1 January 2025 true No description of principal activity Taxfiler 2024.6 12347983business:PrivateLimitedCompanyLtd2025-01-012025-03-31 123479832024-12-31 12347983business:EntityNoLongerTradingButTradedInPast2025-01-012025-03-31 123479832025-01-012025-03-31 12347983business:AuditExempt-NoAccountantsReport2025-01-012025-03-31 12347983business:FilletedAccounts2025-01-012025-03-31 123479832025-03-31 12347983business:Director12025-01-012025-03-31 12347983business:RegisteredOffice2025-01-012025-03-31 123479832024-12-31 12347983core:WithinOneYear2025-03-31 12347983core:WithinOneYear2024-12-31 12347983core:AfterOneYear2025-03-31 12347983core:AfterOneYear2024-12-31 12347983core:ShareCapitalcore:PreviouslyStatedAmount2025-03-31 12347983core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 12347983core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 12347983core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 12347983core:PreviouslyStatedAmount2025-03-31 12347983core:PreviouslyStatedAmount2024-12-31 12347983business:SmallEntities2025-01-012025-03-31 12347983countries:EnglandWales2025-01-012025-03-31 12347983core:AdditionsToInvestments2025-03-31 123479832024-01-012024-12-31 iso4217:GBP xbrli:pure
Company Registration No. 12347983 (England and Wales)
Palladium Bay Limited Unaudited accounts for the period from 1 January 2025 to 31 March 2025
Palladium Bay Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Palladium Bay Limited Company Information for the period from 1 January 2025 to 31 March 2025
Director
Vinay J Shah
Company Number
12347983 (England and Wales)
Registered Office
9-11 New Broadway Ealing London W5 5AW England
Accountants
Cloud Tax Ltd 9-11 New Broadway Ealing London W5 5AW
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Palladium Bay Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Investments
4
212,801 
192,366 
Current assets
Debtors
5
147,933 
138,010 
Cash at bank and in hand
276,505 
328,486 
424,438 
466,496 
Creditors: amounts falling due within one year
6
(26,786)
(426)
Net current assets
397,652 
466,070 
Total assets less current liabilities
610,453 
658,436 
Creditors: amounts falling due after more than one year
7
(610,000)
(660,000)
Net assets/(liabilities)
453 
(1,564)
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
253 
(1,764)
Shareholders' funds
453 
(1,564)
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 18 December 2025 and were signed on its behalf by
Vinay J Shah Director Company Registration No. 12347983
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Palladium Bay Limited Notes to the Accounts for the period from 1 January 2025 to 31 March 2025
1
Statutory information
Palladium Bay Limited is a private company, limited by shares, registered in England and Wales, registration number 12347983. The registered office is 9-11 New Broadway, Ealing, London, W5 5AW, England.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2025
192,366 
Additions
20,435 
Valuation at 31 March 2025
212,801 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
147,933 
138,010 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
428 
426 
Loans from directors
26,358 
- 
26,786 
426 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Amounts owed to group undertakings and other participating interests
610,000 
660,000 
8
Loans to directors
At the balance sheet date, the company owes to the director an amount of £26,358.
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Palladium Bay Limited Notes to the Accounts for the period from 1 January 2025 to 31 March 2025
9
Transactions with related parties
At the balance sheet date, the company had the following intercompany balances with related group undertakings: Amounts due from Ashbury Facilities Ltd: £147,933 (2024: £138,010) Amounts due to Deepoq Ltd: £610,000 (2024: £660,000) The balances with group undertakings are unsecured, interest free, and repayable on demand.
10
Average number of employees
During the period the average number of employees was 1 (2024: 1).
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