2023-04-012024-03-312024-03-31false08952136POWELL INVESTMENT PROPERTIES 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POWELL INVESTMENT PROPERTIES LTD

Registered Number
08952136
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

POWELL INVESTMENT PROPERTIES LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

POWELL, Simon Lloyd

Registered Address

Abacus House
Caxton Place
Cardiff
CF23 8HA

Registered Number

08952136 (England and Wales)
POWELL INVESTMENT PROPERTIES LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property3490,000490,000
490,000490,000
Current assets
Cash at bank and on hand6,67418,362
6,67418,362
Creditors amounts falling due within one year4(282,729)(494,680)
Net current assets (liabilities)(276,055)(476,318)
Total assets less current liabilities213,94513,682
Creditors amounts falling due after one year5(192,018)-
Net assets21,92713,682
Capital and reserves
Called up share capital11
Profit and loss account21,92613,681
Shareholders' funds21,92713,682
The financial statements were approved and authorised for issue by the Director on 7 October 2024, and are signed on its behalf by:
POWELL, Simon Lloyd
Director
Registered Company No. 08952136
POWELL INVESTMENT PROPERTIES LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. Revenue from the provision of services is recognised over the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investment property
Investment properties are shown at most recent valuation. Any aggregate surplus' or deficits arising from changes in fair value are recognised in profit or loss.
2.Average number of employees

20242023
Average number of employees during the year00
3.Investment property
Fair value at 1 April 2023 and 31 March 2024

£
Fair value at 01 April 23490,000
At 31 March 24490,000
4.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts9,878-
Taxation and social security1,9343,209
Other creditors269,711489,999
Accrued liabilities and deferred income1,2061,472
Total282,729494,680
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts192,018-
Total192,018-
6.Creditors: amounts due after 5 years
The Mortgage is secured on one of the investment properties. £160,000 falls due after more than 5 years.