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REGISTERED NUMBER: 10997680 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

PIPPIN PROPERTY SOLUTIONS LIMITED

PIPPIN PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 10997680)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PIPPIN PROPERTY SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







Directors: A Hodkinson
Ms R Rowsell





Registered office: Dickens House
Guithavon Street
Witham
Essex
CM8 1BJ





Registered number: 10997680 (England and Wales)





Accountants: Baverstocks Limited
Chartered Certified Accountants
Dickens House
Guithavon Street
Witham
Essex
CM8 1BJ

PIPPIN PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 10997680)

ABRIDGED BALANCE SHEET
31 OCTOBER 2022

2022 2021
Notes £    £    £    £   
Fixed assets
Investment property 4 690,031 430,499

Current assets
Prepayments and accrued income 13,316 -
Cash at bank 3,138 98,731
16,454 98,731
Creditors
Amounts falling due within one year 31,492 68,421
Net current (liabilities)/assets (15,038 ) 30,310
Total assets less current liabilities 674,993 460,809

Creditors
Amounts falling due after more than one
year

5

(644,261

)

(429,883

)

Provisions for liabilities (13,986 ) (13,986 )
Net assets 16,746 16,940

Capital and reserves
Called up share capital 100 100
Non distributable reserve 7 59,624 59,624
Retained earnings (42,978 ) (42,784 )
Shareholders' funds 16,746 16,940

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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.

PIPPIN PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 10997680)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2022


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 October 2023 and were signed on its behalf by:




A Hodkinson - Director



Ms R Rowsell - Director


PIPPIN PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 10997680)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1. Statutory information

Pippin Property Solutions 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.

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 NIL (2021 - NIL).

PIPPIN PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 10997680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

4. Investment property
Total
£   
Fair value
At 1 November 2021 430,499
Additions 335,031
Disposals (75,499 )
At 31 October 2022 690,031
Net book value
At 31 October 2022 690,031
At 31 October 2021 430,499

Fair value at 31 October 2022 is represented by:
£   
Valuation in 2018 61,109
Valuation in 2019 10,848
Valuation in 2020 1,653
Cost 616,421
690,031

5. Creditors: amounts falling due after more than five years
2022 2021
£    £   
Repayable by instalments
Bank Loans 271,248 271,249

6. Secured debts

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 302,915 303,249

7. Reserves
Non
distributable
reserve
£   
At 1 November 2021
and 31 October 2022 59,624