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REGISTERED NUMBER: 05475974 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Property Developments Plus Limited

Property Developments Plus Limited (Registered number: 05475974)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Property Developments Plus Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B Spurgeon
Mrs T Spurgeon





SECRETARY: S Spurgeon





REGISTERED OFFICE: Harmile House
54 St Marys Lane
Upminster
Essex
RM14 2QP





REGISTERED NUMBER: 05475974 (England and Wales)

Property Developments Plus Limited (Registered number: 05475974)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,583 44,977

CURRENT ASSETS
Debtors 5 2,141 2,591
Cash at bank 81,167 66,771
83,308 69,362
CREDITORS
Amounts falling due within one year 6 28,017 15,904
NET CURRENT ASSETS 55,291 53,458
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,874

98,435

CREDITORS
Amounts falling due after more than one
year

7

(14,583

)

(19,228

)

PROVISIONS FOR LIABILITIES (553 ) (2,718 )
NET ASSETS 73,738 76,489

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 73,734 76,485
SHAREHOLDERS' FUNDS 73,738 76,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Property Developments Plus Limited (Registered number: 05475974)

Balance Sheet - continued
31 March 2024


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 1 August 2024 and were signed on its behalf by:





B Spurgeon - Director


Property Developments Plus Limited (Registered number: 05475974)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Property Developments Plus 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor Vehicles - 25% on reducing balance
Computer equipment - 50% on reducing balance and 33% on reducing balance

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 3 (2023 - 3 ) .

Property Developments Plus Limited (Registered number: 05475974)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 91,378
DEPRECIATION
At 1 April 2023 46,401
Charge for year 11,394
At 31 March 2024 57,795
NET BOOK VALUE
At 31 March 2024 33,583
At 31 March 2023 44,977

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 2,141 2,591

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 24,194 12,183
Other creditors 3,823 3,721
28,017 15,904

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 14,583 19,228

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
4 Share capital 1 £1 4 4