P D Properties Limited 03323057 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is that of general builders Digita Accounts Production Advanced 6.30.9574.0 true 03323057 2023-07-01 2024-06-30 03323057 2024-06-30 03323057 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-06-30 03323057 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-06-30 03323057 core:CurrentFinancialInstruments 2024-06-30 03323057 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 03323057 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 03323057 core:MotorVehicles 2024-06-30 03323057 core:PlantMachinery 2024-06-30 03323057 bus:SmallEntities 2023-07-01 2024-06-30 03323057 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 03323057 bus:FullAccounts 2023-07-01 2024-06-30 03323057 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03323057 bus:RegisteredOffice 2023-07-01 2024-06-30 03323057 bus:CompanySecretaryDirector1 2023-07-01 2024-06-30 03323057 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03323057 core:MotorVehicles 2023-07-01 2024-06-30 03323057 core:PlantMachinery 2023-07-01 2024-06-30 03323057 countries:EnglandWales 2023-07-01 2024-06-30 03323057 2023-06-30 03323057 core:MotorVehicles 2023-06-30 03323057 core:PlantMachinery 2023-06-30 03323057 2022-07-01 2023-06-30 03323057 2023-06-30 03323057 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-06-30 03323057 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-06-30 03323057 core:CurrentFinancialInstruments 2023-06-30 03323057 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 03323057 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 03323057 core:MotorVehicles 2023-06-30 03323057 core:PlantMachinery 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 03323057

P D Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

P D Properties Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

P D Properties Limited

(Registration number: 03323057)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

5,110

Current assets

 

Debtors

5

16,379

17,053

Cash at bank and in hand

 

11,225

14,516

 

27,604

31,569

Creditors: Amounts falling due within one year

6

(16,629)

(37,723)

Net current assets/(liabilities)

 

10,975

(6,154)

Total assets less current liabilities

 

10,975

(1,044)

Creditors: Amounts falling due after more than one year

6

-

(183)

Provisions for liabilities

-

(971)

Net assets/(liabilities)

 

10,975

(2,198)

Capital and reserves

 

Called up share capital

4

4

Retained earnings

10,971

(2,202)

Shareholders' funds/(deficit)

 

10,975

(2,198)

 

P D Properties Limited

(Registration number: 03323057)
Balance Sheet as at 30 June 2024

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their 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 Board on 22 August 2024 and signed on its behalf by:
 

.........................................
D J Thornbury
Company secretary and director

 

P D Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of general building services. Turnover is shown net of value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

P D Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% straight line basis

Motor vehicles

20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

P D Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

8,819

22,490

31,309

Disposals

-

(22,490)

(22,490)

At 30 June 2024

8,819

-

8,819

Depreciation

At 1 July 2023

8,800

17,399

26,199

Charge for the year

19

-

19

Eliminated on disposal

-

(17,399)

(17,399)

At 30 June 2024

8,819

-

8,819

Carrying amount

At 30 June 2024

-

-

-

At 30 June 2023

19

5,091

5,110

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

799

Prepayments

118

-

Other debtors

16,261

16,254

 

16,379

17,053

 

P D Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Loans and borrowings

-

2,200

Trade creditors

216

95

Taxation and social security

8,471

5,629

Other creditors

7,942

29,799

16,629

37,723

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

-

183

7

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Hire purchase contracts

-

2,200

2024
£

2023
£

Non-current loans and borrowings

Hire purchase contracts

-

183