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REGISTERED NUMBER: 04613307 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

PT Building Developments Limited

PT Building Developments Limited (Registered number: 04613307)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PT Building Developments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr Daniel Paul McKillop





SECRETARY: Mr Gerard McKillop





REGISTERED OFFICE: 11 Quantum
2 Chapeltown Street
Manchester
M1 2BJ





REGISTERED NUMBER: 04613307 (England and Wales)





ACCOUNTANTS: Lomas and Company Accountants Limited
Bridge House
12 Market Street
Glossop
Derbyshire
SK13 8AR

PT Building Developments Limited (Registered number: 04613307)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37 55
Investment property 5 3,328,520 3,303,245
3,328,557 3,303,300

CURRENT ASSETS
Debtors 6 1,031,258 901,643
Cash at bank 1,010,718 748,462
2,041,976 1,650,105
CREDITORS
Amounts falling due within one year 7 3,571,337 3,519,058
NET CURRENT LIABILITIES (1,529,361 ) (1,868,953 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,799,196 1,434,347

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 1,799,186 1,434,337
SHAREHOLDERS' FUNDS 1,799,196 1,434,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 director and authorised for issue on 19 July 2024 and were signed by:





Mr Daniel Paul McKillop - Director


PT Building Developments Limited (Registered number: 04613307)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

PT Building Developments 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 represents services provided and sale of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 15,250
DEPRECIATION
At 1 January 2023 15,195
Charge for year 18
At 31 December 2023 15,213
NET BOOK VALUE
At 31 December 2023 37
At 31 December 2022 55

PT Building Developments Limited (Registered number: 04613307)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 3,303,245
Additions 125,439
Disposals (100,164 )
At 31 December 2023 3,328,520
NET BOOK VALUE
At 31 December 2023 3,328,520
At 31 December 2022 3,303,245

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 564,478 901,643
Other debtors 466,780 -
1,031,258 901,643

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 11,327 9,755
Taxation and social security 176,085 115,513
Other creditors 3,383,925 3,393,790
3,571,337 3,519,058

8. RELATED PARTY DISCLOSURES

Loans of £3,374,925 are owed to Mr D McKillop and these loans are provided to the company on an interest free basis.The loans are repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr D McKillop, by virtue of his ownership of the share capital in Pinetree Holdings Limited.