REGISTERED NUMBER: 09918205 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Padda & Gill Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Rachpal Singh Gill

Mr Makhan Singh

REGISTERED OFFICE:

Sterling Accounting Services

Bridge House

9-13, Holbrook Lane

Coventry

CV6 4AD

REGISTERED NUMBER:

09918205 (England and Wales)

ACCOUNTANTS:

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

FIXED ASSETS

Property, plant and equipment

4

745,747

745,747

CURRENT ASSETS

Debtors

5

16,804

16,804

Cash at bank and in hand

137,963

113,828

154,767

130,632

CREDITORS

Amounts falling due within one year

6

47,981

40,250

NET CURRENT ASSETS

106,786

90,382

TOTAL ASSETS LESS CURRENT LIABILITIES

852,533

836,129

CREDITORS

Amounts falling due after more than one year

7

741,949

769,715

NET ASSETS

110,584

66,414

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

110,484

66,314

SHAREHOLDERS' FUNDS

110,584

66,414

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 29 September 2025 and were signed on its behalf by:

Mr Makhan Singh - Director

1.	STATUTORY INFORMATION

Padda & Gill 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Land and

buildings

£

COST

At 1 January 2024

and 31 December 2024

745,747

NET BOOK VALUE

At 31 December 2024

745,747

At 31 December 2023

745,747

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

16,804

16,804

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Taxation and social security

10,823

4,092

Other creditors

37,158

36,158

47,981

40,250

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

487,259

515,025

Other creditors

254,690

254,690

741,949

769,715

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

The company is controlled by M S Padda. Details of M S Padda's interests in the company's share capital are set out in the director's report.

M S Padda is also a shareholder and director of Vicarage Nurseries Limited. An amount of £9,854 (2022 : £9,854) was receivable at the year end.