Palm Two Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09486873 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Palm Two Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Alberto Giuseppe Valmori

SECRETARY:

Bath Secretarial Services Limited

REGISTERED OFFICE:

Second Floor

36 Gay Street

Bath

BA1 2NT

REGISTERED NUMBER:

09486873 (England and Wales)

FIXED ASSETS

Tangible assets

4

200,000

200,000

CURRENT ASSETS

Debtors

5

1

1

CREDITORS

Amounts falling due within one year

6

200,000

200,000

NET CURRENT LIABILITIES

(199,999

)

(199,999

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1

1

CAPITAL AND RESERVES

Called up share capital

1

1

SHAREHOLDERS' FUNDS

1

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 November 2020 and were signed by:

Alberto Giuseppe Valmori - Director

1.	STATUTORY INFORMATION

Palm Two 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.

Tangible fixed assets

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

Plant and machinery etc

-

not provided

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

€

COST

At 1 April 2019

and 31 March 2020

200,000

NET BOOK VALUE

At 31 March 2020

200,000

At 31 March 2019

200,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

€

€

Other debtors

1

1

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

€

€

Other creditors

200,000

200,000