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Company Registration No. 13676966 (England and Wales)
PIPELINE PROPERTIES LIMITED Unaudited accounts for the year ended 31 October 2023
PIPELINE PROPERTIES LIMITED Unaudited accounts Contents
Page
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PIPELINE PROPERTIES LIMITED Company Information for the year ended 31 October 2023
Directors
Simon Robert Vaughan VAUGHAN, Tara Donovan
Company Number
13676966 (England and Wales)
Registered Office
102 HAREWOOD AVENUE BOURNEMOUTH DORSET BH7 6NS UNITED KINGDOM
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PIPELINE PROPERTIES LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
397,004 
409,255 
Investments
37,289 
- 
434,293 
409,255 
Current assets
Debtors
563 
1,916 
Cash at bank and in hand
1,428 
807 
1,991 
2,723 
Creditors: amounts falling due within one year
13 
(1,097)
Net current assets
2,004 
1,626 
Total assets less current liabilities
436,297 
410,881 
Creditors: amounts falling due after more than one year
(491,169)
(445,075)
Net liabilities
(54,872)
(34,194)
Capital and reserves
Profit and loss account
(54,872)
(34,194)
Shareholders' funds
(54,872)
(34,194)
For the year ending 31 October 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 Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 22 February 2004 and were signed on its behalf by
Simon Robert Vaughan Director Company Registration No. 13676966
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PIPELINE PROPERTIES LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
PIPELINE PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13676966. The registered office is 102 HAREWOOD AVENUE, BOURNEMOUTH, DORSET, BH7 6NS, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18%
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
409,750 
13,324 
423,074 
At 31 October 2023
409,750 
13,324 
423,074 
Depreciation
At 1 November 2022
11,421 
2,398 
13,819 
Charge for the year
9,853 
2,398 
12,251 
At 31 October 2023
21,274 
4,796 
26,070 
Net book value
At 31 October 2023
388,476 
8,528 
397,004 
At 31 October 2022
398,329 
10,926 
409,255 
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PIPELINE PROPERTIES LIMITED Notes to the Accounts for the year ended 31 October 2023
5
Investments
Other investments 
£ 
Valuation at 1 November 2022
- 
Additions
34,000 
Fair value adjustments
3,289 
Valuation at 31 October 2023
37,289 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
563 
1,916 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
(1,109)
- 
Other creditors
1,096 
1,097 
(13)
1,097 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
301,827 
301,827 
Loans from directors
189,342 
143,248 
491,169 
445,075 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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