REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 |
FOR |
PALMER PROPERTIES INVESTMENTS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 |
FOR |
PALMER PROPERTIES INVESTMENTS LIMITED |
PALMER PROPERTIES INVESTMENTS LIMITED (REGISTERED NUMBER: 12356659) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31st December 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
PALMER PROPERTIES INVESTMENTS LIMITED |
COMPANY INFORMATION |
for the Year Ended 31st December 2021 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1 City Road East |
Manchester |
M15 4PN |
PALMER PROPERTIES INVESTMENTS LIMITED (REGISTERED NUMBER: 12356659) |
BALANCE SHEET |
31st December 2021 |
2021 | 2020 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
PALMER PROPERTIES INVESTMENTS LIMITED (REGISTERED NUMBER: 12356659) |
BALANCE SHEET - continued |
31st December 2021 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
PALMER PROPERTIES INVESTMENTS LIMITED (REGISTERED NUMBER: 12356659) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31st December 2021 |
1. | STATUTORY INFORMATION |
Palmer Properties Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 12356659. The address of the registered office and principal place of business is Greenoaks, 75 Manchester Road, Tytherington, Cheshire, SK10 2JW. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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. |
Cash and cash equivalents |
Cash and cash equivalents are represented by cash at bank and in hand. |
Trade and other debtors |
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts. |
Trade and other creditors |
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2020 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Loans to |
other |
participating |
interests |
£ |
At 1st January 2021 |
Repayment in year | ( |
) |
At 31st December 2021 |
PALMER PROPERTIES INVESTMENTS LIMITED (REGISTERED NUMBER: 12356659) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31st December 2021 |
4. | FIXED ASSET INVESTMENTS - continued |
Investments in participating interest are recognised at cost less provision for impairment. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Amounts owed by group undertakings |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Bank loans and overdrafts |
Amounts owed to participating interests | 1,152,931 | 830,294 |
Taxation and social security |
Other creditors |
7. | SECURED DEBTS |
National Westminster Bank PLC holds fixed and floating charges dated 12/02/2020 and 17/03/2020 over the assets of the company. |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
Ordinary A | £1 | 65 | 65 |
Ordinary B | £1 | 35 | 35 |
100 | 100 |