Company Registration No. 10151542 (England and Wales)
PALESOPH LIMITED
Unaudited accounts
for the year ended 31 March 2026
PALESOPH LIMITED
Unaudited accounts
Contents
PALESOPH LIMITED
Company Information
for the year ended 31 March 2026
Company Number
10151542 (England and Wales)
Registered Office
11 KNARESBOROUGH ROAD
SHEFFIELD
SOUTH YORKSHIRE
S7 2LA
ENGLAND
Accountants
EK Accounting & Tax Services Limited
Fusion At Magna Business Centre, Unit 23
Magna Way
Rotherham
S60 1FE
PALESOPH LIMITED
Statement of financial position
as at 31 March 2026
Investment property
1,194,362
1,194,362
Cash at bank and in hand
508,378
178,186
Creditors: amounts falling due within one year
(380,392)
(360,318)
Net current assets/(liabilities)
137,986
(171,132)
Net assets
1,332,348
1,110,129
Called up share capital
1,005
1,005
Profit and loss account
1,331,343
1,109,124
Shareholders' funds
1,332,348
1,110,129
For the year ending 31 March 2026 the company was entitled to exemption from audit 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 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 27 June 2026 and were signed on its behalf by
M S Shahin
Director
Company Registration No. 10151542
PALESOPH LIMITED
Notes to the Accounts
for the year ended 31 March 2026
PALESOPH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10151542. The registered office is 11 KNARESBOROUGH ROAD, SHEFFIELD, SOUTH YORKSHIRE, S7 2LA, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% reducing balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investments in shares are included at fair value.
PALESOPH LIMITED
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2025
3,450
8,119
1,168
12,737
At 31 March 2026
3,450
8,119
1,168
12,737
At 1 April 2025
3,450
8,119
936
12,505
Charge for the year
-
-
232
232
At 31 March 2026
3,450
8,119
1,168
12,737
At 31 March 2025
-
-
232
232
Fair value at 1 April 2025
1,194,362
At 31 March 2026
1,194,362
6
Investments
Other investments
Valuation at 1 April 2025
86,667
Valuation at 31 March 2026
-
Amounts falling due within one year
Other debtors
10,000
11,000
8
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
108,255
112,904
Loans from directors
270,937
246,214
PALESOPH LIMITED
Notes to the Accounts
for the year ended 31 March 2026
Allotted, called up and fully paid:
1,000 Ordinary A shares of £1 each
1,000
1,000
1 Ordinary B shares of £1 each
1
1
1 Ordinary C shares of £1 each
1
1
1 Ordinary D shares of £1 each
1
1
1 Ordinary E shares of £1 each
1
1
1 Ordinary F shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 2 (2025: 2).