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REGISTERED NUMBER: 10209294 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2023

for

P & C Properties North East Limited

P & C Properties North East Limited (Registered number: 10209294)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


P & C Properties North East Limited

Company Information
for the year ended 30 June 2023







DIRECTORS: M A Close
C Close





REGISTERED OFFICE: Portland House
Belmont Buisness Park
Durham
DH1 1TW





REGISTERED NUMBER: 10209294 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

P & C Properties North East Limited (Registered number: 10209294)

Statement of Financial Position
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 246
Investment property 5 534,217 534,217
534,217 534,463

CURRENT ASSETS
Debtors 6 816 944
Cash at bank 394 4,002
1,210 4,946
CREDITORS
Amounts falling due within one year 7 114,887 141,204
NET CURRENT LIABILITIES (113,677 ) (136,258 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

420,540

398,205

CREDITORS
Amounts falling due after more than one
year

8

379,655

379,972
NET ASSETS 40,885 18,233

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 40,883 18,231
SHAREHOLDERS' FUNDS 40,885 18,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

P & C Properties North East Limited (Registered number: 10209294)

Statement of Financial Position - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2023 and were signed on its behalf by:





M A Close - Director


P & C Properties North East Limited (Registered number: 10209294)

Notes to the Financial Statements
for the year ended 30 June 2023

1. STATUTORY INFORMATION

P & C Properties North East 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.

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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider to be appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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% Straight line

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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2022
and 30 June 2023 1,164
DEPRECIATION
At 1 July 2022 918
Charge for year 246
At 30 June 2023 1,164
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 246

P & C Properties North East Limited (Registered number: 10209294)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 534,217
NET BOOK VALUE
At 30 June 2023 534,217
At 30 June 2022 534,217

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 816 944

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 7,181 3,820
Directors' current accounts 106,536 136,484
Accrued expenses 1,170 900
114,887 141,204

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Mortgages more 5yrs instal 379,655 379,972

Amounts falling due in more than five years:

Repayable by instalments
Mortgages more 5yrs instal 379,655 379,972

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgages 379,655 379,972

Mortgages are secured on investment properties.