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REGISTERED NUMBER: 10791893 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2023

FOR

PROPERTY PIONEERS VENTURES LTD

PROPERTY PIONEERS VENTURES LTD (REGISTERED NUMBER: 10791893)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PROPERTY PIONEERS VENTURES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2023







DIRECTOR: A B G Sapala





REGISTERED OFFICE: 40 Egbert Gardens
Wickford
Essex
SS11 7BW





REGISTERED NUMBER: 10791893 (England and Wales)





ACCOUNTANTS: AKS Accounting Services Limited
Chartered Certified Accountants
39 St. Annes Road
London Colney
St Albans
Hertfordshire
AL2 1LQ

PROPERTY PIONEERS VENTURES LTD (REGISTERED NUMBER: 10791893)

STATEMENT OF FINANCIAL POSITION
31ST MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 880,000 817,000

CURRENT ASSETS
Debtors 5 - 3,320
Cash at bank and in hand 5,421 1,458
5,421 4,778
CREDITORS
Amounts falling due within one year 6 26,125 24,400
NET CURRENT LIABILITIES (20,704 ) (19,622 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

859,296

797,378

CREDITORS
Amounts falling due after more than one year 7 (626,319 ) (628,486 )

PROVISIONS FOR LIABILITIES 9 (47,657 ) (35,687 )
NET ASSETS 185,320 133,205

CAPITAL AND RESERVES
Called up share capital 10 100 100
Non-distributable reserve 205,747 154,717
Retained earnings (20,527 ) (21,612 )
SHAREHOLDERS' FUNDS 185,320 133,205

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

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

The director acknowledges his 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.

PROPERTY PIONEERS VENTURES LTD (REGISTERED NUMBER: 10791893)

STATEMENT OF FINANCIAL POSITION - continued
31ST MAY 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 director and authorised for issue on 13th February 2024 and were signed by:





A B G Sapala - Director


PROPERTY PIONEERS VENTURES LTD (REGISTERED NUMBER: 10791893)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023


1. STATUTORY INFORMATION

Property Pioneers Ventures Ltd 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.

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

PROPERTY PIONEERS VENTURES LTD (REGISTERED NUMBER: 10791893)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st June 2022 817,000
Fair value adjustments 63,000
At 31st May 2023 880,000
NET BOOK VALUE
At 31st May 2023 880,000
At 31st May 2022 817,000

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Fair value at 31st May 2023 is represented by:
£   
Valuation in 2023 63,000
Cost 817,000
880,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 3,320

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 26,125 24,400

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 626,319 628,486

PROPERTY PIONEERS VENTURES LTD (REGISTERED NUMBER: 10791893)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 626,319 628,486

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 626,319 628,486

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 47,657 35,687

Deferred
tax
£   
Balance at 1st June 2022 35,687
Provided during year 11,970
Balance at 31st May 2023 47,657

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100