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REGISTERED NUMBER: 11374137 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

P PROPERTY LIMITED

P PROPERTY LIMITED (REGISTERED NUMBER: 11374137)






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


P PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs N L Palmiero
M Palmiero





SECRETARY:





REGISTERED OFFICE: 18 Greenhill Road
Kettering
United Kingdom
NN15 7LW





REGISTERED NUMBER: 11374137 (England and Wales)





ACCOUNTANTS: Ashley James Limited
The Coach House
The Square
Sawbridgeworth
Hertfordshire
CM21 9AE

P PROPERTY LIMITED (REGISTERED NUMBER: 11374137)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 392,192 392,336

CURRENT ASSETS
Debtors 5 10 10
Cash at bank 16,112 16,237
16,122 16,247
CREDITORS
Amounts falling due within one year 6 (109,034 ) (110,208 )
NET CURRENT LIABILITIES (92,912 ) (93,961 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

299,280

298,375

CREDITORS
Amounts falling due after more than one year 7 (289,930 ) (289,930 )
NET ASSETS 9,350 8,445

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 9,340 8,435
9,350 8,445

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.

P PROPERTY LIMITED (REGISTERED NUMBER: 11374137)

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 12 September 2024 and were signed on its behalf by:




M Palmiero - Director



Mrs N L Palmiero - Director


P PROPERTY LIMITED (REGISTERED NUMBER: 11374137)

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

1. STATUTORY INFORMATION

P Property 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 (2023 - NIL).

P PROPERTY LIMITED (REGISTERED NUMBER: 11374137)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 392,049 577 392,626
DEPRECIATION
At 1 April 2023 - 290 290
Charge for year - 144 144
At 31 March 2024 - 434 434
NET BOOK VALUE
At 31 March 2024 392,049 143 392,192
At 31 March 2023 392,049 287 392,336

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Other debtors 10 10

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Taxation and social security 246 1,420
Other creditors 108,788 108,788
109,034 110,208

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans 289,930 289,930

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 289,930 289,930