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REGISTERED NUMBER: 13747401 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

POPPYFIELD ESTATES LIMITED

POPPYFIELD ESTATES LIMITED (REGISTERED NUMBER: 13747401)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POPPYFIELD ESTATES LIMITED

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTORS: S Singh
Mrs D Kaur





REGISTERED OFFICE: 1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB





REGISTERED NUMBER: 13747401 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

POPPYFIELD ESTATES LIMITED (REGISTERED NUMBER: 13747401)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 621,710 621,710

CURRENT ASSETS
Debtors 5 361 844
Cash at bank 16,342 2,815
16,703 3,659
CREDITORS
Amounts falling due within one year 6 210,080 214,286
NET CURRENT LIABILITIES (193,377 ) (210,627 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

428,333

411,083

CREDITORS
Amounts falling due after more than one
year

7

412,432

413,522
NET ASSETS/(LIABILITIES) 15,901 (2,439 )

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 15,891 (2,449 )
SHAREHOLDERS' FUNDS 15,901 (2,439 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

POPPYFIELD ESTATES LIMITED (REGISTERED NUMBER: 13747401)

BALANCE SHEET - continued
30 November 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 28 August 2024 and were signed on its behalf by:





S Singh - Director


POPPYFIELD ESTATES LIMITED (REGISTERED NUMBER: 13747401)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Poppyfield Estates 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.

At the balance sheet date, the company is showing net current liabilities position of £196,297 and overall net liabilities of £2,439. The company continues to trade as a going concern with the ongoing support from the directors and lenders. As such, the accounts have been prepared on this basis.

Turnover
Turnover represents rental income receivable.

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.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

POPPYFIELD ESTATES LIMITED (REGISTERED NUMBER: 13747401)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 621,710
NET BOOK VALUE
At 30 November 2023 621,710
At 30 November 2022 621,710

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 361 844

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 14,330 14,330
Trade creditors 1,155 737
Taxation and social security 3,784 -
Other creditors 190,811 199,219
210,080 214,286

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 412,432 413,522

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 355,113 356,203

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 426,762 427,852

Bank loans are secured against the investment property to which the individual bank loan relates.

POPPYFIELD ESTATES LIMITED (REGISTERED NUMBER: 13747401)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.