PROPERTY PLUS LAND DEVELOPMENTS LTD 04410458 true 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is residential construction new build and land development Digita Accounts Production Advanced 6.30.9574.0 true Mr Andrew Lloyd David Russell Davies true 04410458 2023-05-01 2024-04-30 04410458 2024-04-30 04410458 bus:OrdinaryShareClass1 2024-04-30 04410458 core:RetainedEarningsAccumulatedLosses 2024-04-30 04410458 core:ShareCapital 2024-04-30 04410458 core:CurrentFinancialInstruments 2024-04-30 04410458 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 04410458 core:PlantMachinery 2024-04-30 04410458 bus:FRS102 2023-05-01 2024-04-30 04410458 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04410458 bus:FullAccounts 2023-05-01 2024-04-30 04410458 bus:RegisteredOffice 2023-05-01 2024-04-30 04410458 bus:Director1 2023-05-01 2024-04-30 04410458 bus:Director2 2023-05-01 2024-04-30 04410458 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 04410458 bus:EntityHasNeverTraded 2023-05-01 2024-04-30 04410458 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04410458 core:PlantMachinery 2023-05-01 2024-04-30 04410458 countries:EnglandWales 2023-05-01 2024-04-30 04410458 2023-04-30 04410458 core:PlantMachinery 2023-04-30 04410458 2023-04-30 04410458 bus:OrdinaryShareClass1 2023-04-30 04410458 core:RetainedEarningsAccumulatedLosses 2023-04-30 04410458 core:ShareCapital 2023-04-30 04410458 core:CurrentFinancialInstruments 2023-04-30 04410458 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 04410458 core:PlantMachinery 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04410458

PROPERTY PLUS LAND DEVELOPMENTS LTD

trading as Property Plus Land Development Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

PROPERTY PLUS LAND DEVELOPMENTS LTD

trading as Property Plus Land Development Limited

Profit and Loss Account for the Year Ended 30 April 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

PROPERTY PLUS LAND DEVELOPMENTS LTD

trading as Property Plus Land Development Limited

(Registration number: 04410458)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

6,815

6,815

Current assets

 

Debtors

4

354,424

354,424

Cash at bank and in hand

 

678

678

 

355,102

355,102

Creditors: Amounts falling due within one year

6

(48,368)

(48,008)

Net current assets

 

306,734

307,094

Total assets less current liabilities

 

313,549

313,909

Provisions for liabilities

(1,363)

(1,363)

Net assets

 

312,186

312,546

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

312,086

312,446

Shareholders' funds

 

312,186

312,546

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 23 September 2024 and signed on its behalf by:
 

.........................................
David Russell Davies
Director

 

PROPERTY PLUS LAND DEVELOPMENTS LTD

trading as Property Plus Land Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Cwmffrwd Llandeilo Road
Glanamman
Ammanford
SA18 2DZ
Wales

These financial statements were authorised for issue by the Board on 23 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

20% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

PROPERTY PLUS LAND DEVELOPMENTS LTD

trading as Property Plus Land Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

PROPERTY PLUS LAND DEVELOPMENTS LTD

trading as Property Plus Land Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

3

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 May 2023

37,943

37,943

At 30 April 2024

37,943

37,943

Depreciation

At 1 May 2023

31,128

31,128

At 30 April 2024

31,128

31,128

Carrying amount

At 30 April 2024

6,815

6,815

At 30 April 2023

6,815

6,815

4

Debtors

Current

2024
£

2023
£

Other debtors

354,424

354,424

 

354,424

354,424

5

Cash and cash equivalents

2024
£

2023
£

Cash at bank

678

678

6

Creditors

2024
£

2023
£

Due within one year

Trade creditors

(847)

(847)

Social security and other taxes

42

42

Other payables

48,813

48,813

Accruals

360

-

48,368

48,008

 

PROPERTY PLUS LAND DEVELOPMENTS LTD

trading as Property Plus Land Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordianry Shares of £1 each

100

100

100

100