1 April 2022 false No description of principal activity Taxfiler 2023.10 11041878business:PrivateLimitedCompanyLtd2022-04-012023-03-31 110418782022-03-31 110418782022-04-012023-03-31 11041878business:AuditExemptWithAccountantsReport2022-04-012023-03-31 11041878business:FilletedAccounts2022-04-012023-03-31 110418782023-03-31 11041878business:Director12022-04-012023-03-31 11041878business:Director22022-04-012023-03-31 11041878business:RegisteredOffice2022-04-012023-03-31 110418782022-03-31 11041878core:WithinOneYear2023-03-31 11041878core:WithinOneYear2022-03-31 11041878core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 11041878core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 11041878core:RevaluationReservecore:PreviouslyStatedAmount2023-03-31 11041878core:RevaluationReservecore:PreviouslyStatedAmount2022-03-31 11041878core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 11041878core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 11041878core:PreviouslyStatedAmount2023-03-31 11041878core:PreviouslyStatedAmount2022-03-31 11041878business:SmallEntities2022-04-012023-03-31 11041878countries:EnglandWales2022-04-012023-03-31 11041878core:LandBuildings2022-04-012023-03-31 11041878core:LandBuildings2022-03-31 11041878core:MotorVehicles2022-03-31 11041878core:MotorVehicles2022-04-012023-03-31 11041878core:LandBuildings2023-03-31 11041878core:MotorVehicles2023-03-31 110418782021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 11041878 (England and Wales)
PN Property Ltd Unaudited accounts for the year ended 31 March 2023
PN Property Ltd Unaudited accounts Contents
Page
- 2 -
PN Property Ltd Company Information for the year ended 31 March 2023
Directors
Paul Andrew FENTON Natalia FENTON
Company Number
11041878 (England and Wales)
Registered Office
WINTON HOUSE WINTON SQUARE BASINGSTOKE HAMPSHIRE RG21 8EN United Kingdom
Accountants
Cranleys Chartered Accountants Winton House Winton Square Basingstoke Hampshire RG21 8EN
- 3 -
PN Property Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,118,699 
8,077,999 
Current assets
Debtors
220,000 
- 
Cash at bank and in hand
355,140 
441,762 
575,140 
441,762 
Creditors: amounts falling due within one year
(7,852,421)
(7,935,166)
Net current liabilities
(7,277,281)
(7,493,404)
Net assets
841,418 
584,595 
Capital and reserves
Called up share capital
101 
101 
Revaluation reserve
127,105 
75,999 
Profit and loss account
714,212 
508,495 
Shareholders' funds
841,418 
584,595 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by
Paul Andrew FENTON Director Company Registration No. 11041878
- 4 -
PN Property Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
PN Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 11041878. The registered office is WINTON HOUSE, WINTON SQUARE, BASINGSTOKE, HAMPSHIRE, RG21 8EN, United Kingdom.
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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
None
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At 1 April 2022
8,036,374 
55,500 
8,091,874 
Revaluations
51,106 
- 
51,106 
At 31 March 2023
8,087,480 
55,500 
8,142,980 
Depreciation
At 1 April 2022
- 
13,875 
13,875 
Charge for the year
- 
10,406 
10,406 
At 31 March 2023
- 
24,281 
24,281 
Net book value
At 31 March 2023
8,087,480 
31,219 
8,118,699 
At 31 March 2022
8,036,374 
41,625 
8,077,999 
- 5 -
PN Property Ltd Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
220,000 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,431,344 
3,289,342 
Trade creditors
43,639 
38,000 
Taxes and social security
54,122 
55,205 
Other creditors
(1)
(1)
Loans from directors
4,319,477 
4,550,790 
Accruals
3,840 
1,830 
7,852,421 
7,935,166 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 6 -