Passha Storage And Interiors Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09465552 (England and Wales)

CESSATION FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2025 TO 24 MARCH 2026

FOR

PASSHA STORAGE AND INTERIORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P I Aires

REGISTERED OFFICE:

The Stables

19 High Steet

Hillmorton

Rugby

Warwickshire

CV21 4EG

REGISTERED NUMBER:

09465552 (England and Wales)

ACCOUNTANTS:

TGFP

Chartered Accountants

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

FIXED ASSETS

Tangible assets

4

-

1,258

CURRENT ASSETS

Debtors

5

20,006

122,496

Cash at bank

1,464,870

1,503,239

1,484,876

1,625,735

CREDITORS

Amounts falling due within one year

6

247,633

168,856

NET CURRENT ASSETS

1,237,243

1,456,879

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,237,243

1,458,137

CAPITAL AND RESERVES

Called up and paid share capital

102

Retained earnings

1,237,141

1,458,035

1,237,243

1,458,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 24 March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 24 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2026 and were signed by:

P I Aires - Director

1.	STATUTORY INFORMATION

Passha Storage And Interiors Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Financial instruments

Basic financial assets, which include debtors 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 financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2025

610

2,271

2,881

Disposals

(610

)

(2,271

)

(2,881

)

At 24 March 2026

-

DEPRECIATION

At 1 April 2025

259

1,364

1,623

Eliminated on disposal

(259

)

(1,364

)

(1,623

)

At 24 March 2026

-

NET BOOK VALUE

At 24 March 2026

-

At 31 March 2025

351

907

1,258

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

-

105,160

Other debtors

20,000

92

Directors' current accounts

-

8,163

VAT

6

-

Prepayments and accrued income

-

9,081

20,006

122,496

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

-

23,867

Tax

220,419

58,436

Social security and other taxes

14,510

32,650

CIS creditor

-

12,522

VAT

-

38,165

Other creditors

10,000

-

Directors' current accounts

704

-

Accruals and deferred income

2,000

3,216

247,633

168,856

7.	SECURED DEBTS

The loan is secured by way of a charge over debenture held by the company.

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director operated a loan with the company with no fixed terms of repayment or interest. Amounts advanced during the year were £nil (2025 - £8,163) and repayments during the year were £8,163 (2025 - £nil). At the year end the amount owing to the company was £nil (2025 - £8,163).

9.	RELATED PARTY DISCLOSURES

Included in other debtors are amounts owing of £20,000 (2025: £90) from a company under the control of the director.