REGISTERED NUMBER: 01892420 (England and Wales)

Unaudited Financial Statements

for the Year Ended

30 September 2025

for

Pax Ardel Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N G Axelrad

E J Axelrad

SECRETARY:

J C Axelrad

REGISTERED OFFICE:

Bank Farm

Congerstone Lane

Carlton

Nuneaton

Warwickshire

CV13 0BU

REGISTERED NUMBER:

01892420 (England and Wales)

CURRENT ASSETS

Stocks

4,459

5,850

Debtors

4

22,055

31,293

Cash at bank

5,498

8,591

32,012

45,734

CREDITORS

Amounts falling due within one year

5

18,870

33,323

NET CURRENT ASSETS

13,142

12,411

TOTAL ASSETS LESS CURRENT LIABILITIES

13,142

12,411

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

13,042

12,311

SHAREHOLDERS' FUNDS

13,142

12,411

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 28 May 2026 and were signed on its behalf by:

N G Axelrad - Director

1.	STATUTORY INFORMATION

Pax Ardel 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.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

6,701

12,812

Other debtors

15,300

16,500

Corporation Tax

54

1,981

22,055

31,293

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade creditors

13,816

10,086

Corporation tax

-

357

VAT

2,262

20,466

Accruals and deferred income

2,792

2,414

18,870

33,323

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

£

100

Ordinary

£1

100

100

7.	RELATED PARTY DISCLOSURES

Included in debtors is a balance with Pax Yarns Ltd which has common directors and Pax Ardel. The balance is interest free and payable on demand 2025:£15,300 (2024: £16,500).

8.	ULTIMATE CONTROLLING PARENT

The company is a wholly owned subsidiary of Axe Ventures Limited which is incorporated in England and Wales.