P.A.E. Properties Limited 28/02/2022 iXBRL
P.A.E. Properties Limited 28/02/2022 iXBRL
Company registration number:
05654246
Contents
Statement of financial position
Notes to the financial statements
Statement of financial position
28 February 2022
2022 | 2021 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Debtors | 6 | - |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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_______ | _______ | ||||||||
Net current liabilities |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
10 October 2022
, and are signed on behalf of the board by:
Director
Company registration number:
05654246
Notes to the financial statements
Year ended 28 February 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 98 Lancaster Road, Newcastle under Lyme, Staffordshire, ST5 1DS.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property | - |
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Impairment
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to 0. (2021: 0).
5.
Tangible assets
Freehold property | Total | ||
£ | £ | ||
Cost | |||
At 1 March 2021 and 28 February 2022 |
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_______ | _______ | ||
Depreciation | |||
At 1 March 2021 and 28 February 2022 | - | - | |
_______ | _______ | ||
Carrying amount | |||
At 28 February 2022 |
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_______ | _______ | ||
At 28 February 2021 |
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6.
Debtors
2022 | 2021 | |||
£ | £ | |||
Other debtors | - |
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_______ | _______ | |||
7.
Creditors: amounts falling due within one year
2022 | 2021 | |||
£ | £ | |||
Amounts owed to group undertakings |
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Corporation tax |
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Director loan account | 8,130 | 7,885 | ||
Rent received in advance | 360 | - | ||
Accruals | 1,500 | 3,000 | ||
_______ | _______ | |||
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_______ | _______ | |||
8.
Related party transactions
9.
Controlling party