REGISTERED NUMBER: 05408129 (England and Wales)

Pytrad Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P.H. Yu

H.K. Yu

SECRETARY:

J.H.Q. Yu

REGISTERED OFFICE:

6A Court Close

Maidenhead

Berkshire

SL6 2DL

REGISTERED NUMBER:

05408129 (England and Wales)

ACCOUNTANTS:

Smailes Goldie Limited

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Tangible assets

4

673

372

Investment property

5

1,275,000

1,485,000

1,275,673

1,485,372

CURRENT ASSETS

Debtors

6

5,112

4,946

Cash at bank and in hand

235,553

27,308

240,665

32,254

CREDITORS

Amounts falling due within one year

7

22,891

11,883

NET CURRENT ASSETS

217,774

20,371

TOTAL ASSETS LESS CURRENT LIABILITIES

1,493,447

1,505,743

PROVISIONS FOR LIABILITIES

50,628

54,000

NET ASSETS

1,442,819

1,451,743

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

180,333

190,451

Retained earnings

1,262,386

1,261,192

SHAREHOLDERS' FUNDS

1,442,819

1,451,743

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 24 November 2025 and were signed on its behalf by:

P.H. Yu - Director

1.	STATUTORY INFORMATION

Pytrad 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 as modified by the revaluation of certain assets.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rental income

Rental income is recognised over the lease term.

Tangible fixed assets

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

Plant and machinery etc

-

Straight line over 3 years

Investment property

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in statement of comprehensive income.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and are receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

1,029

Additions

799

At 31 March 2025

1,828

DEPRECIATION

At 1 April 2024

657

Charge for year

498

At 31 March 2025

1,155

NET BOOK VALUE

At 31 March 2025

673

At 31 March 2024

372

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,485,000

Disposals

(210,000

)

At 31 March 2025

1,275,000

NET BOOK VALUE

At 31 March 2025

1,275,000

At 31 March 2024

1,485,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

230,962

Cost

1,044,038

1,275,000

Investment properties are held at their aggregate market value, as assessed by the directors at the year end date.

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Other debtors

2,712

4,946

Amounts falling due after more than one year:

Other debtors

2,400

-

Aggregate amounts

5,112

4,946

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

9,771

8,306

Other creditors

13,120

3,577

22,891

11,883

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

P.H. Yu

Balance outstanding at start of year

765

-

Amounts advanced

-

1,665

Amounts repaid

(765

)

(900

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

765

Amounts due from directors are interest-free and repayable on demand.