PTP Accounts Production v24.1.4.33 03471543 director 1.12.22 30.11.23 30.11.23 false true false false true false Fair value model Ordinary 1.00000 Preference 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034715432022-11-30034715432023-11-30034715432022-12-012023-11-30034715432021-11-30034715432021-12-012022-11-30034715432022-11-3003471543ns15:EnglandWales2022-12-012023-11-3003471543ns14:PoundSterling2022-12-012023-11-3003471543ns10:Director12022-12-012023-11-3003471543ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3003471543ns10:SmallEntities2022-12-012023-11-3003471543ns10:AuditExemptWithAccountantsReport2022-12-012023-11-3003471543ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3003471543ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3003471543ns10:FullAccounts2022-12-012023-11-3003471543ns10:OrdinaryShareClass12022-12-012023-11-3003471543ns10:OrdinaryShareClass22022-12-012023-11-3003471543ns10:CompanySecretary12022-12-012023-11-3003471543ns10:RegisteredOffice2022-12-012023-11-3003471543ns5:CurrentFinancialInstruments2023-11-3003471543ns5:CurrentFinancialInstruments2022-11-3003471543ns5:Non-currentFinancialInstruments2023-11-3003471543ns5:Non-currentFinancialInstruments2022-11-3003471543ns5:ShareCapital2023-11-3003471543ns5:ShareCapital2022-11-3003471543ns5:SharePremium2023-11-3003471543ns5:SharePremium2022-11-3003471543ns5:RetainedEarningsAccumulatedLosses2023-11-3003471543ns5:RetainedEarningsAccumulatedLosses2022-11-3003471543ns5:PlantMachinery2022-12-012023-11-3003471543ns5:PlantMachinery2022-11-3003471543ns5:PlantMachinery2023-11-3003471543ns5:PlantMachinery2022-11-3003471543ns5:Secured2023-11-3003471543ns5:Secured2022-11-3003471543ns10:OrdinaryShareClass12023-11-3003471543ns10:OrdinaryShareClass22023-11-30
REGISTERED NUMBER: 03471543 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 November 2023

for

David Pritchard Properties Limited

David Pritchard Properties Limited (Registered number: 03471543)






Contents of the Financial Statements
For The Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

David Pritchard Properties Limited

Company Information
For The Year Ended 30 November 2023







DIRECTOR: Mr D Pritchard





SECRETARY: Mrs R W Pritchard





REGISTERED OFFICE: Glasfryn
Cadnant Park
Conwy
LL32 8PP





REGISTERED NUMBER: 03471543 (England and Wales)





ACCOUNTANTS: David Lloyd Accountancy Services Limited
Chartered Certified Accountants
22 Cysgod-y-Graig
Denbigh
Denbighshire
LL16 3TD

David Pritchard Properties Limited (Registered number: 03471543)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,197 9,597
Investment property 5 928,720 928,720
935,917 938,317

CURRENT ASSETS
Cash at bank 457,264 411,843

CREDITORS
Amounts falling due within one year 6 149,099 149,506
NET CURRENT ASSETS 308,165 262,337
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,244,082

1,200,654

CREDITORS
Amounts falling due after more than one year 7 56,412 78,000
NET ASSETS 1,187,670 1,122,654

CAPITAL AND RESERVES
Called up share capital 9 3,000 3,000
Share premium 198,393 198,393
Retained earnings 986,277 921,261
SHAREHOLDERS' FUNDS 1,187,670 1,122,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

David Pritchard Properties Limited (Registered number: 03471543)

Balance Sheet - continued
30 November 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 15 August 2024 and were signed by:





Mr D Pritchard - Director


David Pritchard Properties Limited (Registered number: 03471543)

Notes to the Financial Statements
For The Year Ended 30 November 2023

1. STATUTORY INFORMATION

David Pritchard Properties 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 and 20% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

David Pritchard Properties Limited (Registered number: 03471543)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 22,710
DEPRECIATION
At 1 December 2022 13,113
Charge for year 2,400
At 30 November 2023 15,513
NET BOOK VALUE
At 30 November 2023 7,197
At 30 November 2022 9,597

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 928,720
NET BOOK VALUE
At 30 November 2023 928,720
At 30 November 2022 928,720

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 21,500 21,479
Taxation and social security 19,660 16,320
Other creditors 107,939 111,707
149,099 149,506

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 56,412 78,000

David Pritchard Properties Limited (Registered number: 03471543)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 77,912 99,479

The Lloyds Bank loan is secured against the property - 149 Upper Mostyn Street , Llandudno , Conwy.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
500 Ordinary £1 500 500
2,500 Preference £1 2,500 2,500
3,000 3,000

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Pritchard.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
David Pritchard Properties Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of David Pritchard Properties Limited for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of David Pritchard Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of David Pritchard Properties Limited and state those matters that we have agreed to state to the director of David Pritchard Properties Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that David Pritchard Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of David Pritchard Properties Limited. You consider that David Pritchard Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of David Pritchard Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






David Lloyd Accountancy Services Limited
Chartered Certified Accountants
22 Cysgod-y-Graig
Denbigh
Denbighshire
LL16 3TD


15 August 2024