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REGISTERED NUMBER: 08300871 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022

FOR

PILTDOWN PROPERTIES LIMITED

PILTDOWN PROPERTIES LIMITED (REGISTERED NUMBER: 08300871)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


PILTDOWN PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2022







DIRECTOR: Mrs C L MacDonald





REGISTERED OFFICE: Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB





REGISTERED NUMBER: 08300871 (England and Wales)





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

PILTDOWN PROPERTIES LIMITED (REGISTERED NUMBER: 08300871)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30 NOVEMBER 2022

The director presents her report with the financial statements of the company for the year ended 30 November 2022.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of buying, renovating, selling and renting of property.

DIRECTOR
Mrs C L MacDonald was the sole director during the year under review.

Her beneficial interest in the issued share capital of the company was as follows:

30.11.22 1.12.21
Ordinary 1 shares 1 1

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs C L MacDonald - Director


2 October 2023

PILTDOWN PROPERTIES LIMITED (REGISTERED NUMBER: 08300871)

INCOME STATEMENT
FOR THE YEAR ENDED 30 NOVEMBER 2022

2022 2021
Notes £    £   

TURNOVER - -

Administrative expenses 103,411 58,851
(103,411 ) (58,851 )

Other operating income 198,091 148,573
OPERATING PROFIT 4 94,680 89,722


Interest payable and similar expenses 67,183 38,813
PROFIT BEFORE TAXATION 27,497 50,909

Tax on profit 3,947 -
PROFIT FOR THE FINANCIAL YEAR 23,550 50,909

PILTDOWN PROPERTIES LIMITED (REGISTERED NUMBER: 08300871)

BALANCE SHEET
30 NOVEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 454,856 454,994
Investment property 6 2,972,477 2,747,908
3,427,333 3,202,902

CURRENT ASSETS
Debtors 7 - 37,090
Cash at bank and in hand 34,518 414,087
34,518 451,177
CREDITORS
Amounts falling due within one year 8 13,383 67,415
NET CURRENT ASSETS 21,135 383,762
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,448,468

3,586,664

CREDITORS
Amounts falling due after more than one
year

9

3,371,423

3,533,169
NET ASSETS 77,045 53,495

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 77,044 53,494
SHAREHOLDERS' FUNDS 77,045 53,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

PILTDOWN PROPERTIES LIMITED (REGISTERED NUMBER: 08300871)

BALANCE SHEET - continued
30 NOVEMBER 2022


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

The financial statements were approved by the director and authorised for issue on 2 October 2023 and were signed by:





Mrs C L MacDonald - Director


PILTDOWN PROPERTIES LIMITED (REGISTERED NUMBER: 08300871)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1. STATUTORY INFORMATION

Piltdown Properties 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 15% on reducing balance

Investment property
No depreciation has been provided on the investment property and this is contrary to the Companies Act.
Investment properties are not shown in the balance sheet at their market value because to do so would involve expenses and outlay out of proportion to the value of the members of the company.This policy does not apply to the Statement of Standard Accounting Practice number 19

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 NIL (2021 - 3 ).

4. OPERATING PROFIT

The operating profit is stated after charging:

2022 2021
£    £   
Depreciation - owned assets 138 140

PILTDOWN PROPERTIES LIMITED (REGISTERED NUMBER: 08300871)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 December 2021
and 30 November 2022 454,197 1,048 715 455,960
DEPRECIATION
At 1 December 2021 - 859 107 966
Charge for year - 47 91 138
At 30 November 2022 - 906 198 1,104
NET BOOK VALUE
At 30 November 2022 454,197 142 517 454,856
At 30 November 2021 454,197 189 608 454,994

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2021 2,747,908
Additions 600,401
Disposals (375,832 )
At 30 November 2022 2,972,477
NET BOOK VALUE
At 30 November 2022 2,972,477
At 30 November 2021 2,747,908

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by participating interests - 37,090

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 3 20,472
Tax 3,947 -
Social security and other taxes 5,633 3,714
Other creditors - 6,879
Directors' current accounts - 32,550
Accruals and deferred income 3,800 3,800
13,383 67,415

PILTDOWN PROPERTIES LIMITED (REGISTERED NUMBER: 08300871)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 2-5 years 304,211 304,211
Bank loans more 5 yr by instal 1,660,788 2,000,153
Other loans - 2-5 years 175,000 175,000
Other creditors 1,231,424 1,053,805
3,371,423 3,533,169

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,660,788 2,000,153