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Company Registration No. 11400222 (England and Wales)
Pinch Property Developments Limited Unaudited accounts for the year ended 30 June 2023
Pinch Property Developments Limited Unaudited accounts Contents
Page
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Pinch Property Developments Limited Company Information for the year ended 30 June 2023
Director
Simon Pinch
Company Number
11400222 (England and Wales)
Accountants
Kate King Accountancy Services ltd 33a Market Place Kendal Cumbria LA9 4TP
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Pinch Property Developments Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
51,159 
10,699 
Current assets
Inventories
35,000 
20,000 
Debtors
10,875 
15,747 
Cash at bank and in hand
48,092 
37,872 
93,967 
73,619 
Creditors: amounts falling due within one year
(80,900)
(71,057)
Net current assets
13,067 
2,562 
Total assets less current liabilities
64,226 
13,261 
Creditors: amounts falling due after more than one year
(61,526)
(11,133)
Net assets
2,700 
2,128 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,600 
2,028 
Shareholders' funds
2,700 
2,128 
For the year ending 30 June 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 27 October 2023 and were signed on its behalf by
Simon Pinch Director Company Registration No. 11400222
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Pinch Property Developments Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Pinch Property Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 11400222.
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.
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:
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
9,000 
13,743 
22,743 
Additions
52,536 
1,593 
54,129 
At 30 June 2023
61,536 
15,336 
76,872 
Depreciation
At 1 July 2022
3,720 
8,324 
12,044 
Charge for the year
11,563 
2,106 
13,669 
At 30 June 2023
15,283 
10,430 
25,713 
Net book value
At 30 June 2023
46,253 
4,906 
51,159 
At 30 June 2022
5,280 
5,419 
10,699 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,357 
14,996 
Accrued income and prepayments
518 
- 
Other debtors
- 
751 
10,875 
15,747 
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Pinch Property Developments Limited Notes to the Accounts for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,106 
3,800 
VAT
22,707 
26,277 
Trade creditors
35,877 
29,877 
Taxes and social security
29,226 
24,643 
Loans from directors
(15,216)
(14,740)
Accruals
1,200 
1,200 
80,900 
71,057 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
11,305 
11,133 
Obligations under finance leases and hire purchase contracts
50,221 
- 
61,526 
11,133 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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