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Registered number: 05870288

POB Developments Limited

UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31/07/2023

Prepared By:
R F Love & Company
Chartered Accountant
Holly House
21d Chudleigh Road
Exeter
Devon
EX2 8TS

POB Developments Limited

ACCOUNTS
FOR THE YEAR ENDED 31/07/2023
DIRECTORS
Paul O'Brien
Patricia O'Brien
SECRETARY
Paul O'Brien
REGISTERED OFFICE
Unit 5 Victoria Grove
Bedminster
Bristol
BS3 4AN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05870288
ACCOUNTANTS
R F Love & Company
Chartered Accountant
Holly House
21d Chudleigh Road
Exeter
Devon
EX2 8TS

POB Developments Limited

ACCOUNTS
FOR THEYEARENDED31/07/2023
CONTENTS
Page
Directors' Report3
Statement Of Comprehensive Income4
Balance Sheet5
Notes To The Accounts6
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account9
Profit And Loss Account Summaries10

POB Developments Limited

DIRECTORS' REPORT
FOR THEYEARENDED31/07/2023
The directors present their report and accounts for theyearended31/07/2023
DIRECTORS
The directors who served during theyearwere as follows:
Paul O'Brien
Patricia O'Brien
STATEMENT OF DIRECTORS RESPONSIBILITIES
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulation.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements the directors are required to:
- Select suitable accounting policies and then apply them consistently;
- Make judgements and accounting estimates that are reasonable and prudent;
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The report of the directors has been prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the board on19/07/2024
Paul O'Brien
Director

POB Developments Limited

STATEMENT OF COMPREHENSIVE INCOME
FOR THEYEARENDED31/07/2023
Notes20232022
££
TURNOVER19,30116,850
GROSS PROFIT19,30116,850
Administrative expenses(5,420)(3,785)
OPERATING PROFIT13,88113,065
Interest payable and similar charges(10,886)(5,122)
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION2,9957,943
Tax on profit on ordinary activities3(569)(1,509)
PROFIT ON ORDINARY ACTIVITIES AFTER TAXATION2,4266,434

POB Developments Limited

BALANCE SHEET AT 31/07/2023
20232022
Notes££
CURRENT ASSETS
Stock220,000220,000
Debtors5166,820177,479
Cash at bank and in hand-279
386,820397,758
CREDITORS: Amounts falling due within one year6106,399119,989
NET CURRENT ASSETS280,421277,769
TOTAL ASSETS LESS CURRENT LIABILITIES280,421277,769
CREDITORS: Amounts falling due after more than one year7216,039215,813
NET ASSETS64,38261,956
CAPITAL AND RESERVES
Called up share capital822
Profit and loss account64,38061,954
SHAREHOLDERS' FUNDS64,38261,956
For the year ending 31/07/2023 the company was entitled to exemption 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.
Approved by the board on 19/07/2024 and signed on their behalf by
.............................
Paul O'Brien
Director

POB Developments Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1c. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1d. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

POB Developments Limited

2. EMPLOYEES
20232022
No.No.
Average number of employees22
3. TAX ON ORDINARY ACTIVITIES
20232022
££
Corporation tax5691,509
5691,509
4. STOCK 20232022
££
Stock comprises:
Work in progress220,000220,000
220,000220,000
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors3,9133,912
Other debtors162,257172,917
Prepayments650650
166,820177,479

POB Developments Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax20,21019,641
Directors current account65,51365,513
Trade creditors1,6301,630
Other creditors16,56831,640
Accruals2,4781,565
106,399119,989
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (secured) >1yr216,039215,813
216,039215,813
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22

POB Developments Limited

TRADING AND PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31/07/2023
20232022
££
Turnover19,30116,850
Cost of Sales:
Stock at 31/07/2022220,000-
220,000-
Stock at 31/07/2023(220,000)-
Gross Profit19,30116,850
19,30116,850
Less:
Administrative expenses5,4203,785
Interest payable and similar charges10,8865,122
16,3068,907
Net profit for the year before taxation2,9957,943
Taxation5691,509
Net profit for the year after taxation2,4266,434
Retained profits brought forward61,95455,520
Retained profits carried forward64,38061,954
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only.

POB Developments Limited

PROFIT AND LOSS ACCOUNT SUMMARIES
FOR THE YEAR ENDED 31/07/2023
20232022
££
Interest payable and similar charges:
Mortgage interest10,8864,721
Other interest-401
10,8865,122
Administrative Expenses:
Repairs and renewals2,398271
Letting Agents' Commission2,1091,685
Accountancy fees9001,829
Sundry expenses13-
5,4203,785
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only.