General Information
Padd. Man. Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 13672419, registration address 6 Eversley Crescent, London, N21 1EJ. The trading address of the company is George Hotel, 58-60 Cartwright Gardens, London, WC1H 9EL.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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)
Turnover
Turnover is measured at the fair value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Land and buildings |
10% Straight Line |
| Plant and machinery |
25% Straight Line
|
|
| 2. |
Average number of employees
Average number of employees during the year was 16 (2024 : 16).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Land and buildings |
|
Plant and machinery |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 November 2024 |
25,190 |
|
11,292 |
|
36,482 |
| Additions |
- |
|
4,240 |
|
4,240 |
| Disposals |
- |
|
- |
|
- |
| At 31 October 2025 |
25,190 |
|
15,532 |
|
40,722 |
| Depreciation |
| At 01 November 2024 |
7,557 |
|
6,380 |
|
13,937 |
| Charge for year |
2,519 |
|
3,883 |
|
6,402 |
| On disposals |
- |
|
- |
|
- |
| At 31 October 2025 |
10,076 |
|
10,263 |
|
20,339 |
| Net book values |
| Closing balance as at 31 October 2025 |
15,114 |
|
5,269 |
|
20,383 |
| Opening balance as at 01 November 2024 |
17,633 |
|
4,912 |
|
22,545 |
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Other Debtors |
48,561 |
|
41,509 |
|
48,561 |
|
41,509 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
58,708 |
|
44,865 |
| Taxation and Social Security |
214,168 |
|
232,208 |
| Other Creditors |
37,805 |
|
53,412 |
|
310,681 |
|
330,485 |
|
| 6. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
55
Class A shares of £1.00 each |
55 |
|
2 |
|
30
Class B shares of £1.00 each |
30 |
|
- |
|
5
Class C shares of £1.00 each |
5 |
|
- |
|
5
Class D shares of £1.00 each |
5 |
|
- |
|
5
Class E shares of £1.00 each |
5 |
|
- |
|
100 |
|
2 |
|
| 7. |
Related Party Disclosures
During the year, total dividends of £143,750 (2024 - £0) were paid to the directors.
|
3
|