Company Registration No. 08897360 (England and Wales)
Passburg Partners Limited
Unaudited accounts
for the year ended 31 March 2025
Passburg Partners Limited
Unaudited accounts
Contents
Passburg Partners Limited
Company Information
for the year ended 31 March 2025
Director
Alexander Gezelius
Company Number
08897360 (England and Wales)
Registered Office
Building 6
30 Friern Park
London
N12 9DA
Passburg Partners Limited
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
960
62,892
Creditors: amounts falling due within one year
(30,020)
(20,714)
Net current assets
70,440
133,178
Called up share capital
10
10
Profit and loss account
78,186
141,089
Shareholders' funds
78,196
141,099
For the year ending 31 March 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 June 2025 and were signed on its behalf by
Alexander Gezelius
Director
Company Registration No. 08897360
Passburg Partners Limited
Notes to the Accounts
for the year ended 31 March 2025
Passburg Partners Limited is a private company, limited by shares, registered in England and Wales, registration number 08897360. The registered office is Building 6, 30 Friern Park, London, N12 9DA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investments in shares are included at fair value.
4
Investments
Other investments
Valuation at 1 April 2024
7,921
Fair value adjustments
(165)
Valuation at 31 March 2025
7,756
As at 31 March 2025, Passburg Partners Limited held an investment in unlisted equity shares of Apply Stickers Inc, a US company, valued at USD 10,000 (GBP 7,756). The investment was purchased on 1 November 2022 for GBP 8,659, and an unrealised foreign exchange loss of GBP 165 was recognised for the year ended 31 March 2025. The cumulative unrealised foreign exchange loss since purchase is GBP 903.
Amounts falling due within one year
Trade debtors
97,000
88,500
Accrued income and prepayments
2,500
2,500
Passburg Partners Limited
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
2,049
3,183
Loans from directors
10,335
2,038
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).