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Registration number: 13874050

PBTS Property Investment Ltd

Annual Report and Unaudited Financial Statements

for the Period from 26 January 2022 to 31 January 2023

 

PBTS Property Investment Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

PBTS Property Investment Ltd

Company Information

Directors

Mr Paul Andrew Brooksbank

Mr Timothy John Sheath

Registered office

20-22 Wenlock Road
London
N1 7GU

Accountants

RiverView Portfolio Limited
1 Market Hill
Calne
Wiltshire
SN11 0BT

 

PBTS Property Investment Ltd

(Registration number: 13874050)
Balance Sheet as at 31 January 2023

Note

2023
£

Current assets

 

Debtors

4

88

Cash at bank and in hand

 

10,668

 

10,756

Creditors: Amounts falling due within one year

5

(1,123)

Total assets less current liabilities

 

9,633

Creditors: Amounts falling due after more than one year

5

(28,439)

Net liabilities

 

(18,806)

Capital and reserves

 

Called up share capital

2

Retained earnings

(18,808)

Shareholders' deficit

 

(18,806)

For the financial period ending 31 January 2023 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 19 October 2023 and signed on its behalf by:
 

.........................................
Mr Paul Andrew Brooksbank
Director

.........................................
Mr Timothy John Sheath
Director

 

PBTS Property Investment Ltd

Notes to the Unaudited Financial Statements for the Period from 26 January 2022 to 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
20-22 Wenlock Road
London
N1 7GU

These financial statements were authorised for issue by the Board on 19 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

PBTS Property Investment Ltd

Notes to the Unaudited Financial Statements for the Period from 26 January 2022 to 31 January 2023 (continued)

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

4

Debtors

Note

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

2

Prepayments

 

86

 

88

 

PBTS Property Investment Ltd

Notes to the Unaudited Financial Statements for the Period from 26 January 2022 to 31 January 2023 (continued)

5

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

43

Accruals and deferred income

1,080

1,123

Creditors: amounts falling due after more than one year

Note

2023
£

Due after one year

 

Loans and borrowings

6

28,439

6

Loans and borrowings

2023
£

Non-current loans and borrowings

Other borrowings

28,439