1 February 2022 false No description of principal activity Taxfiler 2023.10 12433819business:PrivateLimitedCompanyLtd2022-02-012023-01-31 124338192022-01-31 124338192022-02-012023-01-31 12433819business:AuditExemptWithAccountantsReport2022-02-012023-01-31 12433819business:FilletedAccounts2022-02-012023-01-31 124338192023-01-31 12433819business:Director12022-02-012023-01-31 12433819business:RegisteredOffice2022-02-012023-01-31 124338192022-01-31 12433819core:WithinOneYear2023-01-31 12433819core:WithinOneYear2022-01-31 12433819core:AfterOneYear2023-01-31 12433819core:AfterOneYear2022-01-31 12433819core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 12433819core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 12433819core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 12433819core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 12433819core:PreviouslyStatedAmount2023-01-31 12433819core:PreviouslyStatedAmount2022-01-31 12433819business:SmallEntities2022-02-012023-01-31 12433819countries:EnglandWales2022-02-012023-01-31 12433819core:AfterOneYear2022-02-012023-01-31 124338192021-02-012022-01-31 iso4217:GBP xbrli:pure
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
Page
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Property Investments SW Limited Company Information for the year ended 31 January 2023
Director
A Kiely
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
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Property Investments SW Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
1,717,000 
1,196,666 
Current assets
Debtors
3,624 
2,775 
Cash at bank and in hand
4,562 
35,795 
8,186 
38,570 
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)
Net assets
169,461 
25,805 
Capital and reserves
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
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Property Investments SW Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is recognised as rents receivable.
Investment property
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 taxation
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.
4
Investment property
2023 
£ 
Fair value at 1 February 2022
1,196,666 
Additions
350,530 
Net gain from fair value adjustments
169,804 
At 31 January 2023
1,717,000 
Property valuations have been carried out by the director.
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
3,624 
2,775 
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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 
Accruals
1,799 
1,260 
488,662 
402,336 
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).
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