Company Registration No. 02367641 (England and Wales)
Peter Morton Commercial Properties Limited
Unaudited accounts
for the year ended 31 March 2024
Peter Morton Commercial Properties Limited
Unaudited accounts
Contents
Peter Morton Commercial Properties Limited
Company Information
for the year ended 31 March 2024
Directors
Peter Geoffrey Morton
Cynthia Anne Morton
Secretary
Cynthia Anne Morton
Company Number
02367641 (England and Wales)
Registered Office
Jasmine Cottage
Rowland
Bakewell
Derbyshire
DE45 1NR
Accountants
Andrew B Sharkey Ltd
Jasmine Cottage
Rowland
Bakewell
Derbyshire
DE45 1NR
Peter Morton Commercial Properties Limited
Statement of financial position
as at 31 March 2024
Tangible assets
239,851
239,904
Cash at bank and in hand
8,088
8,165
Creditors: amounts falling due within one year
(48,987)
(77,856)
Net current liabilities
(40,899)
(69,691)
Net assets
198,952
170,213
Called up share capital
100
100
Revaluation reserve
34,936
34,936
Profit and loss account
163,916
135,177
Shareholders' funds
198,952
170,213
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by
Peter Geoffrey Morton
Director
Company Registration No. 02367641
Peter Morton Commercial Properties Limited
Notes to the Accounts
for the year ended 31 March 2024
Peter Morton Commercial Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 02367641. The registered office is Jasmine Cottage, Rowland, Bakewell, Derbyshire, DE45 1NR. The principal place of business is Long Orchard, Beeley, Matlock, Derbyshire, DE4 2NT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents rents received.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation has been provided.
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Valuation information and policy
The company has elected not to adopt a policy of revaluation of land and buildings. The company will retain the book value of land and buildings, as previously revalued and will not update that valuation.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
239,640
519
3,868
244,027
At 31 March 2024
239,640
519
3,868
244,027
At 1 April 2023
-
504
3,619
4,123
Charge for the year
-
13
40
53
At 31 March 2024
-
517
3,659
4,176
At 31 March 2024
239,640
2
209
239,851
At 31 March 2023
239,640
15
249
239,904
Peter Morton Commercial Properties Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
15,770
Taxes and social security
7,360
6,723
Loans from directors
41,627
55,363
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).