Paul Alexander Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06630939 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2020

FOR

PAUL ALEXANDER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P Aristidou

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

06630939 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

2,757

2,649

CURRENT ASSETS

Debtors

5

120,024

109,852

Cash at bank and in hand

315,694

73,834

435,718

183,686

CREDITORS

Amounts falling due within one year

6

139,048

86,674

NET CURRENT ASSETS

296,670

97,012

TOTAL ASSETS LESS CURRENT LIABILITIES

299,427

99,661

CREDITORS

Amounts falling due after more than one year

7

119,195

-

NET ASSETS

180,232

99,661

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

180,132

99,561

SHAREHOLDERS' FUNDS

180,232

99,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 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 29 January 2021 and were signed by:

Mr P Aristidou - Director

1.	STATUTORY INFORMATION

Paul Alexander 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.

Turnover

Turnover represents management fees charged to landlords. The company is not registered for value added tax.

Tangible fixed assets

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

Furniture Fixtures & Equipment

-

25% on reducing balance

Taxation

Taxation for the year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 2 (2019 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Furniture

Fixtures

& Equipment

£

COST

At 1 July 2019

5,923

Additions

797

At 30 June 2020

6,720

DEPRECIATION

At 1 July 2019

3,274

Charge for year

689

At 30 June 2020

3,963

NET BOOK VALUE

At 30 June 2020

2,757

At 30 June 2019

2,649

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Other debtors

48,463

45,435

Amounts due from related party

71,403

60,921

Prepayments and accrued income

158

3,496

120,024

109,852

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Bank loans and overdrafts

25,668

15

Trade creditors

3,165

13,964

Tax

56,392

23,102

Social security and other taxes

2,888

896

Pensions

-

4

Other creditors

48,463

45,435

Directors' current accounts

-

228

Accrued expenses

2,472

3,030

139,048

86,674

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.20

30.6.19

£

£

Bank loans - 1-2 years

34,001

-

Bank loans - 2-5 years

76,861

-

Bank loans more 5 yrs non-inst

8,333

-

119,195

-

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

8,333

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.20

30.6.19

value:

£

£

100

Ordinary

1

100

100