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COMPANY REGISTRATION NUMBER: 11977438
P&A Property Sourcing Ltd
Filleted Unaudited Financial Statements
31 May 2022
P&A Property Sourcing Ltd
Statement of Financial Position
31 May 2022
2022
2021
Note
£
£
Fixed assets
Tangible assets
4
1,445
294
Current assets
Debtors
5
10,271
5,282
Cash at bank and in hand
46,149
42,206
--------
--------
56,420
47,488
Creditors: amounts falling due within one year
6
22,957
8,312
--------
--------
Net current assets
33,463
39,176
--------
--------
Total assets less current liabilities
34,908
39,470
Creditors: amounts falling due after more than one year
7
26,072
21,617
Provisions
71
( 34)
--------
--------
Net assets
8,765
17,887
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
8,665
17,787
-------
--------
Shareholders funds
8,765
17,887
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
P&A Property Sourcing Ltd
Statement of Financial Position (continued)
31 May 2022
These financial statements were approved by the board of directors and authorised for issue on 6 October 2023 , and are signed on behalf of the board by:
Mr P Juhasz
Director
Company registration number: 11977438
P&A Property Sourcing Ltd
Notes to the Financial Statements
Year ended 31 May 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lonsdale House, 52 Blucher Street, Birmingham, B1 1QU, West Midlands.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
3. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2021: 2 ).
4. Tangible assets
Equipment
£
Cost
At 1 June 2021
548
Additions
1,633
-------
At 31 May 2022
2,181
-------
Depreciation
At 1 June 2021
254
Charge for the year
482
-------
At 31 May 2022
736
-------
Carrying amount
At 31 May 2022
1,445
-------
At 31 May 2021
294
-------
5. Debtors
2022
2021
£
£
Trade debtors
2,947
279
Other debtors
7,324
5,003
--------
-------
10,271
5,282
--------
-------
6. Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
3,507
7,112
Other creditors
19,450
1,200
--------
-------
22,957
8,312
--------
-------
7. Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
7,773
10,000
Corporation tax
7,869
4,179
Social security and other taxes
2,905
106
Other creditors
7,525
7,332
--------
--------
26,072
21,617
--------
--------