2023-02-012024-01-312024-01-31false11763146PROPERTY PAL (ISLE OF SHEPPEY) 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PROPERTY PAL (ISLE OF SHEPPEY) LTD

Registered Number
11763146
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

PROPERTY PAL (ISLE OF SHEPPEY) LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

LEACOCK, Paul Allen

Registered Address

The Berries Wing Road
Leysdown-On-Sea
Sheerness
ME12 4QR

Registered Number

11763146 (England and Wales)
PROPERTY PAL (ISLE OF SHEPPEY) LTD
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets310,50010,500
10,50010,500
Current assets
Debtors1,294307
Cash at bank and on hand1,9191,489
3,2131,796
Creditors amounts falling due within one year4(12,645)(12,916)
Net current assets (liabilities)(9,432)(11,120)
Total assets less current liabilities1,068(620)
Creditors amounts falling due after one year5(1,000)-
Net assets68(620)
Capital and reserves
Called up share capital1010
Profit and loss account58(630)
Shareholders' funds68(620)
The financial statements were approved and authorised for issue by the Director on 2 April 2024, and are signed on its behalf by:
LEACOCK, Paul Allen
Director
Registered Company No. 11763146
PROPERTY PAL (ISLE OF SHEPPEY) LTD
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is not provided on the freehold title held.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 February 2310,50010,500
At 31 January 2410,50010,500
Net book value
At 31 January 2410,50010,500
At 31 January 2310,50010,500
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-1,693
Taxation and social security160169
Other creditors11,88510,299
Accrued liabilities and deferred income600755
Total12,64512,916
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Other creditors1,000-
Total1,000-