Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31truefalse2022-04-01No description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09333341 2022-04-01 2023-03-31 09333341 2021-04-01 2022-03-31 09333341 2023-03-31 09333341 2022-03-31 09333341 c:Director1 2022-04-01 2023-03-31 09333341 d:LeaseholdInvestmentProperty 2023-03-31 09333341 d:LeaseholdInvestmentProperty 2022-03-31 09333341 d:CurrentFinancialInstruments 2023-03-31 09333341 d:CurrentFinancialInstruments 2022-03-31 09333341 d:Non-currentFinancialInstruments 2023-03-31 09333341 d:Non-currentFinancialInstruments 2022-03-31 09333341 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09333341 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09333341 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09333341 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 09333341 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 09333341 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 09333341 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 09333341 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 09333341 d:ShareCapital 2023-03-31 09333341 d:ShareCapital 2022-03-31 09333341 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 09333341 d:RetainedEarningsAccumulatedLosses 2023-03-31 09333341 d:RetainedEarningsAccumulatedLosses 2022-03-31 09333341 c:FRS102 2022-04-01 2023-03-31 09333341 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09333341 c:FullAccounts 2022-04-01 2023-03-31 09333341 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09333341 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 09333341 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 09333341 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 09333341 d:TaxLossesCarry-forwardsDeferredTax 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 09333341









PDP PROPERTY INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
PDP PROPERTY INVESTMENTS LIMITED
REGISTERED NUMBER: 09333341

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
325,000
325,000

  
325,000
325,000

Current assets
  

Debtors
  
2,502
637

Cash at bank and in hand
 5 
39,953
2,428

  
42,455
3,065

Creditors: amounts falling due within one year
 6 
(105,680)
(100,180)

Net current liabilities
  
 
 
(63,225)
 
 
(97,115)

Total assets less current liabilities
  
261,775
227,885

Creditors: amounts falling due after more than one year
 7 
(278,340)
(236,502)

  

Net liabilities
  
(16,565)
(8,617)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
 10 
(16,665)
(8,717)

  
(16,565)
(8,617)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
 
Page 1

 
PDP PROPERTY INVESTMENTS LIMITED
REGISTERED NUMBER: 09333341
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023


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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 November 2023.




P. S. Lewis
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PDP PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

PDP Property Investments Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 30 Orange Street, London, WC2H 7HF.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable.
Revenue represents rents receivable from property.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured at fair value.

Page 3

 
PDP PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
PDP PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Investment property


Long term leasehold investment property

£



Valuation


At 1 April 2022
325,000



At 31 March 2023
325,000

The director considers there has not been a change in value on the property in the year up to 31st March 2023.




5.


Cash

2023
2022
£
£

Cash at bank
39,953
2,428

39,953
2,428



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,660
9,572

Trade creditors
-
1,110

AMES Contracting limted
88,718
41,499

P H W Projects Limited
-
41,499

Directors loan account
3,902
3,902

Accruals
2,400
2,598

105,680
100,180


Page 5

 
PDP PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
249,340
236,502

Other loans
29,000
-

278,340
236,502



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,660
9,572


10,660
9,572

Amounts falling due 1-2 years

Bank loans
42,640
38,289


42,640
38,289


Amounts falling due after more than 5 years

Bank loans
206,700
198,213

Other loans
29,000
-

235,700
198,213

289,000
246,074


The loan is repayable over 20 years from October 2022 at an initial interest rate of 4.10% per annum.
The bank loan is secured by both a fixed and floating charge over all the company's assets.
The other loan of £29,000 is repayable after the bank loan, expected to be after a minimum of 5 years unless otherwise agreed, and will be repaid with interest calculated based on the increase in value of the property over that period.

Page 6

 
PDP PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Deferred taxation




2023


£






At beginning of year
637


Charged to profit or loss
1,865



At end of year
2,502

The deferred tax asset is made up as follows:

2023
2022
£
£


Revaluation gains
(1,938)
(1,938)

Tax losses carried forward
4,440
2,575

2,502
637


10.


Reserves

Profit and loss account

This includes unrealised gains of £12,703 which are not distrutable reserves.


11.


Related party transactions

AMES Contracting Limited is a related party as the director P. S. Lewis and his wife wholly own the company. At 31 March 2023, the company owed AMES Contracting Limited £88,718 (2022 - £41,499).
PHW Projects Limited is a related party as the director of that company P Heard-White is closely connected as a former director and shareholder and now creditor. On 31 March 2023 PHW Projects Limited is owed £nil by the company (2022 - £41,499).
Sam Lewis, son of the owner has provided a loan of £29,000 details of which can be found in Note 9. 

 
Page 7