Registered number
15170355
PACIFIC REALTY LTD
Unaudited Report and Accounts
30 September 2024
PACIFIC REALTY LTD
Report and accounts
Contents
Page
Company information 1
Director's report 2
Accountants' report 3
Profit and loss account 4
Balance sheet 5
Statement of changes in equity 6
Notes to the accounts 7
PACIFIC REALTY LTD
Company Information
Director
Syed Toseef Ali - appointed 23 September 2023
Accountants
Baloch Associates Ltd
38 Corbidge Court
Glaisher Street
London
SE8 3ES
Bankers
HSBC Bank UK Plc
Registered office
7 Joshua Close
Coventry
CV4 9DB
Registered number
15170355
PACIFIC REALTY LTD
Registered number: 15170355
Director's Report
The director presents his report and accounts for the period ended 30 September 2024.
Principal activities
The company's principal activity during the year continued to be buying and selling of own real estate.
Directors
The following persons served as directors during the period:
Syed Toseef Ali - appointed 23 September 2023
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 26 June 2025 and signed on its behalf.
Syed Toseef Ali
Director
PACIFIC REALTY LTD
Accountants' Report
Accountants' report to the director of
PACIFIC REALTY LTD
You consider that the company is exempt from an audit for the period ended 30 September 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial period and of its profit or loss for the financial period.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Baloch Associates Ltd
Financial Accountants
38 Corbidge Court
Glaisher Street
London
SE8 3ES
26 June 2025
PACIFIC REALTY LTD
Profit and Loss Account
for the period from 27 September 2023 to 30 September 2024
2024
£
Administrative expenses (26,645)
Other operating income 86
Operating loss (26,559)
Interest receivable 1
Loss before taxation (26,558)
Tax on loss -
Loss for the period (26,558)
PACIFIC REALTY LTD
Registered number: 15170355
Balance Sheet
as at 30 September 2024
Notes 2024
£
Fixed assets
Tangible assets 3 1,570,989
Current assets
Debtors 4 1,243
Cash at bank and in hand 9,375
10,618
Creditors: amounts falling due within one year 5 (179)
Net current assets 10,439
Total assets less current liabilities 1,581,428
Creditors: amounts falling due after more than one year 6 (1,607,985)
Net liabilities (26,557)
Capital and reserves
Called up share capital 1
Profit and loss account (26,558)
Shareholder's funds (26,557)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Syed Toseef Ali
Director
Approved by the board on 26 June 2025
PACIFIC REALTY LTD
Statement of Changes in Equity
for the period from 27 September 2023 to 30 September 2024
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 27 September 2023 - - - - -
Loss for the period (26,558) (26,558)
Shares issued 1 - 1
At 30 September 2024 1 - - (26,558) (26,557)
PACIFIC REALTY LTD
Notes to the Accounts
for the period from 27 September 2023 to 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings No depreciation charged during the year
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 1,570,989
At 30 September 2024 1,570,989
Depreciation
At 30 September 2024 -
Net book value
At 30 September 2024 1,570,989
4 Debtors 2024
£
Other debtors 1,243
5 Creditors: amounts falling due within one year 2024
£
Taxation and social security costs (493)
Other creditors 672
179
6 Creditors: amounts falling due after one year 2024
£
Other creditors 1,607,985
7 Other information
PACIFIC REALTY LTD is a private company limited by shares and incorporated in England. Its registered office is:
7 Joshua Close
Coventry
CV4 9DB
PACIFIC REALTY LTD 15170355 false 2023-09-27 2024-09-30 2024-09-30 VT Final Accounts April 2025 Syed Toseef Ali 15170355 2023-09-27 2024-09-30 15170355 bus:PrivateLimitedCompanyLtd 2023-09-27 2024-09-30 15170355 bus:AuditExemptWithAccountantsReport 2023-09-27 2024-09-30 15170355 bus:Director1 2023-09-27 2024-09-30 15170355 bus:Director40 2023-09-27 2024-09-30 15170355 core:RetainedEarningsAccumulatedLosses 2023-09-27 2024-09-30 15170355 core:ShareCapital 2023-09-27 2024-09-30 15170355 core:SharePremium 2023-09-27 2024-09-30 15170355 1 2023-09-27 2024-09-30 15170355 2 2023-09-27 2024-09-30 15170355 countries:England 2023-09-27 2024-09-30 15170355 bus:FRS102 2023-09-27 2024-09-30 15170355 bus:FullAccounts 2023-09-27 2024-09-30 15170355 2024-09-30 15170355 core:WithinOneYear 2024-09-30 15170355 core:AfterOneYear 2024-09-30 15170355 core:ShareCapital 2024-09-30 15170355 core:RetainedEarningsAccumulatedLosses 2024-09-30 15170355 core:SharePremium 2024-09-30 15170355 core:OtherReservesSubtotal 2024-09-30 15170355 2023-09-26 15170355 core:ShareCapital 2023-09-26 15170355 core:SharePremium 2023-09-26 15170355 core:OtherReservesSubtotal 2023-09-26 15170355 core:RetainedEarningsAccumulatedLosses 2023-09-26 iso4217:GBP xbrli:pure