REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
PIP MANAGEMENT LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
PIP MANAGEMENT LIMITED |
PIP MANAGEMENT LIMITED (REGISTERED NUMBER: 01875166) |
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 |
PIP MANAGEMENT LIMITED |
COMPANY INFORMATION |
For The Year Ended 31 December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
900, Cornwallis House |
Howard Chase |
Basildon |
Essex |
SS14 3BB |
PIP MANAGEMENT LIMITED (REGISTERED NUMBER: 01875166) |
BALANCE SHEET |
31 December 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( | ) | ( | ) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
SHAREHOLDERS' FUNDS |
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 surplus or deficit 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. |
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 |
PIP MANAGEMENT LIMITED (REGISTERED NUMBER: 01875166) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
PIP Management Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared on a going concern basis. The company does not make a surplus or deficit as all expenses are rechargeable to the shareholders.The shareholders are legally obliged to support the company so that debts will be paid as they fall due. |
Income |
The company had no turnover during the year. A management charge was levied to the shareholders in respect of expenses incurred by the company |
Tangible fixed assets |
Plant | - |
Office & computer equipment | - |
Taxation |
The company is an estates management company and is treated as dormant for taxation purposes. |
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 income or expenditure in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Office & |
computer |
Plant | equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2023 |
and 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
PIP MANAGEMENT LIMITED (REGISTERED NUMBER: 01875166) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 December 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Unpaid management charges |
Called up share capital not paid |
Prepayments |
The unpaid management charges of £279,441 includes an amount due from a leaseholder of £250,927 that is in dispute.The matter has been placed in the hands of the company solicitors The directors consider that the debt is collectable. |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Management charges received in advance |
Other creditors |
Social security and other taxes |
VAT |
Accruals |
Other creditors represents amounts invoiced in advance to shareholders |
£ £ |
Fund as at 1 January 2023 290,181 262,205 |
Invoiced during year 239,046 239,046 |
Management charges during year (255,311) (211,070) |
Fund as at 31 December 2023 273,916 290,181 |
7. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 31.12.23 | 31.12.22 |
value: | £ | £ |
Share capital | 1 | 511 | 511 |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The directors of the company are also shareholders and in the normal course of business the company charges the directors a management charge in relation to their property. At the balance sheet date no amounts were owed by the directors to the company. |