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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
Page
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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
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Peter Morton Commercial Properties Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
239,851 
239,904 
Current assets
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 
Capital and reserves
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
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Peter Morton Commercial Properties Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
Depreciation
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 
Net book value
At 31 March 2024
239,640 
2 
209 
239,851 
At 31 March 2023
239,640 
15 
249 
239,904 
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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 
48,987 
77,856 
6
Share capital
2024 
2023 
£ 
£ 
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).
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