PADDOCK GATE DEVELOPMENT LIMITED

Company Registration Number:
12226912 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

PADDOCK GATE DEVELOPMENT LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

PADDOCK GATE DEVELOPMENT LIMITED

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Principal activities of the company

Paddock Gate Development Limited is a private company limited by shares and incorporated in England. Its registered office is: 7 Bell Yard London WC2A 2JR The Principal activities of the company are:- 68100 - Buying and selling of own real estate 68209 - Other letting and operating of own or leased real estate



Directors

The director shown below has held office during the whole of the period from
1 October 2023 to 30 September 2024

NAEEM, Adam Mohammed


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 August 2025

And signed on behalf of the board by:
Name: NAEEM, Adam Mohammed
Status: Director

PADDOCK GATE DEVELOPMENT LIMITED

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 4,700,000 4,302,966
Investments:   0 0
Total fixed assets: 4,700,000 4,302,966
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 117 117
Investments:   0 0
Total current assets: 117 117
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 95,818 ) ( 94,070 )
Net current assets (liabilities): (95,701) (93,953)
Total assets less current liabilities: 4,604,299 4,209,013
Creditors: amounts falling due after more than one year: 5 ( 2,942,412 ) ( 2,942,412 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 1,661,887 1,266,601
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Other reserves: 1,355,909 958,875
Profit and loss account: 305,878 307,626
Total Shareholders' funds: 1,661,887 1,266,601

The notes form part of these financial statements

PADDOCK GATE DEVELOPMENT LIMITED

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 31 August 2025
and signed on behalf of the board by:

Name: NAEEM, Adam Mohammed
Status: Director

The notes form part of these financial statements

PADDOCK GATE DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 depreciation policy

    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 over 50 years Fixtures, fittings, tools and equipment over 5 years

    Other accounting policies

    Investments Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. 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 to past periods. A current tax asset is recognised in respect of a tax loss that can be carried back 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. Provisions Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. Pensions Contributions to defined contribution plans are expensed in the period to which they relate.

PADDOCK GATE DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

PADDOCK GATE DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 4,302,966 0 0 0 0 4,302,966
Additions 0 0 0 0 0 0
Disposals 0 0 0 0 0 0
Revaluations 397,034 0 0 0 0 397,034
Transfers 0 0 0 0 0 0
At 30 September 2024 4,700,000 0 0 0 0 4,700,000
Depreciation
At 1 October 2023 0 0 0 0 0 0
Charge for year 0 0 0 0 0 0
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 30 September 2024 0 0 0 0 0 0
Net book value
At 30 September 2024 4,700,000 0 0 0 0 4,700,000
At 30 September 2023 4,302,966 0 0 0 0 4,302,966

PADDOCK GATE DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 90,370 90,370
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 5,448 3,700
Total 95,818 94,070

PADDOCK GATE DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 2,942,412 2,942,412
Total 2,942,412 2,942,412