Company Registration No. 11110118 (England and Wales)
P&B Property Development Ltd
Unaudited accounts
for the year ended 31 December 2021
P&B Property Development Ltd
Unaudited accounts
Contents
P&B Property Development Ltd
Company Information
for the year ended 31 December 2021
Directors
Frank Booth
Tony Pallant
Company Number
11110118 (England and Wales)
Registered Office
Franklin House
49 West Street
Rochford
Essex
SS4 1BE
England
Accountants
Portway Office Support Services Limited
Franklin House
49 West Street
Rochford
Essex
SS4 1BE
P&B Property Development Ltd
Statement of financial position
as at 31 December 2021
Inventories
237,290
25,670
Cash at bank and in hand
3,829
1,652
Creditors: amounts falling due within one year
(160,995)
(78,181)
Net current assets
210,046
18,586
Total assets less current liabilities
245,049
18,586
Creditors: amounts falling due after more than one year
(186,000)
-
Called up share capital
20,000
100
Profit and loss account
39,049
18,486
Shareholders' funds
59,049
18,586
For the year ending 31 December 2021 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 10 August 2022 and were signed on its behalf by
Tony Pallant
Director
Company Registration No. 11110118
P&B Property Development Ltd
Notes to the Accounts
for the year ended 31 December 2021
P&B Property Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 11110118. The registered office is Franklin House, 49 West Street, Rochford, Essex, SS4 1BE, England.
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.
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% Striaght Line Method
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
Additions
8,200
32,750
2,750
43,700
At 31 December 2021
8,200
32,750
2,750
43,700
Charge for the year
1,230
6,550
917
8,697
At 31 December 2021
1,230
6,550
917
8,697
At 31 December 2021
6,970
26,200
1,833
35,003
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
17,014
9,904
Amounts due from group undertakings etc.
89,637
56,000
Other debtors
11,663
3,541
P&B Property Development Ltd
Notes to the Accounts
for the year ended 31 December 2021
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
38,876
44,000
Obligations under finance leases and hire purchase contracts
10,084
-
Trade creditors
91,274
29,029
Taxes and social security
14,963
4,336
Loans from directors
5,048
-
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).