Company Registration No. 10622221 (England and Wales)
Pitch@Palace Global Limited
Unaudited accounts
for the year ended 31 March 2025
Pitch@Palace Global Limited
Unaudited accounts
Contents
Pitch@Palace Global Limited
Company Information
for the year ended 31 March 2025
Director
Arthur John Lancaster
Company Number
10622221 (England and Wales)
Registered Office
118 Pall Mall
London
SW1Y 5EA
United Kingdom
Pitch@Palace Global Limited
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
10,965
220,990
Creditors: amounts falling due within one year
(9,231)
(2,000)
Net current assets
12,247
257,286
Called up share capital
1
1
Profit and loss account
12,246
257,285
Shareholders' funds
12,247
257,286
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 November 2025 and were signed on its behalf by
Arthur John Lancaster
Director
Company Registration No. 10622221
Pitch@Palace Global Limited
Notes to the Accounts
for the year ended 31 March 2025
Pitch@Palace Global Limited is a private company, limited by shares, registered in England and Wales, registration number 10622221. The registered office is 118 Pall Mall, London, SW1Y 5EA, United Kingdom. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
EXEMPTION FROM PREPARING CONSOLIDATED FINANCIAL STATEMENTS
The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
The accounts are presented in £ sterling.
The director has adopted the break-up basis of accounting in preparing these financial statements, on the understanding that the company will be wound up within the next 12 months.
Tangible fixed assets and depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Computer equipment - 33%
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognized in profit or loss.
Investments in subsidiaries are measured at cost less accumulated impairment.
Pitch@Palace Global Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).