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REGISTERED NUMBER: 10181152 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

P AND L PROPERTY SERVICES 1 LTD

P AND L PROPERTY SERVICES 1 LTD (REGISTERED NUMBER: 10181152)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


P AND L PROPERTY SERVICES 1 LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr P Barber





REGISTERED OFFICE: 525e Hertford Road
Enfield
EN3 5UA





REGISTERED NUMBER: 10181152 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

P AND L PROPERTY SERVICES 1 LTD (REGISTERED NUMBER: 10181152)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
(Restated)
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,793,512 1,798,295

CURRENT ASSETS
Investments 5 12,287 6,307
Cash at bank 17 -
12,304 6,307
CREDITORS
Amounts falling due within one year 6 4,104 4,285
NET CURRENT ASSETS 8,200 2,022
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,801,712

1,800,317

CREDITORS
Amounts falling due after more than one year 7 1,793,513 1,793,704
NET ASSETS 8,199 6,613

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 8,099 6,513
SHAREHOLDERS' FUNDS 8,199 6,613

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 director acknowledges his 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.

P AND L PROPERTY SERVICES 1 LTD (REGISTERED NUMBER: 10181152)

STATEMENT OF FINANCIAL POSITION - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2024 and were signed by:





Mr P Barber - Director


P AND L PROPERTY SERVICES 1 LTD (REGISTERED NUMBER: 10181152)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

P And L Property Services 1 Ltd 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.

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23
(Restated)
£    £   
Investments in LLP 1,793,512 1,798,295

5. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
(Restated)
£    £   
Investment in LLP 12,287 6,307

P AND L PROPERTY SERVICES 1 LTD (REGISTERED NUMBER: 10181152)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
(Restated)
£    £   
Taxation and social security 372 601
Other creditors 3,732 3,684
4,104 4,285

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
(Restated)
£    £   
Bank loans 1,793,513 1,793,704

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,793,513 1,793,704

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100