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REGISTERED NUMBER: 12356659 (England and Wales)















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: Mrs N Palmer
Mr M R Palmer





REGISTERED OFFICE: Greenoaks
75 Manchester Road
Tytherington
Cheshire
SK10 2JW





REGISTERED NUMBER: 12356659 (England and Wales)





ACCOUNTANTS: KJG
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 1,782,143 1,810,880

CURRENT ASSETS
Debtors 5 14,959 -
Cash at bank 68,888 59,827
83,847 59,827
CREDITORS
Amounts falling due within one year 6 (1,790,859 ) (1,830,733 )
NET CURRENT LIABILITIES (1,707,012 ) (1,770,906 )
TOTAL ASSETS LESS CURRENT LIABILITIES 75,131 39,974

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 75,031 39,874
SHAREHOLDERS' FUNDS 75,131 39,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 in accordance with Section 476 of the Companies Act 2006.

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


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th September 2022 and were signed on its behalf by:





Mr M R Palmer - Director


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
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.

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 1,810,880
Repayment in year (28,737 )
At 31st December 2021 1,782,143

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 14,959 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 629,212 980,586
Amounts owed to participating interests 1,152,931 830,294
Taxation and social security 8,716 9,353
Other creditors - 10,500
1,790,859 1,830,733

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: £    £   
65 Ordinary A £1 65 65
35 Ordinary B £1 35 35
100 100