REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 November 2023 |
for |
PLP Property Investments Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 November 2023 |
for |
PLP Property Investments Ltd |
PLP Property Investments Ltd (Registered number: 09866492) |
Contents of the Financial Statements |
for the Year Ended 30 November 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
PLP Property Investments Ltd |
Company Information |
for the Year Ended 30 November 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
704 |
London Road, |
North Cheam |
Sutton |
Surrey |
SM3 9BY |
PLP Property Investments Ltd (Registered number: 09866492) |
Statement of Financial Position |
30 November 2023 |
30.11.23 | 30.11.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
PLP Property Investments Ltd (Registered number: 09866492) |
Statement of Financial Position - continued |
30 November 2023 |
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 director and authorised for issue on |
PLP Property Investments Ltd (Registered number: 09866492) |
Notes to the Financial Statements |
for the Year Ended 30 November 2023 |
1. | STATUTORY INFORMATION |
PLP Property Investments Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 Statement of Income and Retained Earnings, 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. |
Going concern |
The Directors have prepared Financial Statements on Going Concern basis and the directors have reviewed and concluded that there are no material uncertainties which could cast any doubt over the company's ability to continue as a going concern for the next twelve months from the date of approval of these financial statements. We have evaluated the director's conclusion in relation to the company's business position and the risk that might affect the company's ability to continue its operations over the going concern period. We have nothing to report in this respect. |
PLP Property Investments Ltd (Registered number: 09866492) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2023 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | INVESTMENT PROPERTY |
Freehold Investment properties are included in the balance sheet at revalued amount. This accounting policy is departure from the general requirements of the Companies Act 1985 for all the tangible assets to appreciate/ depreciate. In the opinion of the director's compliance with this policy is necessary for the accounts to give true and fair view. |
Cost or valuation at 30 November 2023 is represented by: |
£ |
Valuation in 2017 | 12,576 |
Valuation in 2021 | 209,314 |
Valuation in 2023 | 92,985 |
Cost | 1,218,629 |
1,533,504 |
Freehold Investment properties are included in the balance sheet at revalued amount. This accounting policy is departure from the general requirements of the Companies Act 1985 for all the tangible assets to appreciate/ depreciate. In the opinion of the director's compliance with this policy is necessary for the accounts to give true and fair view. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.23 | 30.11.22 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.23 | 30.11.22 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.11.23 | 30.11.22 |
£ | £ |
Other creditors |
PLP Property Investments Ltd (Registered number: 09866492) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
30.11.23 | 30.11.22 |
£ | £ |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Other loans more 5yrs non-inst |
Repayable by instalments |
Other loans more 5yrs instal | 206,021 | 219,407 |
8. | OTHER CREDITORS |
Other Creditors include Loan from AOCS Property Maintenance Ltd, amounting £807,547 (2022: £659,547). AOCS Property Maintenance Ltd is parent company holding all issued share of PLP Property Investments Ltd. |
9. | DIRECTOR REPORT ON REVALUATION |
Freehold investment properties are included in the balance sheet at cost. This accounting policy is departure from the general requirement of the Companies Act 1985 for all tangible assets to depreciate. In the opinion of the director's compliance whit this policy is necessary for the accounts to give true and fair view. |