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REGISTERED NUMBER: 00563170 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Price Properties (Wirral) Limited

Price Properties (Wirral) Limited (Registered number: 00563170)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Price Properties (Wirral) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P C Price
Mrs P M Oldham



REGISTERED OFFICE: Military House
24 Castle Street
Chester
CH1 2DS



REGISTERED NUMBER: 00563170 (England and Wales)



ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS



BANKERS: HSBC
21 Pensby Road
Heswall
Wirral
CH607RL

Price Properties (Wirral) Limited (Registered number: 00563170)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1
Investment property 5 944,266 944,266
944,267 944,267

CURRENT ASSETS
Debtors 6 7,019 5,452
Cash at bank and in hand 24,372 21,146
31,391 26,598
CREDITORS
Amounts falling due within one year 7 25,328 24,659
NET CURRENT ASSETS 6,063 1,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

950,330

946,206

PROVISIONS FOR LIABILITIES 170,085 170,085
NET ASSETS 780,245 776,121

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Fair value reserve 9 725,100 725,100
Retained earnings 54,145 50,021
SHAREHOLDERS' FUNDS 780,245 776,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Price Properties (Wirral) Limited (Registered number: 00563170)

Balance Sheet - continued
31 March 2024


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 22 April 2024 and were signed on its behalf by:





P C Price - Director


Price Properties (Wirral) Limited (Registered number: 00563170)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Price Properties (Wirral) 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 as modified by the revaluation of certain assets.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - over 5 years

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 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 taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Price Properties (Wirral) Limited (Registered number: 00563170)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 1,664
DEPRECIATION
At 1 April 2023
and 31 March 2024 1,663
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 944,266
NET BOOK VALUE
At 31 March 2024 944,266
At 31 March 2023 944,266

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2021 895,185
Cost 49,081
944,266

The property is included at market value as calculated by the Directors of the company.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 7,019 5,452

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 2,760 2,516
Taxation and social security 7,981 7,588
Other creditors 14,587 14,555
25,328 24,659

Price Properties (Wirral) Limited (Registered number: 00563170)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 725,100