Company Registration No. 08004646 (England and Wales)
PATERNOSTER INVESTMENTS LTD
Unaudited accounts
for the year ended 31 March 2023
PATERNOSTER INVESTMENTS LTD
Unaudited accounts
Contents
PATERNOSTER INVESTMENTS LTD
Company Information
for the year ended 31 March 2023
Directors
Charles Baker
Tessa Baker
Company Number
08004646 (England and Wales)
Registered Office
Denmark House
143 High Street
Chalfont St Peter
Bucks
SL9 9QL
Accountants
Lane Accounting Limited
Denmark House
143 High Street
Chalfont St Peter
Buckinghamshire
SL9 9QL
PATERNOSTER INVESTMENTS LTD
Statement of financial position
as at 31 March 2023
Tangible assets
15,498
28,793
Cash at bank and in hand
22,156
1,054
Creditors: amounts falling due within one year
(7,950)
(17,129)
Net current assets/(liabilities)
14,206
(16,075)
Total assets less current liabilities
29,704
12,718
Creditors: amounts falling due after more than one year
(8,692)
(12,502)
Called up share capital
106
106
Profit and loss account
20,906
110
Shareholders' funds
21,012
216
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 July 2023 and were signed on its behalf by
Charles Baker
Director
Company Registration No. 08004646
PATERNOSTER INVESTMENTS LTD
Notes to the Accounts
for the year ended 31 March 2023
PATERNOSTER INVESTMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 08004646. The registered office is Denmark House, 143 High Street, Chalfont St Peter , Bucks , SL9 9QL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% per annum of cost
Fixtures & fittings
20% per annum of cost
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2022
38,783
7,660
46,443
At 31 March 2023
38,783
7,660
46,443
At 1 April 2022
12,009
5,641
17,650
Charge for the year
11,261
2,034
13,295
At 31 March 2023
23,270
7,675
30,945
At 31 March 2023
15,513
(15)
15,498
At 31 March 2022
26,774
2,019
28,793
PATERNOSTER INVESTMENTS LTD
Notes to the Accounts
for the year ended 31 March 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,725
4,092
Taxes and social security
-
274
Loans from directors
95
12,548
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £3,725 (2022 £4,092). The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.
6
Creditors: amounts falling due after more than one year
2023
2022
Creditors include bank loans and net obligations under finance lease and hire purchase contracts which are secured of £8,692 (2022 £12,502). The bank loans are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
6 Ordinary B shares of £1 each
6
6
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
