Registration number:
Paola Investments Limited
for the Year Ended 31 March 2024
Paola Investments Limited
(Registration number: 12269137)
Balance Sheet as at 31 March 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
( |
( |
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Shareholders' deficit |
( |
( |
For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.
.........................................
Mr T Shah
Director
Paola Investments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
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Accounting policies |
Statutory information
Paola Investments Limited is a private company, limited by shares, domiciled in England and Wales, company number 12269137. The registered office is at 3 Cavendish Court, South Parade, Doncaster, DN1 2DJ.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
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Investments |
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2024 |
2023 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
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Cost or valuation |
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Additions |
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Provision |
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Carrying amount |
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At 31 March 2024 |
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At 31 March 2023 |
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Paola Investments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)
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3 |
Investments (continued) |
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2024 |
2023 |
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Subsidiary undertakings |
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Charter Place
Jersey |
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Charter Place
Jersey |
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Subsidiary undertakings |
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Paola Limited The principal activity of Paola Limited is |
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Comino Investments Limited The principal activity of Comino Investments Limited is |
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Debtors |
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Current |
2024 |
2023 |
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Other debtors |
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Paola Investments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)
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Creditors |
Creditors: amounts falling due within one year
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2024 |
2023 |
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Due within one year |
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Trade creditors |
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Accruals and deferred income |
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Other creditors |
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Related party transactions |
The company was under the control of the Nadeem Shah 2004 Family Settlement trust throughout the year.