Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 02464863 Velden Developements Ltd Mr C J Matthews Mrs P A Bordin Ms A J Gardner Miss A V McEwan Mr N Watson Mr C J Matthews iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02464863 2023-03-31 02464863 2024-03-31 02464863 2023-04-01 2024-03-31 02464863 frs-core:LandBuildings 2024-03-31 02464863 frs-core:LandBuildings 2023-04-01 2024-03-31 02464863 frs-core:LandBuildings 2023-03-31 02464863 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02464863 frs-core:ShareCapital 2024-03-31 02464863 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02464863 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02464863 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 02464863 frs-bus:SmallEntities 2023-04-01 2024-03-31 02464863 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02464863 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02464863 frs-bus:Director1 2023-04-01 2024-03-31 02464863 frs-bus:Director2 2023-04-01 2024-03-31 02464863 frs-bus:Director3 2023-04-01 2024-03-31 02464863 frs-bus:Director4 2023-04-01 2024-03-31 02464863 frs-bus:Director5 2023-04-01 2024-03-31 02464863 frs-bus:Director6 2023-04-01 2024-03-31 02464863 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 02464863 frs-countries:EnglandWales 2023-04-01 2024-03-31 02464863 2022-03-31 02464863 2023-03-31 02464863 2022-04-01 2023-03-31 02464863 frs-core:ShareCapital 2023-03-31 02464863 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 02464863
Projectfield Property Management Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Phelan Cloud Accounting
Chartered Certified Accountants
8A Basepoint Business Centre
Waterberry Drive
Waterlooville
Hampshire
PO7 7TH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02464863
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,983 3,073
2,983 3,073
CURRENT ASSETS
Debtors 5 851 2,509
Cash at bank and in hand 9,853 10,056
10,704 12,565
Creditors: Amounts Falling Due Within One Year 6 (7,028 ) (6,667 )
NET CURRENT ASSETS (LIABILITIES) 3,676 5,898
TOTAL ASSETS LESS CURRENT LIABILITIES 6,659 8,971
NET ASSETS 6,659 8,971
CAPITAL AND RESERVES
Called up share capital 7 6 6
Profit and Loss Account 6,653 8,965
SHAREHOLDERS' FUNDS 6,659 8,971
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr C J Matthews
Director
11 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Projectfield Property Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02464863 . The registered office is 7 Oxted Court, Southsea, Portsmouth, Hampshire, PO4 8SF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from property management income. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 50 years straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 6)
5 6
4. Tangible Assets
Land & Buildings
£
Cost
As at 1 April 2023 4,513
As at 31 March 2024 4,513
Depreciation
As at 1 April 2023 1,440
Provided during the period 90
As at 31 March 2024 1,530
Net Book Value
As at 31 March 2024 2,983
As at 1 April 2023 3,073
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 851 2,509
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 7,028 6,667
Page 3
Page 4
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6 6
Page 4