PASEO LTD - Accounts

PASEO LTD
Statement of Financial Position
As at 30 April 2026

	2026
	£	£
Fixed assets		198,000
Current assets	39,770
Creditors: amount falling due within one year	(19,879)
Net current assets		19,891
Total assets less current liabilities		217,891
Creditors: amount falling due after more than one year		(219,600)
Net assets		(1,709)


Capital and reserves		(1,709)

NOTES TO THE ACCOUNTS

General Information

PASEO LTD is a private company, limited by shares, registered in England and Wales, registration number 16262921, registration address 22 Craig Walk, Windermere, Cumbria, LA23 2HB.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

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

None Straight Line

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Tangible fixed assets

Cost or valuation	Land and Buildings	Total
	£	£
At 19 February 2025	-	-
Additions	198,000	198,000
Disposals	-	-
At 30 April 2026	198,000	198,000
Depreciation
At 19 February 2025	-	-
Charge for period	-	-
On disposals	-	-
At 30 April 2026	-	-
Net book values
Closing balance as at 30 April 2026	198,000	198,000
Opening balance as at 19 February 2025	-	-

3.	Average number of employees and directors Average number of employees during the period was 2.

For the period ended 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.

The financial statements were approved by the board of directors on 11 October 2026 and were signed on its behalf by:

--------------------------------
Paul David Armtage
Director