1 January 2021 false No description of principal activity Taxfiler 2022.8.3 11110118business:PrivateLimitedCompanyLtd2021-01-012021-12-31 111101182020-12-31 111101182021-01-012021-12-31 11110118business:AuditExempt-NoAccountantsReport2021-01-012021-12-31 11110118business:FullAccounts2021-01-012021-12-31 111101182021-12-31 11110118business:Director12021-01-012021-12-31 11110118business:Director22021-01-012021-12-31 11110118business:RegisteredOffice2021-01-012021-12-31 111101182020-12-31 11110118core:WithinOneYear2021-12-31 11110118core:WithinOneYear2020-12-31 11110118core:AfterOneYear2021-12-31 11110118core:AfterOneYear2020-12-31 11110118core:ShareCapital2021-12-31 11110118core:ShareCapital2020-12-31 11110118core:RetainedEarningsAccumulatedLosses2021-12-31 11110118core:RetainedEarningsAccumulatedLosses2020-12-31 11110118business:SmallEntities2021-01-012021-12-31 11110118countries:EnglandWales2021-01-012021-12-31 11110118core:MotorVehicles2021-01-012021-12-31 11110118core:PlantMachinery2020-12-31 11110118core:MotorVehicles2020-12-31 11110118core:ComputerEquipment2020-12-31 11110118core:PlantMachinery2021-01-012021-12-31 11110118core:ComputerEquipment2021-01-012021-12-31 11110118core:PlantMachinery2021-12-31 11110118core:MotorVehicles2021-12-31 11110118core:ComputerEquipment2021-12-31 111101182020-01-012020-12-31 iso4217:GBP xbrli:pure
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
Page
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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
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P&B Property Development Ltd Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,003 
- 
Current assets
Inventories
237,290 
25,670 
Debtors
129,922 
69,445 
Cash at bank and in hand
3,829 
1,652 
371,041 
96,767 
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)
- 
Net assets
59,049 
18,586 
Capital and reserves
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
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P&B Property Development Ltd Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
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.
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:
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 
At 1 January 2021
- 
- 
- 
- 
Additions
8,200 
32,750 
2,750 
43,700 
At 31 December 2021
8,200 
32,750 
2,750 
43,700 
Depreciation
Charge for the year
1,230 
6,550 
917 
8,697 
At 31 December 2021
1,230 
6,550 
917 
8,697 
Net book value
At 31 December 2021
6,970 
26,200 
1,833 
35,003 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
11,608 
- 
Trade debtors
17,014 
9,904 
Amounts due from group undertakings etc.
89,637 
56,000 
Other debtors
11,663 
3,541 
129,922 
69,445 
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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 
VAT
- 
66 
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 
- 
Accruals
750 
750 
160,995 
78,181 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
186,000 
- 
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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