REGISTERED NUMBER: 15921514 (England and Wales)

PA PLACE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 28 AUGUST 2024 TO 31 AUGUST 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs S V Kirk

REGISTERED OFFICE:

11 Goswell Square

Alton

Hamphsire

GU34 2FZ

REGISTERED NUMBER:

15921514 (England and Wales)

FIXED ASSETS

Investment property

4

521,802

CURRENT ASSETS

Debtors

5

2,279

Cash at bank

755

3,034

CREDITORS

Amounts falling due within one year

6

(175,856

)

NET CURRENT LIABILITIES

(172,822

)

TOTAL ASSETS LESS CURRENT LIABILITIES

348,980

CREDITORS

Amounts falling due after more than one year

7

(366,950

)

NET LIABILITIES

(17,970

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(17,971

)

(17,970

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 10 August 2026 and were signed by:

Mrs S V Kirk - Director

1.	STATUTORY INFORMATION

PA Place Ltd 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Going concern

At the balance sheet date the company had net liabilities, and was reliant upon the support of its creditors to continue trading. The director has confirmed she expects this support to continue for a period of at least 12 months after the date of signing the financial statements, therefore the going concern basis has been used.

Turnover

Turnover is stated net of value added tax and represents gross rents receivable.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial assets

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially

measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

521,802

At 31 August 2025

521,802

NET BOOK VALUE

At 31 August 2025

521,802

Investment property was valued on an open market basis on 31 August 2025 by the director.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

2,279

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

175,856

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

366,950

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalments

366,950

366,950

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

366,950

The bank loan is secured by the company's investment property.