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REGISTERED NUMBER: 13642054 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Padparadscha Properties Ltd

Padparadscha Properties Ltd (Registered number: 13642054)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Padparadscha Properties Ltd

Company Information
for the year ended 31 October 2024







DIRECTORS: J French
Mrs P S Reeve





REGISTERED OFFICE: 30 Brunswick Road
Shoreham by Sea
West Sussex
BN43 5WB





REGISTERED NUMBER: 13642054 (England and Wales)





ACCOUNTANTS: Shearers
Accountants & Chartered Tax Advisers
30 Brunswick Road
Shoreham-by-Sea
West Sussex
BN43 5WB

Padparadscha Properties Ltd (Registered number: 13642054)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 942,756 942,756

CURRENT ASSETS
Debtors 5 15,000 17,266
Cash at bank 2,365 7,459
17,365 24,725
CREDITORS
Amounts falling due within one year 6 386,680 391,525
NET CURRENT LIABILITIES (369,315 ) (366,800 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

573,441

575,956

CREDITORS
Amounts falling due after more than one
year

7

550,741

562,084
NET ASSETS 22,700 13,872

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 22,698 13,870
22,700 13,872

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

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

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.

Padparadscha Properties Ltd (Registered number: 13642054)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 24 May 2025 and were signed on its behalf by:




J French - Director



Mrs P S Reeve - Director


Padparadscha Properties Ltd (Registered number: 13642054)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Padparadscha Properties Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 November 2023
and 31 October 2024 942,756
NET BOOK VALUE
At 31 October 2024 942,756
At 31 October 2023 942,756

Padparadscha Properties Ltd (Registered number: 13642054)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,000 16,500
Other debtors - 766
15,000 17,266

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 51,363 51,363
Trade creditors (1 ) (1 )
Taxation and social security 4,819 6,004
Other creditors 330,499 334,159
386,680 391,525

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 550,741 562,084

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 345,291 356,634

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 51,363 51,363
Bank loans > 1 year 550,741 562,084
602,104 613,447

HSBC UK Bank PLC hold a fixed and floating charge over all assets, including the property known as 9 & 10 Union Street, Brighton.