Company Registration No. 11560196 (England and Wales)
PGThree Properties Ltd
Unaudited accounts
for the year ended 31 March 2023
PGThree Properties Ltd
Unaudited accounts
Contents
PGThree Properties Ltd
Company Information
for the year ended 31 March 2023
Director
Mr Peter Anthony Gill
Company Number
11560196 (England and Wales)
Registered Office
19 Stareton Close
Coventry
CV4 7AU
United Kingdom
Accountants
Virtue Accounting Limited
53 Warwick Street
Coventry
CV5 6ET
PGThree Properties Ltd
Statement of financial position
as at 31 March 2023
Investment property
438,126
438,126
Cash at bank and in hand
12,906
4,272
Creditors: amounts falling due within one year
(112,770)
(113,279)
Net current liabilities
(99,864)
(109,007)
Total assets less current liabilities
338,262
329,119
Creditors: amounts falling due after more than one year
(337,780)
(337,780)
Net assets/(liabilities)
482
(8,661)
Called up share capital
10
10
Profit and loss account
472
(8,671)
Shareholders' funds
482
(8,661)
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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 September 2023 and were signed on its behalf by
Mr Peter Anthony Gill
Director
Company Registration No. 11560196
PGThree Properties Ltd
Notes to the Accounts
for the year ended 31 March 2023
PGThree Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11560196. The registered office is 19 Stareton Close, Coventry, CV4 7AU, 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.
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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
Movements on directors' loan accounts represent timing differences between amounts owed, and payments made, to directors in respect of expenses, remuneration and dividends. At the reporting date the amount owed by the company to Mr Gill was £112,710, a movement of £509 from the £113,219 owed by the company at the beginning of the period. No interest is charged on balances and no guarantees have been provided by either the company or the directors.
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).