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REGISTERED NUMBER: 02671953 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Pankhurst Developments Limited

Pankhurst Developments Limited (Registered number: 02671953)






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


Pankhurst Developments Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: Ms M E Pankhurst
Mrs C E Bushnell
Mrs S L Cuthbertson





REGISTERED OFFICE: Peartree Farm, Hulme Village
Nr Longton
Stoke-On-Trent
Staffordshire
ST3 5BQ





REGISTERED NUMBER: 02671953 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Cherry Tree Court
Cross Street
Leek
Staffordshire
ST13 6BL

Pankhurst Developments Limited (Registered number: 02671953)

Balance Sheet
31 December 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 1,751,880 1,648,382

CURRENT ASSETS
Debtors 5 17,040 63,666
Cash at bank 12,901 43,612
29,941 107,278
CREDITORS
Amounts falling due within one year 6 (132,935 ) (120,221 )
NET CURRENT LIABILITIES (102,994 ) (12,943 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,648,886

1,635,439

CREDITORS
Amounts falling due after more than one year 7 - (18,536 )

PROVISIONS FOR LIABILITIES (131,815 ) (119,180 )
NET ASSETS 1,517,071 1,497,723

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 8 792,321 898,005
Retained earnings 724,748 599,716
1,517,071 1,497,723

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 18 September 2024 and were signed on its behalf by:





Mrs C E Bushnell - Director


Pankhurst Developments Limited (Registered number: 02671953)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Pankhurst Developments 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided

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 3 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£
COST OR VALUATION
At 1 January 2023 1,648,382
Additions 252,000
Disposals (148,502 )
At 31 December 2023 1,751,880
NET BOOK VALUE
At 31 December 2023 1,751,880
At 31 December 2022 1,648,382

Pankhurst Developments Limited (Registered number: 02671953)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2023 is represented by:

Land and
buildings
£
Valuation in 2023 1,751,880

If the freehold properties had not been revalued they would have been included at the following historical cost:

2023 2022
£ £
Cost 959,559 729,891

The freehold properties were valued on an open market value basis on 31 December 2023 by Mr MJ Pankhurst .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 335 1,516
Other debtors 16,705 62,150
17,040 63,666

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts - 18,209
Trade creditors 920 989
Taxation and social security 39,212 9,250
Other creditors 92,803 91,773
132,935 120,221

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans - 18,536

8. RESERVES
Revaluation
reserve
£
At 1 January 2023 898,005
Transfer (105,684 )

At 31 December 2023 792,321