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Company Registration No. 11892369 (England and Wales)
PINK PALM PROPERTIES LTD Unaudited accounts for the year ended 31 March 2022
PINK PALM PROPERTIES LTD Unaudited accounts Contents
Page
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PINK PALM PROPERTIES LTD Company Information for the year ended 31 March 2022
Director
Rachel Hughes
Company Number
11892369 (England and Wales)
Registered Office
27 CANONSFIELD WERRINGTON PETERBOROUGH PE4 5AQ UNITED KINGDOM
Accountants
JSM Partners Brightfield Business Hub Bakewell Road Peterborough Cambridgeshire PE2 6XU
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PINK PALM PROPERTIES LTD Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
68,208 
68,310 
Current assets
Cash at bank and in hand
1,640 
645 
Creditors: amounts falling due within one year
(24,304)
(22,349)
Net current liabilities
(22,664)
(21,704)
Total assets less current liabilities
45,544 
46,606 
Creditors: amounts falling due after more than one year
(52,500)
(52,500)
Net liabilities
(6,956)
(5,894)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(6,957)
(5,895)
Shareholders' funds
(6,956)
(5,894)
For the year ending 31 March 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 director acknowledges her 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 and authorised for issue on 5 August 2022 and were signed on its behalf by
Rachel Hughes Director Company Registration No. 11892369
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PINK PALM PROPERTIES LTD Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
PINK PALM PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 11892369. The registered office is 27 CANONSFIELD, WERRINGTON, PETERBOROUGH, PE4 5AQ, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2021
68,053 
305 
68,358 
At 31 March 2022
68,053 
305 
68,358 
Depreciation
At 1 April 2021
- 
48 
48 
Charge for the year
- 
102 
102 
At 31 March 2022
- 
150 
150 
Net book value
At 31 March 2022
68,053 
155 
68,208 
At 31 March 2021
68,053 
257 
68,310 
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Loans from directors
24,304 
22,349 
6
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
52,500 
52,500 
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PINK PALM PROPERTIES LTD Notes to the Accounts for the year ended 31 March 2022
7
Loans to directors
During the year loans totalling £24,304.00 were received from the directors. These remain outstanding at the year end and are interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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