Padda Development (Wales) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10750658 (England and Wales)

Financial Statements for the Period 1 April 2024 to 30 September 2025

for

Padda Development (Wales) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

Mr Jasbir Singh

Mrs Gurbaksh Kaur

Mr Kuldeep Singh

REGISTERED OFFICE:

Llwynhendy Care Home

Ynys Las

Llwynhendy

Llanelli

Carmarthenshire

SA14 9BT

REGISTERED NUMBER:

10750658 (England and Wales)

ACCOUNTANTS:

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

FIXED ASSETS

Tangible assets

4

1,505

-

CURRENT ASSETS

Debtors

5

84,805

97,215

Cash at bank

2,650

162,203

87,455

259,418

CREDITORS

Amounts falling due within one year

6

75,567

3,202

NET CURRENT ASSETS

11,888

256,216

TOTAL ASSETS LESS CURRENT
LIABILITIES

13,393

256,216

CREDITORS

Amounts falling due after more than one
year

7

(81,638

)

(310,547

)

PROVISIONS FOR LIABILITIES

6,828

NET LIABILITIES

(61,417

)

(47,503

)

CAPITAL AND RESERVES

Called up share capital

8

2

Retained earnings

(61,419

)

(47,505

)

SHAREHOLDERS' FUNDS

(61,417

)

(47,503

)

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

The members have not required the company to obtain an audit of its financial statements for the period 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 14 September 2026 and were signed on its behalf by:

Mr Jasbir Singh - Director

1.	STATUTORY INFORMATION

Padda Development (Wales) 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 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Going concern

Despite a net liability position, the directors consider that the basis on which the accounts are prepared, under the going concern basis, is appropriate given the continuing support of the directors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

2,150

At 30 September 2025

2,150

DEPRECIATION

At 1 April 2024

and 30 September 2025

645

NET BOOK VALUE

At 30 September 2025

1,505

At 31 March 2024

(645

)

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

31.3.24

£

Trade debtors

84,805

97,215

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

31.3.24

£

Trade creditors

2,301

3,202

Other creditors

73,266

-

75,567

3,202

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

30.9.25

31.3.24

£

Amounts owed to associated co.

81,638

310,547

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.9.25

31.3.24

value:

£

2

Share capital 1

1

2

2 Ordinary shares of 1 each were allotted at par during the period.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 30 September 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

Date: .............................................