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REGISTERED NUMBER: 09978021 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

FOR

POVEY PROPERTY LETTINGS & INVESTMENTS
LIMITED

POVEY PROPERTY LETTINGS & INVESTMENTS
LIMITED (REGISTERED NUMBER: 09978021)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


POVEY PROPERTY LETTINGS & INVESTMENTS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2022







DIRECTOR: Mr S J Povey





REGISTERED OFFICE: 2 Manor Croft
Uttoxeter
Staffordshire
ST14 7RY





REGISTERED NUMBER: 09978021 (England and Wales)





ACCOUNTANTS: Wynniatt-Husey Limited (Uttoxeter Branch)
The Old Bakehouse
Dove Walk
Uttoxeter
Staffordshire
ST14 8EH

POVEY PROPERTY LETTINGS & INVESTMENTS
LIMITED (REGISTERED NUMBER: 09978021)

BALANCE SHEET
31 JANUARY 2022

31.1.21 31.1.22
£    £    Notes £    £   
FIXED ASSETS
165,161 Tangible assets 4 165,536

CURRENT ASSETS
7,903 Debtors 5 8,568
35,949 Cash at bank 39,174
43,852 47,742
CREDITORS
209,584 Amounts falling due within one year 6 196,734
(165,732 ) NET CURRENT LIABILITIES (148,992 )
(571 ) TOTAL ASSETS LESS CURRENT
LIABILITIES

16,544

CAPITAL AND RESERVES
1 Called up share capital 7 1
(572 ) Retained earnings 16,543
(571 ) SHAREHOLDERS' FUNDS 16,544

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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 28 July 2022 and were signed by:





Mr S J Povey - Director


POVEY PROPERTY LETTINGS & INVESTMENTS
LIMITED (REGISTERED NUMBER: 09978021)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

1. STATUTORY INFORMATION

Povey Property Lettings & Investments 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

POVEY PROPERTY LETTINGS & INVESTMENTS
LIMITED (REGISTERED NUMBER: 09978021)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

4. TANGIBLE FIXED ASSETS
Freehold Plant and
Totals property machinery
£    £    £   
COST
At 1 February 2021 165,161 165,161 -
Additions 500 - 500
At 31 January 2022 165,661 165,161 500
DEPRECIATION
Charge for year 125 - 125
At 31 January 2022 125 - 125
NET BOOK VALUE
At 31 January 2022 165,536 165,161 375
At 31 January 2021 165,161 165,161 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Trade debtors 8,150 7,903
Prepayments 418 -
8,568 7,903

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Loan - S Holland 29,800 32,100
Mortgage - Ashley Street 151,860 151,860
Business Bounceback Loan 8,833 10,000
Trade creditors (183 ) (268 )
Tax 5,892 -
Directors' current accounts 52 15,542
Accrued expenses 480 350
196,734 209,584

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.1.22 31.1.21
value: £    £   
1 Ordinary £1 1 1