REGISTERED NUMBER: 05812631 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 DECEMBER 2023 TO 31 DECEMBER 2024

FOR

PALMERS GREEN ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N Charalambous

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

05812631 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

49,357

9,421

CURRENT ASSETS

Debtors

5

27,444

52,187

Cash at bank

157,721

168,441

185,165

220,628

CREDITORS

Amounts falling due within one year

6

70,786

84,560

NET CURRENT ASSETS

114,379

136,068

TOTAL ASSETS LESS CURRENT LIABILITIES

163,736

145,489

CREDITORS

Amounts falling due after more than one year

7

(57,977

)

(14,890

)

PROVISIONS FOR LIABILITIES

(982

)

(982

)

NET ASSETS

104,777

129,617

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

104,677

129,517

SHAREHOLDERS' FUNDS

104,777

129,617

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 August 2025 and were signed by:

Mr N Charalambous - Director

1.	STATUTORY INFORMATION

Palmers Green Estates 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 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.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 December 2023

178,933

-

178,933

Additions

713

60,883

61,596

At 31 December 2024

179,646

60,883

240,529

DEPRECIATION

At 1 December 2023

169,512

-

169,512

Charge for period

6,439

15,221

21,660

At 31 December 2024

175,951

15,221

191,172

NET BOOK VALUE

At 31 December 2024

3,695

45,662

49,357

At 30 November 2023

9,421

-

9,421

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.11.23

£

£

Trade debtors

-

37,215

Other debtors

-

8,397

Directors' current accounts

20,000

-

Prepayments

7,444

6,575

27,444

52,187

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.11.23

£

£

Bank loans and overdrafts (see note 8)

10,000

10,000

Hire purchase contracts

7,439

-

Trade creditors

13,298

20,833

Tax

12,322

10,892

Social security and other taxes

5,685

4,486

Pension payable

421

264

VAT

19,101

14,770

Other creditors

-

17,019

Accrued expenses

2,520

6,296

70,786

84,560

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

30.11.23

£

£

Bank loans (see note 8)

4,057

14,890

Hire purchase contracts

53,920

-

57,977

14,890

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

4,057

14,890

8.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

30.11.23

£

£

Amounts falling due within one year or on demand:

Bank loans

10,000

10,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

4,057

14,890

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

30.11.23

value:

£

£

100

Ordinary

1

100

100

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The directors overdrawn current account was repaid within 9 months.