Silverfin false false 31/12/2023 01/01/2023 31/12/2023 P N Rowbottom 06/12/2016 S A Rowbottom 06/12/2016 25 September 2024 The principal activity of the company during the financial year was the ownership of investment property. 10513200 2023-12-31 10513200 bus:Director1 2023-12-31 10513200 bus:Director2 2023-12-31 10513200 2022-12-31 10513200 core:CurrentFinancialInstruments 2023-12-31 10513200 core:CurrentFinancialInstruments 2022-12-31 10513200 core:ShareCapital 2023-12-31 10513200 core:ShareCapital 2022-12-31 10513200 core:RetainedEarningsAccumulatedLosses 2023-12-31 10513200 core:RetainedEarningsAccumulatedLosses 2022-12-31 10513200 bus:OrdinaryShareClass1 2023-12-31 10513200 2023-01-01 2023-12-31 10513200 bus:FilletedAccounts 2023-01-01 2023-12-31 10513200 bus:SmallEntities 2023-01-01 2023-12-31 10513200 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10513200 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10513200 bus:Director1 2023-01-01 2023-12-31 10513200 bus:Director2 2023-01-01 2023-12-31 10513200 2022-01-01 2022-12-31 10513200 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 10513200 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10513200 (England and Wales)

P & S LETTINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

P & S LETTINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

P & S LETTINGS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
P & S LETTINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Investment property 3 459,590 459,590
459,590 459,590
Creditors: amounts falling due within one year 4 ( 4,534) ( 2,719)
Net current liabilities (4,534) (2,719)
Total assets less current liabilities 455,056 456,871
Net assets 455,056 456,871
Capital and reserves
Called-up share capital 5 2 2
Profit and loss account 455,054 456,869
Total shareholders' funds 455,056 456,871

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of P & S Lettings Limited (registered number: 10513200) were approved and authorised for issue by the Board of Directors on 25 September 2024. They were signed on its behalf by:

S A Rowbottom
Director
P & S LETTINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
P & S LETTINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

P & S Lettings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 4, Watford Bridge Industrial Estate Watford Bridge Road, New Mills, High Peak, SK22 4HJ, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources and support from connected companies to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Investment property

Investment property
£
Valuation
As at 01 January 2023 459,590
As at 31 December 2023 459,590

4. Creditors: amounts falling due within one year

2023 2022
£ £
Accruals 1,700 1,175
Other creditors 2,834 1,544
4,534 2,719

5. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2