Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-3112023-02-01falsemanaging properties in the Stoke on Trent area1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 3639180 2023-02-01 2024-01-31 3639180 2022-02-01 2023-01-31 3639180 2024-01-31 3639180 2023-01-31 3639180 c:Director1 2023-02-01 2024-01-31 3639180 d:Buildings 2023-02-01 2024-01-31 3639180 d:Buildings 2024-01-31 3639180 d:Buildings 2023-01-31 3639180 d:LandBuildings 2024-01-31 3639180 d:LandBuildings 2023-01-31 3639180 d:FurnitureFittings 2023-02-01 2024-01-31 3639180 d:FurnitureFittings 2024-01-31 3639180 d:FurnitureFittings 2023-01-31 3639180 d:CurrentFinancialInstruments 2024-01-31 3639180 d:CurrentFinancialInstruments 2023-01-31 3639180 d:Non-currentFinancialInstruments 2024-01-31 3639180 d:Non-currentFinancialInstruments 2023-01-31 3639180 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 3639180 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 3639180 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 3639180 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 3639180 d:ShareCapital 2024-01-31 3639180 d:ShareCapital 2023-01-31 3639180 d:RetainedEarningsAccumulatedLosses 2024-01-31 3639180 d:RetainedEarningsAccumulatedLosses 2023-01-31 3639180 c:FRS102 2023-02-01 2024-01-31 3639180 c:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 3639180 c:FullAccounts 2023-02-01 2024-01-31 3639180 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 3639180 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 3639180










POTTY PROPERTIES LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
POTTY PROPERTIES LTD
REGISTERED NUMBER: 3639180

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
100,067
100,067

  
100,067
100,067

Current assets
  

Cash at bank and in hand
  
4,630
9,773

  
4,630
9,773

Creditors: amounts falling due within one year
 5 
(26,935)
(26,765)

Net current liabilities
  
 
 
(22,305)
 
 
(16,992)

Total assets less current liabilities
  
77,762
83,075

Creditors: amounts falling due after more than one year
 6 
(79,300)
(79,300)

  

Net (liabilities)/assets
  
(1,538)
3,775


Capital and reserves
  

Called up share capital 
  
107
107

Profit and loss account
  
(1,645)
3,668

  
(1,538)
3,775


Page 1

 
POTTY PROPERTIES LTD
REGISTERED NUMBER: 3639180
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 October 2024.




C Bennett
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
POTTY PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold land and buildings
-
not depreciated
Fixtures and fittings
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
POTTY PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.Accounting policies (continued)

 
1.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.


General information

The Company is a private company, limited by shares and registered in England.
Its registered number is: 03639180
Its Registered Office is: 
First Floor
28 Whitehorse Street
Baldock
Herts
SG7 6QQ


3.


Employees

2024
2023
£
£

Wages and salaries
1,200
1,200

1,200
1,200


The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
1
1

Page 4

 
POTTY PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


TANGIBLE FIXED ASSETS





Freehold property
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 February 2023
100,000
1,800
101,800



At 31 January 2024

100,000
1,800
101,800



Depreciation


At 1 February 2023
-
1,733
1,733



At 31 January 2024

-
1,733
1,733



Net book value



At 31 January 2024
100,000
67
100,067



At 31 January 2023
100,000
67
100,067




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
100,000
100,000

100,000
100,000



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
26,935
26,154

Accruals and deferred income
-
611

26,935
26,765


Page 5

 
POTTY PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
79,300
79,300

79,300
79,300


 
Page 6