Company registration number 10807401 (England and Wales)
THE PLAYERS LETTING COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
30-31 St.James Place
Mangotsfield
Bristol
United Kingdom
BS16 9JB
THE PLAYERS LETTING COMPANY LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 6
THE PLAYERS LETTING COMPANY LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr O Player
Miss I Player
Mr E Player
Company number
10807401
Registered office
1 Players Court
Oldland Common
Bristol
BS30 9ED
Accountants
TC Group
30-31 St.James Place
Mangotsfield
Bristol
United Kingdom
BS16 9JB
THE PLAYERS LETTING COMPANY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment properties
3
410,000
410,000
Current assets
Cash at bank and in hand
7,651
39,480
Creditors: amounts falling due within one year
4
(136,401)
(134,967)
Net current liabilities
(128,750)
(95,487)
Total assets less current liabilities
281,250
314,513
Creditors: amounts falling due after more than one year
5
(202,319)
(230,074)
Provisions for liabilities
6
(19,330)
(14,691)
Net assets
59,601
69,748
Capital and reserves
Called up share capital
150
150
Profit and loss reserves
7
59,451
69,598
Total equity
59,601
69,748
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial Period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
THE PLAYERS LETTING COMPANY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 9 July 2024 and are signed on its behalf by:
Mr E Player
Director
Company Registration No. 10807401
THE PLAYERS LETTING COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
- 4 -
1
Accounting policies
Company information
The Players Letting Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Players Court, Oldland Common, Bristol, BS30 9ED.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Reporting period
These financial statements are for a period of 9 months whereas the comparative figures are for a full year. As a result, the comparative figures are not entirely comparable. The accounting period was shortened as to align with associated companies.
1.3
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
THE PLAYERS LETTING COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -
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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the Period was:
2024
2023
Number
Number
Total
3
Investment property
2024
£
Fair value
At 1 July 2023 and 31 March 2024
410,000
Investment property comprises £410,000. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2024
2023
£
£
Cost
332,679
332,679
Accumulated depreciation
-
-
Carrying amount
332,679
332,679
THE PLAYERS LETTING COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 6 -
4
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
3,468
Other creditors
136,401
131,499
136,401
134,967
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
202,319
230,074
6
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
19,330
14,691
7
Profit and loss reserves
Included within is £57,991 of non-distributable reserves arising as a result of fair value adjustments.