PROMISED LAND DEVELOPMENTS LIMITED

Company Registration Number:
05039575 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

PROMISED LAND DEVELOPMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

PROMISED LAND DEVELOPMENTS LIMITED

Directors' report period ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Principal activities of the company

The principle activity of the company was the design and construction of a purpose built church for the parent charity, Huddersfield Christian Fellowship registered charity 514595.



Directors

The directors shown below have held office during the whole of the period from
1 February 2023 to 31 January 2024

Stuart Gladstone
Jonathan Skinner


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 October 2024

And signed on behalf of the board by:
Name: Stuart Gladstone
Status: Director

PROMISED LAND DEVELOPMENTS LIMITED

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 4,113,711 (144,065)
Cost of sales: 0 0
Gross profit(or loss): 4,113,711 (144,065)
Distribution costs: 0 0
Administrative expenses: 0 0
Other operating income: 0 0
Operating profit(or loss): 4,113,711 (144,065)
Interest receivable and similar income: 0 0
Interest payable and similar charges: ( 121,784 ) ( 104,781 )
Profit(or loss) before tax: 3,991,927 (248,846)
Tax: 0 0
Profit(or loss) for the financial year: 3,991,927 (248,846)

PROMISED LAND DEVELOPMENTS LIMITED

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 0 13,120,935
Investments:   0 0
Total fixed assets: 0 13,120,935
Current assets
Stocks:   0 0
Debtors: 4 52,460 0
Cash at bank and in hand: 48 0
Investments:   0 0
Total current assets: 52,508 0
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 52,460 ) ( 14,059,451 )
Net current assets (liabilities): 48 (14,059,451)
Total assets less current liabilities: 48 ( 938,516)
Creditors: amounts falling due after more than one year: 6 0 ( 3,053,364 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 48 (3,991,880)
Capital and reserves
Called up share capital: 2 2
Share premium account: 0 0
Other reserves: 46 (3,991,882 )
Profit and loss account: 0 0
Total Shareholders' funds: 48 (3,991,880)

The notes form part of these financial statements

PROMISED LAND DEVELOPMENTS LIMITED

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 20 October 2024
and signed on behalf of the board by:

Name: Stuart Gladstone
Status: Director

The notes form part of these financial statements

PROMISED LAND DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PROMISED LAND DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

    No employees work for the company. The company is managed by its parent Huddersfield Christian Fellowship.

PROMISED LAND DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 13,574,868 0 133,703 0 0 13,708,571
Additions 0 0 0 0 0 0
Disposals ( 13,574,868 ) ( 133,703 ) ( 13,708,571 )
Revaluations
Transfers
At 31 January 2024 0 0 0 0 0 0
Depreciation
At 1 February 2023 502,996 84,640 587,636
Charge for year 73,354 4,293 77,647
On disposals ( 1 ) ( 1 )
Other adjustments 576,349 88,933 665,282
At 31 January 2024 0 0 0
Net book value
At 31 January 2024 0 0 0 0 0 0
At 31 January 2023 13,071,872 0 49,063 0 0 13,120,935

PROMISED LAND DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Debtors

2024 2023
£ £
Other debtors 52,460 0
Total 52,460 0

PROMISED LAND DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 655,965
Amounts due under finance leases and hire purchase contracts 13,389,776
Taxation and social security 52,460
Other creditors 13,710
Total 52,460 14,059,451

PROMISED LAND DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 0 3,053,364
Other creditors 0 0
Total 0 3,053,364