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REGISTERED NUMBER: 08911703 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th November 2023

for

3 Planks Property Ltd

3 Planks Property Ltd (Registered number: 08911703)






Contents of the Financial Statements
for the Year Ended 30th November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


3 Planks Property Ltd

Company Information
for the Year Ended 30th November 2023







DIRECTORS: Mr M A Ashman
Mr A P Penney
Mr A G Cairns





REGISTERED OFFICE: 153 Mortimer Street
Herne Bay
Kent
CT6 5HA





REGISTERED NUMBER: 08911703 (England and Wales)





ACCOUNTANTS: CWW Accountants
153 Mortimer Street
Herne Bay
Kent
CT6 5HA

3 Planks Property Ltd (Registered number: 08911703)

Abridged Balance Sheet
30th November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 318,414 363,943
Investments 5 30 30
318,444 363,973

CURRENT ASSETS
Debtors 6 181,971 166,746
Cash at bank 240 377
182,211 167,123
CREDITORS
Amounts falling due within one year 27,007 36,176
NET CURRENT ASSETS 155,204 130,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

473,648

494,920

CREDITORS
Amounts falling due after more than one
year

7

125,548

133,974
NET ASSETS 348,100 360,946

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 347,800 360,646
SHAREHOLDERS' FUNDS 348,100 360,946

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 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.

3 Planks Property Ltd (Registered number: 08911703)

Abridged Balance Sheet - continued
30th November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th August 2024 and were signed on its behalf by:




Mr M A Ashman - Director Mr A P Penney - Director




Mr A G Cairns - Director


3 Planks Property Ltd (Registered number: 08911703)

Notes to the Financial Statements
for the Year Ended 30th November 2023

1. STATUTORY INFORMATION

3 Planks Property Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - in accordance with the property

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1st December 2022
and 30th November 2023 455,000
DEPRECIATION
At 1st December 2022 91,057
Charge for year 45,529
At 30th November 2023 136,586
NET BOOK VALUE
At 30th November 2023 318,414
At 30th November 2022 363,943

3 Planks Property Ltd (Registered number: 08911703)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

4. TANGIBLE FIXED ASSETS - continued

Included in cost or valuation of land and buildings is freehold land of £ 58,936 (2022 - £ 58,936 ) which is not depreciated.

Cost or valuation at 30th November 2023 is represented by:

Totals
£   
Valuation in 2015 246,284
Valuation in 2016 103,716
Valuation in 2017 105,000
455,000

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st December 2022
and 30th November 2023 30
NET BOOK VALUE
At 30th November 2023 30
At 30th November 2022 30

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Amounts owed by group undertakings 124,990 109,765

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
30.11.23 30.11.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 77,514 85,940

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 141,559 149,985

9. RELATED PARTY DISCLOSURES

During the year the company received rent from 3 Planks Limited of £53,500 (£53,500 2022)