Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr G J Anderson 17/11/2009 03 November 2023 The principal activity of the Company during the financial year was property surveying. 07078513 2023-03-31 07078513 bus:Director1 2023-03-31 07078513 2022-03-31 07078513 core:CurrentFinancialInstruments 2023-03-31 07078513 core:CurrentFinancialInstruments 2022-03-31 07078513 core:ShareCapital 2023-03-31 07078513 core:ShareCapital 2022-03-31 07078513 core:RetainedEarningsAccumulatedLosses 2023-03-31 07078513 core:RetainedEarningsAccumulatedLosses 2022-03-31 07078513 core:PlantMachinery 2022-03-31 07078513 core:FurnitureFittings 2022-03-31 07078513 core:PlantMachinery 2023-03-31 07078513 core:FurnitureFittings 2023-03-31 07078513 bus:OrdinaryShareClass1 2023-03-31 07078513 2022-04-01 2023-03-31 07078513 bus:FullAccounts 2022-04-01 2023-03-31 07078513 bus:SmallEntities 2022-04-01 2023-03-31 07078513 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07078513 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07078513 bus:Director1 2022-04-01 2023-03-31 07078513 core:PlantMachinery 2022-04-01 2023-03-31 07078513 core:FurnitureFittings 2022-04-01 2023-03-31 07078513 2021-04-01 2022-03-31 07078513 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 07078513 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07078513 (England and Wales)

PROPERTYPLANS(SOUTHWEST) LTD

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

PROPERTYPLANS(SOUTHWEST) LTD

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

PROPERTYPLANS(SOUTHWEST) LTD

COMPANY INFORMATION

For the financial year ended 31 March 2023
PROPERTYPLANS(SOUTHWEST) LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTOR Mr G J Anderson
REGISTERED OFFICE 11 West Villas
Cotford St Luke
Taunton
TA4 1DF
United Kingdom
COMPANY NUMBER 07078513 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Blackbrook Gate 1
Blackbrook Business Park
Taunton
Somerset TA1 2PX
PROPERTYPLANS(SOUTHWEST) LTD

BALANCE SHEET

As at 31 March 2023
PROPERTYPLANS(SOUTHWEST) LTD

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 2,721 3,764
2,721 3,764
Current assets
Debtors 4 200 0
Cash at bank and in hand 54,325 40,478
54,525 40,478
Creditors: amounts falling due within one year 5 ( 22,182) ( 20,092)
Net current assets 32,343 20,386
Total assets less current liabilities 35,064 24,150
Net assets 35,064 24,150
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account 35,063 24,149
Total shareholder's funds 35,064 24,150

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Propertyplans(Southwest) Ltd (registered number: 07078513) were approved and authorised for issue by the Director on 03 November 2023. They were signed on its behalf by:

Mr G J Anderson
Director
PROPERTYPLANS(SOUTHWEST) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
PROPERTYPLANS(SOUTHWEST) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Propertyplans(Southwest) Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 11 West Villas, Cotford St Luke, Taunton, TA4 1DF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

In light of the current economic situation, both in the UK and globally, impacted by rising energy costs, inflation and general cost of living increases, the director has given consideration to the impact of these issues on the operations and financial position of the company, as well as upon customers and suppliers. The director is satisfied that, having considered no less than 12 months from the date of approval of the financial statements, that the issues identified do not present a significant risk to the going concern basis of the company and, therefore, that the going concern basis of preparation remains appropriate.

Turnover

Turnover represents amounts chargeable in respect of the sale of services to customers.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Fixtures and fittings 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery Fixtures and fittings Total
£ £ £
Cost
At 01 April 2022 8,402 1,902 10,304
Disposals ( 473) ( 717) ( 1,190)
At 31 March 2023 7,929 1,185 9,114
Accumulated depreciation
At 01 April 2022 5,203 1,337 6,540
Charge for the financial year 799 141 940
Disposals ( 416) ( 671) ( 1,087)
At 31 March 2023 5,586 807 6,393
Net book value
At 31 March 2023 2,343 378 2,721
At 31 March 2022 3,199 565 3,764

4. Debtors

2023 2022
£ £
Trade debtors 200 0

5. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 12,584 11,827
Other creditors 9,598 8,265
22,182 20,092

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 Ordinary A share of £ 1.00 1 1