Pallindrome Limited - Period Ending 2025-03-31

Registration number: 09928584

Pallindrome Limited

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 March 2025

Pallindrome Limited

(Registration number: 09928584)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Current assets
Cash at bank and in hand		37,051	50,724
Creditors: Amounts falling due within one year	4	(14,696)	(21,585)
Total assets less current liabilities		22,355	29,139
Creditors: Amounts falling due after more than one year	4	(29,780)	(35,744)
Net liabilities		(7,425)	(6,605)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(7,525)	(6,705)
Shareholders' deficit		(7,425)	(6,605)

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 3 November 2025

.........................................
Mr R L Wicks
Director

Pallindrome Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. United Kingdom.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Pallindrome Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Bank loans and overdrafts	5	6,000	6,000
Accruals and deferred income		458	457
Other creditors		8,238	15,128
		14,696	21,585

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Loans and borrowings	5	29,780	35,744

5	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £

Bank borrowings	29,780	35,744

Current loans and borrowings

	2025 £	2024 £

Bank borrowings	6,000	6,000

6	Related party transactions

Summary of transactions with other related parties

As at the year end R L Wicks was owed £8,238 by the company (2024 £15,128).