Registration number:
PCS Property Ltd
for the Period from 10 November 2023 to 31 December 2023
PCS Property Ltd
(Registration number: NI704602)
Balance Sheet as at 31 December 2023
Note |
2023 |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
( |
|
Net assets |
|
|
Capital and reserves |
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Called up share capital |
2 |
|
Shareholders' funds |
2 |
For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
......................................... |
PCS Property Ltd
Notes to the Unaudited Financial Statements for the Period from 10 November 2023 to 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in Northern Ireland.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Investment property
Short-term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
PCS Property Ltd
Notes to the Unaudited Financial Statements for the Period from 10 November 2023 to 31 December 2023
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Investment properties |
2023 |
|
Additions |
|
At 31 December |
|
There has been no valuation of investment property by an independent valuer.
Debtors |
Current |
2023 |
Other debtors |
|
|
PCS Property Ltd
Notes to the Unaudited Financial Statements for the Period from 10 November 2023 to 31 December 2023
Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
|
Due within one year |
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Amounts owed to related parties |
|
Share capital |
Allotted, called up and fully paid shares
2023 |
||
No. |
£ |
|
|
|
2 |
Related party transactions |
Creditors includes £40,000 due to RS Construction (Co. Antrim) Ltd and £206,707 due to PS Engineering (Co. Antrim) Ltd, both companies are controlled by the director and his wife. Creditors also includes £50,000 due to TJS Steel Supplies Ltd, a company controlled by the director.