PETAL ESTATES LIMITED - Accounts to registrar (filleted) - small 18.2

PETAL ESTATES LIMITED - Accounts to registrar (filleted) - small 18.2

PETAL ESTATES LIMITED - Company Information

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REGISTERED NUMBER: 06140649 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2019

FOR

PETAL ESTATES LIMITED
PETAL ESTATES LIMITED (REGISTERED NUMBER: 06140649)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31st December 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PETAL ESTATES LIMITED

COMPANY INFORMATION
For The Year Ended 31st December 2019







DIRECTOR: Nileshkumar Ramesh Desai





SECRETARY: Centrum Secretaries Limited





REGISTERED OFFICE: Elscot House
Arcadia Avenue
London
N3 2JU





REGISTERED NUMBER: 06140649 (England and Wales)





ACCOUNTANTS: Centrum Chartered Accountants
Elscot House
Arcadia Avenue
London
N3 2JU
Page 1
PETAL ESTATES LIMITED (REGISTERED NUMBER: 06140649)

BALANCE SHEET
31st December 2019

2019 2018
Notes £    £   
CURRENT ASSETS
Cash at bank 78 89

CREDITORS
Amounts falling due within one year 4 (811,443 ) (769,230 )
NET CURRENT LIABILITIES (811,365 ) (769,141 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(811,365
)
(769,141
)

CREDITORS
Amounts falling due after more than one
year
5
(499,137
)
(534,879
)
NET LIABILITIES (1,310,502 ) (1,304,020 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,310,602 ) (1,304,120 )
SHAREHOLDERS' FUNDS (1,310,502 ) (1,304,020 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2019 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th August 2020 and were signed
by:





Nileshkumar Ramesh Desai - Director


The notes form part of these financial statements

Page 2
PETAL ESTATES LIMITED (REGISTERED NUMBER: 06140649)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31st December 2019

1. STATUTORY INFORMATION

PETAL ESTATES 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.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 641,924 611,719
Other creditors 169,519 157,511
811,443 769,230

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2019 2018
£    £   
Other creditors 499,137 534,879

Page 3