFFICE: Colony
5 Piccadilly Place
Manchester
M1 3BR





REGISTERED NUMBER: 11357812 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

PALMIRA CAPITAL LIMITED (REGISTERED NUMBER: 11357812)

BALANCE SHEET
31ST MAY 2024

31.5.24 31.5.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 6,490 8,596
Investments 5 35,000 35,000
41,490 43,596

CURRENT ASSETS
Debtors 6 56,524 53,279
Cash at bank 4,022 26,083
60,546 79,362
CREDITORS
Amounts falling due within one year 7 61,245 102,101
NET CURRENT LIABILITIES (699 ) (22,739 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,791

20,857

CREDITORS
Amounts falling due after more than one
year

8

(24,396

)

(24,396

)

PROVISIONS FOR LIABILITIES - (1,633 )
NET ASSETS/(LIABILITIES) 16,395 (5,172 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 16,295 (5,272 )
SHAREHOLDERS' FUNDS 16,395 (5,172 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

PALMIRA CAPITAL LIMITED (REGISTERED NUMBER: 11357812)

BALANCE SHEET - continued
31ST MAY 2024


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 30th April 2025 and were signed by:





Ms P A Jaramillo Zuluaga - Director


PALMIRA CAPITAL LIMITED (REGISTERED NUMBER: 11357812)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024


1. STATUTORY INFORMATION

Palmira Capital 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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.

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 1 (2023 - 2 ) .

PALMIRA CAPITAL LIMITED (REGISTERED NUMBER: 11357812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st June 2023
and 31st May 2024 12,339 6,120 18,459
DEPRECIATION
At 1st June 2023 4,703 5,160 9,863
Charge for year 1,146 960 2,106
At 31st May 2024 5,849 6,120 11,969
NET BOOK VALUE
At 31st May 2024 6,490 - 6,490
At 31st May 2023 7,636 960 8,596

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st June 2023
and 31st May 2024 35,000
NET BOOK VALUE
At 31st May 2024 35,000
At 31st May 2023 35,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 3,606 960
Other debtors 52,918 52,319
56,524 53,279

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,000 10,000
Taxation and social security 13,064 19,862
Other creditors 38,181 72,239
61,245 102,101

PALMIRA CAPITAL LIMITED (REGISTERED NUMBER: 11357812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 24,396 24,396