Caseware UK (AP4) 2021.0.152 2021.0.152 falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2020-12-09No description of principal activity00falsetrue 13071873 2020-12-08 13071873 2020-12-09 2021-12-31 13071873 2019-12-09 2020-12-08 13071873 2021-12-31 13071873 c:Director1 2020-12-09 2021-12-31 13071873 d:FreeholdInvestmentProperty 2020-12-09 2021-12-31 13071873 d:FreeholdInvestmentProperty 2021-12-31 13071873 d:CurrentFinancialInstruments 2021-12-31 13071873 d:Non-currentFinancialInstruments 2021-12-31 13071873 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 13071873 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 13071873 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-12-31 13071873 d:RetainedEarningsAccumulatedLosses 2021-12-31 13071873 c:FRS102 2020-12-09 2021-12-31 13071873 c:AuditExempt-NoAccountantsReport 2020-12-09 2021-12-31 13071873 c:FullAccounts 2020-12-09 2021-12-31 13071873 c:PrivateLimitedCompanyLtd 2020-12-09 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 13071873










PEVENSEY PROPERTIES LTD








Unaudited

Financial statements

Information for filing with the registrar

For the Period Ended 31 December 2021

 
PEVENSEY PROPERTIES LTD
Registered number: 13071873

Balance sheet
As at 31 December 2021

2021
Note
£

Fixed assets
  

Investment property
  
941,854

  
941,854

Current assets
  

Debtors: amounts falling due within one year
 5 
30,000

Cash at bank and in hand
 6 
3,921

  
33,921

Creditors: amounts falling due within one year
 7 
(436,998)

Net current (liabilities)/assets
  
 
 
(403,077)

Total assets less current liabilities
  
538,777

Creditors: amounts falling due after more than one year
 8 
(560,257)

  

Net (liabilities)/assets
  
(21,480)


Capital and reserves
  

Profit and loss account
  
(21,480)

  
(21,480)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 August 2022.




Page 1

 
PEVENSEY PROPERTIES LTD
Registered number: 13071873
    
Balance sheet (continued)
As at 31 December 2021

J Grunhut
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
PEVENSEY PROPERTIES LTD
 
 
 
Notes to the financial statements
For the Period Ended 31 December 2021

1.


General information

Pevensey Properties Ltd is a private company limited by shares and registered in England and Wales. The registered address is at Lower Ground 49 Osbaldeston Road, London, N16 7DL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration.

The average monthly number of employees, including directors, during the period was 0.

Page 3

 
PEVENSEY PROPERTIES LTD
 
 
 
Notes to the financial statements
For the Period Ended 31 December 2021

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
941,854



At 31 December 2021
941,854

The 2021 valuations were made by the director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2021
£


Historic cost
941,854

941,854


5.


Debtors

2021
£


Other debtors
30,000

30,000



6.


Cash and cash equivalents

2021
£

Cash at bank and in hand
3,921

3,921


Page 4

 
PEVENSEY PROPERTIES LTD
 
 
 
Notes to the financial statements
For the Period Ended 31 December 2021

7.


Creditors: Amounts falling due within one year

2021
£

Other creditors
436,338

Accruals and deferred income
660

436,998



8.


Creditors: Amounts falling due after more than one year

2021
£

Bank loans
560,257

560,257


The following liabilities were secured:

2021
£



Bank loans
560,257

560,257

Details of security provided:

Bank loans are secured by a fixed charge over the company's properties.


9.


Loans


Analysis of the maturity of loans is given below:


2021
£




Amounts falling due after more than 5 years

Bank loans
560,257

560,257


 
Page 5