LITTLE PALAIS LIMITED


Directors	CROSSAN, Richard
	SAMPSON, Jessica


Registered Address	Little Palais Wharf Road
	The Old Custom House
	St. Ives
	TR26 1LF


Registered Number	13979950 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		13,701		17,734
			13,701		17,734
Current assets
Stocks	4	250		3,500
Debtors	5	85		323
Cash at bank and on hand		1,127		5,976
		1,462		9,799
Creditors amounts falling due within one year	6	(14,668)		(19,762)
Net current assets (liabilities)			(13,206)		(9,963)
Total assets less current liabilities			495		7,771
Net assets			495		7,771
Capital and reserves
Called up share capital			2		2
Profit and loss account			493		7,769
Shareholders' funds			495		7,771

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 17 December 2025, and are signed on its behalf by:

SAMPSON, Jessica
Director
Registered Company No. 13979950

LITTLE PALAIS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	10	-
Office Equipment	-	3

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		3

3.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 24	18,834	895	19,729
Disposals	(2,775)	-	(2,775)
At 31 March 25	16,059	895	16,954
Depreciation and impairment
At 01 April 24	1,909	86	1,995
Charge for year	1,466	298	1,764
On disposals	(506)	-	(506)
At 31 March 25	2,869	384	3,253
Net book value
At 31 March 25	13,190	511	13,701
At 31 March 24	16,925	809	17,734

4.	Stocks

	2025	2024
	£	£
Other stocks	250	3,500
Total	250	3,500

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	39	-
Other debtors	46	-
Prepayments and accrued income	-	323
Total	85	323

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	3,535	7,492
Taxation and social security	-	4,261
Other creditors	10,708	8,009
Accrued liabilities and deferred income	425	-
Total	14,668	19,762