Accounts filed on 31-03-2021

			Company registration number:		08004646
PATERNOSTER INVESTMENTS LTD
REPORT OF THE DIRECTORS' AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2021

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PATERNOSTER INVESTMENTS LTD
BALANCE SHEET
AS AT 31 March 2021
					2021				2020
				Notes	£		£		£		£
FIXED ASSETS
Tangible assets				3			18,047				0
							18,047				0
CURRENT ASSETS
Debtors					340				108,332
Cash at bank and in hand					6,552				285
					6,892				108,617
CREDITORS
Amounts falling due within one year					(47,057)				(27,310)
NET CURRENT ASSETS							(40,165)				81,307
TOTAL ASSETS LESS
CURRENT LIABILITIES							(22,118)				81,307
NET ASSETS							(22,118)				81,307
CAPITAL AND RESERVES
Called-up equity share capital							106				106
Profit and loss account							(22,224)				81,201
SHAREHOLDERS FUNDS							(22,118)				81,307
For the year ending 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
All the members have consented to the preparation of abridged financial statements for the year ended 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 20 October 2021 and signed on its behalf.
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C Baker - Director
20 October 2021
The annexed notes form part of these financial statements.

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PATERNOSTER INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1.

Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Turnover

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

Fixed Assets

Tangible fixed assets are stated at cost less depreciation. Depreciation i provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures and Fittings - 20 % per annum of cost

Motor Vehicles - 20% per annum of cost

2.

Employees

The average number of persons employed by the company (including directors) during the year was 2.

3.	Tangible fixed assets
				Total
	Cost
	At start of period			3,849
	Additions			22,559
	At end of period			26,408
	Depreciation
	At start of period			3,849
	Provided during the period			4,512
	At end of period			8,361
	Net Book Value
	At end of period			18,047

4.	Debtors
	During the year the company had loans outstanding to Epic Taverns Limited totalling £108,332. During the year the company entered administration du insolvency. The £108,332 loans were unrecoverable. Mr Baker was a shareholder and director of both companies.

5.

Directors' advances, credits and guarantees

At 31 March 2021, Mr C Baker, director, was owed £46,802 (2020 - £23,773). This is an interest-free loan which is repayable on demand.