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
Pinch Property Developments Limited
Company Information
for the year ended 30 June 2023
Company Number
11400222 (England and Wales)
Accountants
Kate King Accountancy Services ltd
33a Market Place
Kendal
Cumbria
LA9 4TP
Pinch Property Developments Limited
Statement of financial position
as at 30 June 2023
Tangible assets
51,159
10,699
Cash at bank and in hand
48,092
37,872
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)
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
Pinch Property Developments Limited
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 30 June 2023
46,253
4,906
51,159
At 30 June 2022
5,280
5,419
10,699
Amounts falling due within one year
Trade debtors
10,357
14,996
Accrued income and prepayments
518
-
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
Trade creditors
35,877
29,877
Taxes and social security
29,226
24,643
Loans from directors
(15,216)
(14,740)
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
50,221
-
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).