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REGISTERED NUMBER: 11871790 (England and Wales)















Poulton Properties Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






Poulton Properties Limited (Registered number: 11871790)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Poulton Properties Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M Poulton
K Poulton
L E Poulton





REGISTERED OFFICE: 20 Coltsfoot Way
Broughton Astley
Leicester
LE9 6YX





REGISTERED NUMBER: 11871790 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Poulton Properties Limited (Registered number: 11871790)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,515 1,018
Investment property 5 1,451,680 1,550,680
1,453,195 1,551,698

CURRENT ASSETS
Debtors 6 5,395 5,395
Cash at bank 14,658 16,993
20,053 22,388
CREDITORS
Amounts falling due within one year 7 1,198,899 1,221,495
NET CURRENT LIABILITIES (1,178,846 ) (1,199,107 )
TOTAL ASSETS LESS CURRENT LIABILITIES 274,349 352,591

CREDITORS
Amounts falling due after more than one year 8 288,474 271,669
NET (LIABILITIES)/ASSETS (14,125 ) 80,922

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (14,225 ) 80,822
SHAREHOLDERS' FUNDS (14,125 ) 80,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Poulton Properties Limited (Registered number: 11871790)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





M Poulton - Director


Poulton Properties Limited (Registered number: 11871790)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Poulton Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover within the financial statements represents the rental income received from the company's investment properties.

Rental income is recognised in the accounts in line with the period that it is due for.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
At the year end the company had net current liabilities and net liabilities. The Directors believe that there are sufficient resources in place to ensure that there are no going concern issues.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Poulton Properties Limited (Registered number: 11871790)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022 1,428
Additions 949
At 31 March 2023 2,377
DEPRECIATION
At 1 April 2022 410
Charge for year 452
At 31 March 2023 862
NET BOOK VALUE
At 31 March 2023 1,515
At 31 March 2022 1,018

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,550,680
Revaluations (99,000 )
At 31 March 2023 1,451,680
NET BOOK VALUE
At 31 March 2023 1,451,680
At 31 March 2022 1,550,680

The directors believe that at the year end the carrying value of the properties is a fair representation of their values.

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 1,451,680

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 5,395 5,395

Poulton Properties Limited (Registered number: 11871790)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 4,644 9,519
Other creditors 1,194,255 1,211,976
1,198,899 1,221,495

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 288,474 271,669

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 288,474 271,669