REGISTERED NUMBER: 11303933 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PADMANOR DIGITAL INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

O A Burge

S J Davies

R M Davies

H L Lakin

REGISTERED OFFICE:

Filwood Green Business Park

1 Filwood Park Lane

Bristol

BS4 1ET

REGISTERED NUMBER:

11303933 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP

16 Davy Court

Castle Mound Way

Rugby, CV23 0UZ

Magma Audit LLP is part

Of the Dains Group

FIXED ASSETS

Investments

4

1,157,599

1,155,574

CURRENT ASSETS

Debtors

5

70

1,070

Cash at bank

2,985

5,491

3,055

6,561

CREDITORS

Amounts falling due within one year

6

(800,057

)

(795,552

)

NET CURRENT LIABILITIES

(797,002

)

(788,991

)

TOTAL ASSETS LESS CURRENT LIABILITIES

360,597

366,583

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

360,497

366,483

360,597

366,583

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

S J Davies - Director

1.	STATUTORY INFORMATION

Padmanor Digital Investments Limited is a limited company, registered in England and Wales. Its registered office address is Filwood Green Business Park, 1 Filwood Park Lane, Bristol, BS4 1ET and the registered number is 11303933.

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.

The presentation currency of the financial statements is Pounds Sterling (£) and the figures are rounded to the nearest £1.

Going concern

At the year end the company has net current liabilities of £797,002 (2023: £788,991) and net assets of £360,597 (2023: £366,583). The directors have reviewed the financial projections and working capital requirements of the company for 12 months from the date these financial statements are approved and are satisfied that the company can meet its liabilities as they fall due. The directors have also received confirmation in respect of a loan of £794,332 (2023: £569,693) due to a company under common control, that the loan will not be called in until the company has sufficient resources to repay it.Therefore it is considered appropriate to prepare the company's financial statements on a going concern basis.

Fixed asset investment income

Income from Limited Liability Partnerships is recognised when profits are allocated for discretionary division to members.

Income from Limited Partnerships is recognised as the profits are generated.

Fixed asset investments

Fixed asset investments are stated at cost less provision for diminution in value.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using 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 4 (2023 - 4 ) .

4.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 January 2024

1,155,574

Additions

2,025

At 31 December 2024

1,157,599

NET BOOK VALUE

At 31 December 2024

1,157,599

At 31 December 2023

1,155,574

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Other debtors

70

1,070

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Trade creditors

-

6,000

Taxation and social security

-

214,359

Other creditors

800,057

575,193

800,057

795,552

7.	RELATED PARTY DISCLOSURES

At the year end the company owed £794,332 (2023: £569,693) to Padmanor Investments Limited, which is a company under common control.

8.	ULTIMATE CONTROLLING PARTY

There is no controlling party due to there being no party with a majority shareholding which can operate significant control over the group.