Company Registration No. 12433819 (England and Wales)
Property Investments SW Limited
Unaudited accounts
for the year ended 31 January 2023
Property Investments SW Limited
Unaudited accounts
Contents
Property Investments SW Limited
Company Information
for the year ended 31 January 2023
Company Number
12433819 (England and Wales)
Registered Office
24 ORCHARD BOULEVARD
OLDLAND COMMON
BRISTOL
BS30 9PT
ENGLAND
Accountants
Clark Denney Limited
21 Snodhurst Avenue
Walderslade
Chatham
Kent
ME5 0SX
Property Investments SW Limited
Statement of financial position
as at 31 January 2023
Investment property
1,717,000
1,196,666
Cash at bank and in hand
4,562
35,795
Creditors: amounts falling due within one year
(488,662)
(402,336)
Net current liabilities
(480,476)
(363,766)
Total assets less current liabilities
1,236,524
832,900
Creditors: amounts falling due after more than one year
(1,027,323)
(799,617)
Provisions for liabilities
Deferred tax
(39,740)
(7,478)
Called up share capital
100
100
Profit and loss account
169,361
25,705
Shareholders' funds
169,461
25,805
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 October 2023 and were signed on its behalf by
A Kiely
Director
Company Registration No. 12433819
Property Investments SW Limited
Notes to the Accounts
for the year ended 31 January 2023
Property Investments SW Limited is a private company, limited by shares, registered in England and Wales, registration number 12433819. The registered office is 24 ORCHARD BOULEVARD , OLDLAND COMMON, BRISTOL, BS30 9PT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is recognised as rents receivable.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 February 2022
1,196,666
Net gain from fair value adjustments
169,804
At 31 January 2023
1,717,000
Property valuations have been carried out by the director.
Amounts falling due within one year
Property Investments SW Limited
Notes to the Accounts
for the year ended 31 January 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
22,514
21,726
Other creditors
464,349
379,350
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,027,323
799,617
Bank loans are secured by way of a charge on the property to which the loan relates.
8
Transactions with related parties
Included in other creditors are loans from AD Consultancy Group Ltd £24,000 (£24,000 -2022) and AD Consultancy Group SW
Ltd £440,000 (£355,000 - 2022), both companies in which Mr A Kiely is a director and shareholder.
These loans are interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).