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REGISTERED NUMBER: 01892420 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 September 2024

for

Pax Ardel Limited

Pax Ardel Limited (Registered number: 01892420)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pax Ardel Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: N G Axelrad
E J Axelrad





SECRETARY: J C Axelrad





REGISTERED OFFICE: Bank Farm
Congerstone Lane
Carlton
Nuneaton
Warwickshire
CV13 0BU





REGISTERED NUMBER: 01892420 (England and Wales)






Pax Ardel Limited (Registered number: 01892420)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 - 100

CURRENT ASSETS
Stocks 5,850 11,932
Debtors 5 31,293 10,578
Cash at bank 8,591 25,855
45,734 48,365
CREDITORS
Amounts falling due within one year 6 33,323 40,266
NET CURRENT ASSETS 12,411 8,099
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,411

8,199

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 12,311 8,099
SHAREHOLDERS' FUNDS 12,411 8,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Pax Ardel Limited (Registered number: 01892420)

Balance Sheet - continued
30 September 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 June 2025 and were signed on its behalf by:





N G Axelrad - Director


Pax Ardel Limited (Registered number: 01892420)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Pax Ardel 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 represents the total invoice value, excluding value added tax, of sales made during the year.

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

3. EMPLOYEES AND DIRECTORS

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

Pax Ardel Limited (Registered number: 01892420)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


4. FIXED ASSET INVESTMENTS
Investment
£   
COST
At 1 October 2023 100
Disposals (100 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 12,812 10,578
Other debtors 16,500 -
Corporation Tax 1,981 -
31,293 10,578

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 10,086 25,042
Corporation tax 357 -
VAT 20,466 13,046
Accruals and deferred income 2,414 2,178
33,323 40,266

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

Included in debtors is a balance with Pax Yarns Ltd which has common directors and Pax Ardel. The balance is interest free and payable on demand 2024:£16,500 (2023: £NIL).

9. ULTIMATE CONTROLLING PARENT

The company is a wholly owned subsidiary of Axe Ventures Limited which is incorporated in England and Wales.