Power House Development Ltd Filleted Accounts Cover
Power House Development Ltd
Company No. 10090284
Information for Filing with The Registrar
31 March 2023
Power House Development Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 March 2023.
Principal activities
The principal activity of the company during the year under review was management of real estate on a fee or contract basis.
Directors
The Directors who served at any time during the year were as follows:
D. Bineth
S. Frankel
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
D. Bineth
Director
03 March 2024
Power House Development Ltd Balance Sheet Registrar
at
31 March 2023
Company No.
10090284
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
4,500,0004,500,000
4,500,0004,500,000
Current assets
Debtors
5
357,729298,079
Cash at bank and in hand
52,15932,518
409,888330,597
Creditors: Amount falling due within one year
6
(83,641)
(86,082)
Net current assets
326,247244,515
Total assets less current liabilities
4,826,2474,744,515
Creditors: Amounts falling due after more than one year
7
(2,260,527)
(2,290,387)
Net assets
2,565,7202,454,128
Capital and reserves
Called up share capital
100100
Revaluation reserve
9
2,024,2602,024,260
Profit and loss account
9
541,360429,768
Total equity
2,565,7202,454,128
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 03 March 2024 and signed on its behalf by:
D. Bineth
Director
03 March 2024
Power House Development Ltd Notes to the Accounts Registrar
for the year ended 31 March 2023
1
General information
Power House Development Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 10090284
Its registered office is:
141a Stamford Hill
London
N16 5LG
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts arising solely in the United Kingdom.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Tangible fixed assets
Land and buildings
Total
£
£
Cost or revaluation
At 1 April 2022
4,500,0004,500,000
At 31 March 2023
4,500,0004,500,000
Depreciation
Net book values
At 31 March 2023
4,500,0004,500,000
At 31 March 2022
4,500,000
4,500,000
5
Debtors
2023
2022
£
£
Trade debtors
24,63116,007
Other debtors
333,098282,072
357,729298,079
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
31,14645,568
Taxes and social security
43,262
34,241
Accruals and deferred income
9,2336,273
83,64186,082
7
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
2,260,5272,290,387
2,260,5272,290,387
8
Share Capital
Allotted, called up and unpaid share capital 100 £1 each
9
Reserves
Revaluation Reserve
Total other reserves
£
£
At 1 April 2021
1,428,053
1,428,053
Movement on revaluation reserve
596,207
596,207
At 31 March 2022 and 1 April 2022
2,024,260
2,024,260
At 31 March 2023
2,024,2602,024,260
Revaluation reserve - reflects the revaluation of property other than investment properties.
Profit and loss account - includes all current and prior period retained profits and losses.
10
Related party disclosures
Transactions with related parties
Parent Company
The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member:
The parent's registered office address is:
Power House Development Ltd1009028431 March 202301 April 2022false03 March 2024BTCSoftware AP Solution 2023 10.4.0310.4.03true100902842022-04-012023-03-31100902842023-03-31100902842022-03-3110090284core:WithinOneYear2023-03-3110090284core:WithinOneYear2022-03-3110090284core:AfterOneYear2023-03-3110090284core:AfterOneYear2022-03-3110090284core:ShareCapital2023-03-3110090284core:ShareCapital2022-03-3110090284core:RevaluationReserve2023-03-3110090284core:RevaluationReserve2022-03-3110090284core:RetainedEarningsAccumulatedLosses2023-03-3110090284core:RetainedEarningsAccumulatedLosses2022-03-3110090284countries:UnitedKingdom2022-04-012023-03-3110090284bus:RegisteredOffice2022-04-012023-03-31100902842021-04-012022-03-3110090284core:LandBuildings2022-04-01100902842022-04-0110090284core:LandBuildings2023-03-3110090284core:RevaluationReserve2021-04-0110090284core:OtherReservesSubtotal2021-04-0110090284core:RevaluationReservecore:PriorPeriodIncreaseDecrease2021-04-0110090284core:OtherReservesSubtotalcore:PriorPeriodIncreaseDecrease2021-04-0110090284core:RevaluationReserve2022-04-0110090284core:OtherReservesSubtotal2022-04-0110090284core:OtherReservesSubtotal2023-03-3110090284core:RevaluationReserve2022-04-012023-03-3110090284core:RetainedEarningsAccumulatedLosses2022-04-012023-03-3110090284bus:SmallEntities2022-04-012023-03-3110090284bus:FullAccounts2022-04-012023-03-3110090284bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3110090284bus:Director12022-04-012023-03-3110090284bus:PrivateLimitedCompanyLtd2022-04-012023-03-31iso4217:GBPxbrli:pure