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REGISTERED NUMBER: 04752062 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PETUNIA PROPERTIES LIMITED

PETUNIA PROPERTIES LIMITED (REGISTERED NUMBER: 04752062)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PETUNIA PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: P Parker
S P Parker
A P Parker





REGISTERED OFFICE: 57 WEST END AVENUE
PINNER
Middlesex
HA5 1BN





REGISTERED NUMBER: 04752062 (England and Wales)





ACCOUNTANTS: KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH

PETUNIA PROPERTIES LIMITED (REGISTERED NUMBER: 04752062)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 847,000 847,000

CURRENT ASSETS
Debtors 5 19,052 19,357
Cash at bank 2,271 831
21,323 20,188
CREDITORS
Amounts falling due within one year 6 49,485 40,123
NET CURRENT LIABILITIES (28,162 ) (19,935 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

818,838

827,065

CREDITORS
Amounts falling due after more than one
year

7

(468,019

)

(468,365

)

PROVISIONS FOR LIABILITIES (65,884 ) (50,072 )
NET ASSETS 284,935 308,628

CAPITAL AND RESERVES
Called up share capital 9 9
Non-distributable fair value reserve 9 307,355 307,355
Retained earnings 9 (22,429 ) 1,264
284,935 308,628

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.

PETUNIA PROPERTIES LIMITED (REGISTERED NUMBER: 04752062)

BALANCE SHEET - continued
31 DECEMBER 2023


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 16 October 2024 and were signed on its behalf by:





A P Parker - Director


PETUNIA PROPERTIES LIMITED (REGISTERED NUMBER: 04752062)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Petunia Properties 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 the revaluation of investment properties and represents the estimated tax that would be payable were the investment properties sold at their valuations as presented in the financial statements.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 847,000
NET BOOK VALUE
At 31 December 2023 847,000
At 31 December 2022 847,000

PETUNIA PROPERTIES LIMITED (REGISTERED NUMBER: 04752062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INVESTMENT PROPERTY - continued

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2020 847,000

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

2023 2022
£    £   
Cost 489,571 489,571

Investment properties were valued on an open market basis on 31 December 2023 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 575 973
Other debtors 18,477 18,384
19,052 19,357

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,318 3,266
Other creditors 44,167 36,857
49,485 40,123

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 468,019 468,365

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 468,019 468,365

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 468,019 468,365

Bank loans are secured on the leasehold properties.

PETUNIA PROPERTIES LIMITED (REGISTERED NUMBER: 04752062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. RESERVES
Non-distributable
fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2023 1,264 307,355 308,619
Deficit for the year (23,693 ) (23,693 )
At 31 December 2023 (22,429 ) 307,355 284,926