PAALE Ltd - Filleted accounts

Registered number

13997843

PAALE Ltd

Filleted Accounts

31 March 2026

PAALE Ltd
Registered number:		13997843
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Investments	3		242,615			242,615

Current assets
Debtors	4	4,512			-
Cash at bank and in hand		17,891			84,711
		22,403			84,711

Creditors: amounts falling due within one year	5	(254,504)			(327,082)

Net current liabilities			(232,101)			(242,371)

Net assets			10,514			244

Capital and reserves
Called up share capital			100			100
Profit and loss account			10,414			144

Shareholders' funds			10,514			244

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D Patel
Director
Approved by the board on 19 May 2026

PAALE Ltd
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Investment property
	Investment property is shown at cost or most recent valuation when considered necessary by its directors. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Freehold properties which are held for their long term investment and rental potential are accounted for as investment properties in accordance with FRS 102. Accordingly the investment properties may be revalued annually if necessary at the discretion of directors and any surplus or deficit transferred to a revaluation reserve. In the case of permanent impairment in the value of the investment properties, any deficit below cost is taken to the profit and loss account of the financial year. No depreciation is provided in respect of freehold investment properties. Although the Companies Act 2006 would normally require the systematic annual depreciation of all fixed assets, the directors believe that the policy of not providing depreciation on freehold investment properties is necessary in order for the financial statements to give a true and fair view, since the current value of the investment properties, and changes to that current value, are of prime importance rather than a calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in an annual valuation, and the amount which might have been otherwise shown cannot be separately identified or quantified. Property acquisitions and disposals are accounted for only when legally binding contracts which are irrevocable and efficiently unconditional are exchanged and, in the case of disposals, where completion has taken place prior to the date on which the financial statements are approved.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees	2026		2025
Number			Number

	Average number of persons employed by the company	0		0








3	Investments

Other
investments
£
	Cost
	At 1 April 2025			242,615

	At 31 March 2026			242,615


4	Debtors	2026		2025
£			£

	Rents receivable	4,085		-
	Other debtors and prepayments	427		-
		4,512		-


5	Creditors: amounts falling due within one year	2026		2025
£			£

	Corporation tax provision	2,444		35
	Other creditors (see note 6)	252,060		327,047
		254,504		327,082

6	Other Creditors

	Other creditors include £250,310 (2025 - £325,705) in unsecured interest free loans that are repayable on demand to its two shareholders who are also directors. The company repaid £75,395 to two of its shareholders during the year ended 31 March 2026.

6	Other information

	PAALE Ltd is a private company limited by shares and incorporated in England.
	189 Tubbenden Lane
	Orpington
	BR6 9NN