REGISTERED NUMBER: 04429176

Unaudited Financial Statements for the Year Ended 30 March 2025

for

Paul Stuart Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G. S. Kinnersley

Dr D S Kinnersley

SECRETARY:

REGISTERED OFFICE:

5 Fitzroy Square

London

W1T 5HH

REGISTERED NUMBER:

04429176

ACCOUNTANTS:

Constantine & Co Ltd

9 Vermont Place

Milton Keynes

Buckinghamshire

MK15 8JA

FIXED ASSETS

Investment property

4

8,641,860

7,344,764

CURRENT ASSETS

Stocks

1,027,515

1,026,216

Debtors

5

375,970

162,933

Investments

6

2

2

Cash at bank

52,089

44,921

1,455,576

1,234,072

CREDITORS

Amounts falling due within one year

7

3,383,042

2,757,358

NET CURRENT LIABILITIES

(1,927,466

)

(1,523,286

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,714,394

5,821,478

CREDITORS

Amounts falling due after more than one year

8

(5,482,025

)

(4,362,811

)

PROVISIONS FOR LIABILITIES

(108,894

)

(108,894

)

NET ASSETS

1,123,475

1,349,773

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

1,123,473

1,349,771

SHAREHOLDERS' FUNDS

1,123,475

1,349,773

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:

G. S. Kinnersley - Director

1.	STATUTORY INFORMATION

Paul Stuart Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents amounts receivable for rental income, goods sold and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised on an accruals basis over the period to which it relates.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 March 2024

7,344,764

Additions

1,297,096

At 30 March 2025

8,641,860

NET BOOK VALUE

At 30 March 2025

8,641,860

At 30 March 2024

7,344,764

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.25

30.3.24

£

£

Other debtors

375,970

162,933

6.	CURRENT ASSET INVESTMENTS

30.3.25

30.3.24

£

£

Unlisted investments

2

2

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.25

30.3.24

£

£

Trade creditors

27,866

7,175

Taxation and social security

7,183

3,117

Other creditors

3,347,993

2,747,066

3,383,042

2,757,358

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.3.25

30.3.24

£

£

Bank loans

5,482,025

4,362,811

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.3.25

30.3.24

£

£

Bank loans

5,482,025

4,362,811

The bank loans totalling £5,482,025 (2024 £4,073,287) are secured by legal charges on the investment property held by the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.3.25

30.3.24

value:

£

£

2

Ordinary

£1

2

2