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REGISTERED NUMBER: 06652784 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

P & T (WSM) LIMITED

P & T (WSM) LIMITED (REGISTERED NUMBER: 06652784)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P & T (WSM) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: K Pavlou
J Tsaroullas





SECRETARY: J Tsaroullas





REGISTERED OFFICE: York Hotel
1 - 3 St Margarets Terrace
Weston-super-Mare
North Somerset
BS23 1AH





REGISTERED NUMBER: 06652784 (England and Wales)





ACCOUNTANTS: Peregrine
Chartered Accountants
Old Bank
The Triangle
Paulton
Bristol
BS39 7LE

P & T (WSM) LIMITED (REGISTERED NUMBER: 06652784)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,647 13,703
Investment property 5 1,430,000 1,300,000
1,441,647 1,313,703

CURRENT ASSETS
Debtors 6 - 12,040

CREDITORS
Amounts falling due within one year 7 662,047 663,868
NET CURRENT LIABILITIES (662,047 ) (651,828 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

779,600

661,875

CREDITORS
Amounts falling due after more than one
year

8

(61,237

)

(94,613

)

PROVISIONS FOR LIABILITIES (850 ) (850 )
NET ASSETS 717,513 566,412

CAPITAL AND RESERVES
Called up share capital 120 120
Revaluation reserve 9 303,659 303,659
Retained earnings 413,734 262,633
SHAREHOLDERS' FUNDS 717,513 566,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

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 Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:




J Tsaroullas - Director


P & T (WSM) LIMITED (REGISTERED NUMBER: 06652784)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

P & T (WSM) 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 as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 2 (2022 - 2 ) .

P & T (WSM) LIMITED (REGISTERED NUMBER: 06652784)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 64,000
DEPRECIATION
At 1 February 2022 50,297
Charge for year 2,056
At 31 January 2023 52,353
NET BOOK VALUE
At 31 January 2023 11,647
At 31 January 2022 13,703

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 1,300,000
Revaluations 130,000
At 31 January 2023 1,430,000
NET BOOK VALUE
At 31 January 2023 1,430,000
At 31 January 2022 1,300,000

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2023 130,000
Cost 1,300,000
1,430,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 12,040

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 254,646 235,939
Trade creditors - 14,801
Amounts owed to group undertakings 244,806 252,967
Taxation and social security 14,572 12,277
Other creditors 148,023 147,884
662,047 663,868

P & T (WSM) LIMITED (REGISTERED NUMBER: 06652784)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 61,237 94,613

9. RESERVES
Revaluation
reserve
£   
At 1 February 2022
and 31 January 2023 303,659