2023-02-012024-01-312024-01-31false12412848P&F PROPERTIES LTD2024-10-0468209iso4217:GBPxbrli:pure124128482023-02-01124128482024-01-31124128482023-02-012024-01-31124128482022-02-01124128482023-01-31124128482022-02-012023-01-3112412848bus:SmallEntities2023-02-012024-01-3112412848bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3112412848bus:FullAccounts2023-02-012024-01-3112412848bus:PrivateLimitedCompanyLtd2023-02-012024-01-3112412848core:WithinOneYear2024-01-3112412848core:AfterOneYear2024-01-3112412848core:WithinOneYear2023-01-3112412848core:AfterOneYear2023-01-3112412848core:ShareCapital2024-01-3112412848core:SharePremium2024-01-3112412848core:RevaluationReserve2024-01-3112412848core:OtherReservesSubtotal2024-01-3112412848core:RetainedEarningsAccumulatedLosses2024-01-3112412848core:ShareCapital2023-01-3112412848core:SharePremium2023-01-3112412848core:RevaluationReserve2023-01-3112412848core:OtherReservesSubtotal2023-01-3112412848core:RetainedEarningsAccumulatedLosses2023-01-3112412848core:LandBuildings2024-01-3112412848core:PlantMachinery2024-01-3112412848core:Vehicles2024-01-3112412848core:FurnitureFittings2024-01-3112412848core:OfficeEquipment2024-01-3112412848core:NetGoodwill2024-01-3112412848core:IntangibleAssetsOtherThanGoodwill2024-01-3112412848core:ListedExchangeTraded2024-01-3112412848core:UnlistedNon-exchangeTraded2024-01-3112412848core:LandBuildings2023-01-3112412848core:PlantMachinery2023-01-3112412848core:Vehicles2023-01-3112412848core:FurnitureFittings2023-01-3112412848core:OfficeEquipment2023-01-3112412848core:NetGoodwill2023-01-3112412848core:IntangibleAssetsOtherThanGoodwill2023-01-3112412848core:ListedExchangeTraded2023-01-3112412848core:UnlistedNon-exchangeTraded2023-01-3112412848core:LandBuildings2023-02-012024-01-3112412848core:PlantMachinery2023-02-012024-01-3112412848core:Vehicles2023-02-012024-01-3112412848core:FurnitureFittings2023-02-012024-01-3112412848core:OfficeEquipment2023-02-012024-01-3112412848core:NetGoodwill2023-02-012024-01-3112412848core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3112412848core:ListedExchangeTraded2023-02-012024-01-3112412848core:UnlistedNon-exchangeTraded2023-02-012024-01-3112412848core:MoreThanFiveYears2023-02-012024-01-3112412848core:Non-currentFinancialInstruments2024-01-3112412848core:Non-currentFinancialInstruments2023-01-3112412848dpl:CostSales2023-02-012024-01-3112412848dpl:DistributionCosts2023-02-012024-01-3112412848core:LandBuildings2023-02-012024-01-3112412848core:PlantMachinery2023-02-012024-01-3112412848core:Vehicles2023-02-012024-01-3112412848core:FurnitureFittings2023-02-012024-01-3112412848core:OfficeEquipment2023-02-012024-01-3112412848dpl:AdministrativeExpenses2023-02-012024-01-3112412848core:NetGoodwill2023-02-012024-01-3112412848core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3112412848dpl:GroupUndertakings2023-02-012024-01-3112412848dpl:ParticipatingInterests2023-02-012024-01-3112412848dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3112412848core:ListedExchangeTraded2023-02-012024-01-3112412848dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3112412848core:UnlistedNon-exchangeTraded2023-02-012024-01-3112412848dpl:CostSales2022-02-012023-01-3112412848dpl:DistributionCosts2022-02-012023-01-3112412848core:LandBuildings2022-02-012023-01-3112412848core:PlantMachinery2022-02-012023-01-3112412848core:Vehicles2022-02-012023-01-3112412848core:FurnitureFittings2022-02-012023-01-3112412848core:OfficeEquipment2022-02-012023-01-3112412848dpl:AdministrativeExpenses2022-02-012023-01-3112412848core:NetGoodwill2022-02-012023-01-3112412848core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3112412848dpl:GroupUndertakings2022-02-012023-01-3112412848dpl:ParticipatingInterests2022-02-012023-01-3112412848dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3112412848core:ListedExchangeTraded2022-02-012023-01-3112412848dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3112412848core:UnlistedNon-exchangeTraded2022-02-012023-01-3112412848core:NetGoodwill2024-01-3112412848core:IntangibleAssetsOtherThanGoodwill2024-01-3112412848core:LandBuildings2024-01-3112412848core:PlantMachinery2024-01-3112412848core:Vehicles2024-01-3112412848core:FurnitureFittings2024-01-3112412848core:OfficeEquipment2024-01-3112412848core:AfterOneYear2024-01-3112412848core:WithinOneYear2024-01-3112412848core:ListedExchangeTraded2024-01-3112412848core:UnlistedNon-exchangeTraded2024-01-3112412848core:ShareCapital2024-01-3112412848core:SharePremium2024-01-3112412848core:RevaluationReserve2024-01-3112412848core:OtherReservesSubtotal2024-01-3112412848core:RetainedEarningsAccumulatedLosses2024-01-3112412848core:NetGoodwill2023-01-3112412848core:IntangibleAssetsOtherThanGoodwill2023-01-3112412848core:LandBuildings2023-01-3112412848core:PlantMachinery2023-01-3112412848core:Vehicles2023-01-3112412848core:FurnitureFittings2023-01-3112412848core:OfficeEquipment2023-01-3112412848core:AfterOneYear2023-01-3112412848core:WithinOneYear2023-01-3112412848core:ListedExc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P&F PROPERTIES LTD

Registered Number
12412848
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

P&F PROPERTIES LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

GIDLEY, Paul David
PETCHER, Fay

Registered Address

22 Thornton Way
Belper
DE56 0AH

Registered Number

12412848 (England and Wales)
P&F PROPERTIES LTD
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,5663,207
Investment property4315,000315,000
317,566318,207
Current assets
Debtors381319
Cash at bank and on hand12,15914,224
12,54014,543
Creditors amounts falling due within one year5(87,318)(91,555)
Net current assets (liabilities)(74,778)(77,012)
Total assets less current liabilities242,788241,195
Creditors amounts falling due after one year6(211,928)(211,925)
Provisions for liabilities7(487)(609)
Net assets30,37328,661
Capital and reserves
Called up share capital22
Revaluation reserve27,77227,772
Profit and loss account2,599887
Shareholders' funds30,37328,661
The financial statements were approved and authorised for issue by the Board of Directors on 4 October 2024, and are signed on its behalf by:
GIDLEY, Paul David
Director
Registered Company No. 12412848
P&F PROPERTIES LTD
Notes to the Financial Statements
for the year ended 31 January 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings20
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 February 236,2646,264
At 31 January 246,2646,264
Depreciation and impairment
At 01 February 233,0573,057
Charge for year641641
At 31 January 243,6983,698
Net book value
At 31 January 242,5662,566
At 31 January 233,2073,207
4.Investment property
Fair value at 31 January 2024 is represented by a valuation in 2023 £315,000 If the investment properties had not been revalued they would have been included at the historical cost of £287,228 Investment property was valued on an open market basis on 31 January 2023 by the Directors

£
Fair value at 01 February 23315,000
At 31 January 24315,000
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security1,227537
Other creditors85,49290,418
Accrued liabilities and deferred income599600
Total87,31891,555
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts207,346207,344
Other creditors4,5824,581
Total211,928211,925
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)487609
Total487609