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Registered number: 13343004
Property Investments Manchester Limited
Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13343004
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 394,302 248,775
394,302 248,775
CURRENT ASSETS
Debtors 5 3,656 -
Cash at bank and in hand 4,912 3,647
8,568 3,647
Creditors: Amounts Falling Due Within One Year 6 (25,254 ) -
NET CURRENT ASSETS (LIABILITIES) (16,686 ) 3,647
TOTAL ASSETS LESS CURRENT LIABILITIES 377,616 252,422
NET ASSETS 377,616 252,422
CAPITAL AND RESERVES
Called up share capital 7 121,006 121,006
Profit and Loss Account 256,610 131,416
SHAREHOLDERS' FUNDS 377,616 252,422
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
12/09/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Property Investments Manchester Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13343004 . The registered office is 109 Cheetham Hill Road, Manchester, M8 8PY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 4)
6 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 May 2023 141,500 119,193 260,693
Additions - 155,802 155,802
As at 30 April 2024 141,500 274,995 416,495
Depreciation
As at 1 May 2023 - 11,918 11,918
Provided during the period - 10,275 10,275
As at 30 April 2024 - 22,193 22,193
Net Book Value
As at 30 April 2024 141,500 252,802 394,302
As at 1 May 2023 141,500 107,275 248,775
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,656 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Director's loan account 25,254 -
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 121,006 121,006
Page 3