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REGISTERED NUMBER: 04259680 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

POOL HOUSE PROPERTIES LIMITED

POOL HOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 04259680)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


POOL HOUSE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J Young
Mrs S J Young
J Young
S J Young





SECRETARY: Mrs S J Young





REGISTERED OFFICE: Pottal Pool House
Pottal Pool
Teddesley Hay
Penkridge
Staffordshire
ST19 5RR





REGISTERED NUMBER: 04259680 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

POOL HOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 04259680)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,979 31,224
Investment property 5 1,154,999 1,251,000
1,179,978 1,282,224

CURRENT ASSETS
Debtors 6 564,948 556,347
Cash at bank 21 1,632
564,969 557,979
CREDITORS
Amounts falling due within one year 7 406,243 385,671
NET CURRENT ASSETS 158,726 172,308
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,338,704

1,454,532

CREDITORS
Amounts falling due after more than one
year

8

424,358

547,519
NET ASSETS 914,346 907,013

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 605,806 639,449
Retained earnings 308,440 267,464
SHAREHOLDERS' FUNDS 914,346 907,013

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 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.

POOL HOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 04259680)

STATEMENT OF FINANCIAL POSITION - 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 Board of Directors and authorised for issue on 31 May 2024 and were signed on its behalf by:





Mrs S J Young - Director


POOL HOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 04259680)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Pool House 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33.3% on cost

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.

The company has taken advantage of the transitional exemptions in FRS102 35.10 (d) to use a previous GAAP revaluation as its deemed 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

POOL HOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 04259680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 31,224
DEPRECIATION
Charge for year 6,245
At 31 December 2023 6,245
NET BOOK VALUE
At 31 December 2023 24,979
At 31 December 2022 31,224

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 31,224
DEPRECIATION
Charge for year 6,245
At 31 December 2023 6,245
NET BOOK VALUE
At 31 December 2023 24,979
At 31 December 2022 31,224

POOL HOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 04259680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,251,000
Disposals (62,359 )
Revaluations (33,642 )
At 31 December 2023 1,154,999
NET BOOK VALUE
At 31 December 2023 1,154,999
At 31 December 2022 1,251,000

The company has taken advantage of the transitional exemptions in FRS102 35.10 (d) to use a previous GAAP revaluation as its deemed cost.

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2002 30,000
Valuation in 2003 54,934
Valuation in 2004 20,000
Valuation in 2005 107,947
Valuation in 2016 46,678
Valuation in 2021 185,890
Valuation in 2022 194,000
Valuation in 2023 (33,642 )
Cost 549,192
1,154,999

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 549,192 611,551

Investment property was valued on an open market basis on 31 December 2023 by the directors. .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 564,948 556,347

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,000 9,000
Hire purchase contracts 3,455 3,455
Taxation and social security 15,393 17,326
Other creditors 378,395 355,890
406,243 385,671

POOL HOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 04259680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 406,256 526,250
Hire purchase contracts 18,102 21,269
424,358 547,519

9. RESERVES
Fair
value
reserve
£   
At 1 January 2023 639,449
Revaluation in the year (33,643 )

At 31 December 2023 605,806