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REGISTERED NUMBER: 05507346 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Property Maintenance & Construction
Limited

Property Maintenance & Construction
Limited (Registered number: 05507346)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Property Maintenance & Construction
Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R O'Neill





REGISTERED OFFICE: Bleasdale Business Centre
Sefton House, Suites 6/7
Molyneux Way
Aintree
Merseyside
L10 2JA





REGISTERED NUMBER: 05507346 (England and Wales)





ACCOUNTANTS: Kinsella Clarke Limited
61 Stanley Road
Bootle
Merseyside
L20 7BZ

Property Maintenance & Construction
Limited (Registered number: 05507346)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,421 3,684
Investments 5 247,813 247,813
252,234 251,497

CURRENT ASSETS
Stocks - 1,012
Debtors 6 89,896 106,963
Cash at bank 52,264 42,632
142,160 150,607
CREDITORS
Amounts falling due within one year 7 71,472 41,309
NET CURRENT ASSETS 70,688 109,298
TOTAL ASSETS LESS CURRENT
LIABILITIES

322,922

360,795

CREDITORS
Amounts falling due after more than one
year

8

(32,855

)

(37,616

)

PROVISIONS FOR LIABILITIES (840 ) (700 )
NET ASSETS 289,227 322,479

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 289,127 322,379
289,227 322,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Property Maintenance & Construction
Limited (Registered number: 05507346)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2024 and were signed by:





R O'Neill - Director


Property Maintenance & Construction
Limited (Registered number: 05507346)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Property Maintenance & Construction 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance, 20% on reducing balance and not provided

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Property Maintenance & Construction
Limited (Registered number: 05507346)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 29,926
Additions 3,531
Disposals (4,196 )
At 31 December 2023 29,261
DEPRECIATION
At 1 January 2023 26,242
Charge for year 2,662
Eliminated on disposal (4,064 )
At 31 December 2023 24,840
NET BOOK VALUE
At 31 December 2023 4,421
At 31 December 2022 3,684

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 247,813
NET BOOK VALUE
At 31 December 2023 247,813
At 31 December 2022 247,813

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 87,536 96,688
Other debtors 2,360 10,275
89,896 106,963

Property Maintenance & Construction
Limited (Registered number: 05507346)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 4,998 4,998
Trade creditors 41,172 14,528
Taxation and social security 24,901 21,348
Other creditors 401 435
71,472 41,309

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 32,855 37,616

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,863 17,624

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
R O'Neill
Balance outstanding at start of year (27 ) (67 )
Amounts advanced 8,155 8,490
Amounts repaid (8,150 ) (8,450 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (22 ) (27 )