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REGISTERED NUMBER: 01478810 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PRINCESS COURT (LEEDS) SERVICES LIMITED

PRINCESS COURT (LEEDS) SERVICES LIMITED (REGISTERED NUMBER: 01478810)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRINCESS COURT (LEEDS) SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr Gerald Stephen Atkinson
Mr Tom Crompton
Ms Jo Kane-Doyle
Mr Geoffrey David Knowles
Mr Joseph David Morris
Mrs Jennifer Eve Cooke





REGISTERED OFFICE: Scott Hall House
Sheepscar Street North
Leeds
LS7 3AF





REGISTERED NUMBER: 01478810 (England and Wales)





ACCOUNTANTS: Syers McGill
9 Kerry Street
Horsforth
Leeds
West Yorkshire
LS18 4AW

PRINCESS COURT (LEEDS) SERVICES LIMITED (REGISTERED NUMBER: 01478810)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,750 11,865
Investment property 5 75,000 75,000
86,750 86,865

CURRENT ASSETS
Debtors 6 5,494 2,900
Cash at bank 87,069 75,037
92,563 77,937
CREDITORS
Amounts falling due within one year 7 4,617 9,513
NET CURRENT ASSETS 87,946 68,424
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,696

155,289

PROVISIONS FOR LIABILITIES 12,811 12,811
NET ASSETS 161,885 142,478

CAPITAL AND RESERVES
Called up share capital 32 32
Revaluation reserve 8 67,426 67,426
Other reserves 94,427 75,020
SHAREHOLDERS' FUNDS 161,885 142,478

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 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.

PRINCESS COURT (LEEDS) SERVICES LIMITED (REGISTERED NUMBER: 01478810)

BALANCE SHEET - continued
31 DECEMBER 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 6 September 2024 and were signed on its behalf by:





Mr Geoffrey David Knowles - Director


PRINCESS COURT (LEEDS) SERVICES LIMITED (REGISTERED NUMBER: 01478810)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Princess Court (Leeds) Services 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.
Land and buildings - not provided
Plant and machinery etc - 25% 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.

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.

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 7 (2022 - 7 ) .

PRINCESS COURT (LEEDS) SERVICES LIMITED (REGISTERED NUMBER: 01478810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 11,405 39,364 50,769
DEPRECIATION
At 1 January 2023 - 38,904 38,904
Charge for year - 115 115
At 31 December 2023 - 39,019 39,019
NET BOOK VALUE
At 31 December 2023 11,405 345 11,750
At 31 December 2022 11,405 460 11,865

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 75,000
NET BOOK VALUE
At 31 December 2023 75,000
At 31 December 2022 75,000

The investment property comprises of the flat rented out to the caretaker. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Prepayments and accrued income 5,494 2,900

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 1,387
Corporation tax 877 651
Accrued expenses 3,740 7,475
4,617 9,513

PRINCESS COURT (LEEDS) SERVICES LIMITED (REGISTERED NUMBER: 01478810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. RESERVES

The flat maintenance reserves are held for the maintenance of princess court flats and are for the future benefit of its residents.Flat maintenance reserves were £99,177 at the balance sheet date (2022: £82,728).

The rental reserves comprise the profit / (loss) made on the rental income and expenditure relating to the caretakers flat. Rental reserves were (£4,750) at the balance sheet date (2022:( £7,708).