PALM HILLS LIMITED
Statement of financial position
as at 31 May 2026
Cash at bank and in hand
12,982
Creditors: amounts falling due within one year
(10,629)
Profit and loss account
42,752
Shareholders' funds
42,753
For the period ending 31 May 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.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
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 10 September 2026 and were signed on its behalf by
Fahad Almarzoq
Director
Company Registration No. 16456464
PALM HILLS LIMITED
Notes to the Accounts
for the period from 19 May 2025 to 31 May 2026
PALM HILLS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 16456464. The registered office is Flat 7 Oaklawn Court, 9 Gordon Avenue, Stanmore, HA7 3JT, 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 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.
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:
Motor vehicles
20% Straight-Line
4
Tangible fixed assets
Total
Charge for the period
10,100
5
Average number of employees
During the period the average number of employees was 2.