Paddock Wood Ltd
Paddock Wood Ltd
Unaudited Financial Statements
For the Period
19 November 2021
to
31 December 2022
Paddock Wood Ltd
Unaudited Financial Statements
For the Period
19 November 2021
to
31 December 2022
Unaudited Financial Statements
Contents | |
Page | |
---|---|
Balance Sheet | 1 |
Notes to the Financial Statements | 2—3 |
Paddock Wood Ltd
Balance Sheet
As at
31 December 2022
Balance Sheet
Registered number:
13755474
For the period ending 31 December 2022 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.
31 December 2022 | |||
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Notes | £ | £ | |
CURRENT ASSETS | |||
Stocks | 4 |
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|
|
|||
Creditors: Amounts Falling Due Within One Year | 6 |
( |
|
NET CURRENT ASSETS (LIABILITIES) |
|
||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
||
Creditors: Amounts Falling Due After More Than One Year | 7 |
( |
|
NET LIABILITIES |
( |
||
CAPITAL AND RESERVES | |||
Called up share capital | 9 |
|
|
Profit and Loss Account |
( |
||
SHAREHOLDERS' FUNDS | (55,842) | ||
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Director
|
|
The notes on pages 2 to 3 form part of these financial statements.
Paddock Wood Ltd
Notes to the Financial Statements
For the Period
19 November 2021
to
31 December 2022
Notes to the Financial Statements
1.
General Information
Paddock Wood Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
13755474
. The registered office is 12 Tremadoc Road , London , SW4 7NE.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4.
Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares, which are measured at fair value, with changes recognised in profit or loss.
Derivative financial instruments, where applicable, are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
3.
Average Number of Employees
The average number of employees, including directors, during the year was as follows: 2
4.
Stocks
31 December 2022 | |
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£ | |
Stock |
|
|
|
6.
Creditors: Amounts Falling Due Within One Year
31 December 2022 | |
---|---|
£ | |
Amounts owed to participating interests |
|
Other creditors | 900 |
|
|
7.
Creditors: Amounts Falling Due After More Than One Year
31 December 2022 | |
---|---|
£ | |
Bank loans |
|
|
|
Paddock Wood Ltd
Notes to the Financial Statements (continued)
For the Period
19 November 2021
to
31 December 2022
8.
Secured Creditors
Of the creditors the following amounts are secured.
31 December 2022 | |
---|---|
£ | |
Bank loans and overdrafts | 600,905 |
10.
Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is
Luxio Property Holdings Limited
.
Luxio Property Holdings Limited
was incorporated in (Please enter country of incorporation). Copies of the group accounts may be obtained from the secretary,
12 Tremadoc Road, London, United Kingdom, SW4 7NE
. The ultimate controlling party is
Luxio Property Holdings Limited
who controls 100% of the shares of
Paddock Wood Ltd
.