THIRTEEN PROPERTY DEVELOPMENT LIMITED

Company Registration Number:
05577930 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

THIRTEEN PROPERTY DEVELOPMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

THIRTEEN PROPERTY DEVELOPMENT LIMITED

Directors' report period ended 31 March 2024

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

Principal activities of the company

Property development on behalf of Thirteen Housing Group.

Political and charitable donations

No charitable donations were made during the financial year.

Additional information

Going concern The Company operates on the basis that Thirteen Housing Group will pay for services before payment is made to the Company’s suppliers and that all costs incurred are charged to Thirteen Housing Group. On this basis, the director has a reasonable expectation that there are sufficient resources to continue in operational existence for the foreseeable future; this being twelve months after the date this document is signed. For this reason, the Company continues to adopt the going concern basis in the financial statements. Directors’ indemnities As permitted by the articles of association, the director has the benefit of an indemnity which is a qualifying third-party indemnity provision as defined by section 234 of the Companies Act 2006. The indemnity was in force throughout the last financial year and is currently in force. The Company also purchased and maintained throughout the financial year directors’ and officers’ liability insurance in respect of itself and its director. Director The director held no shares in the Company as at 31 March 2024 (2023: none). Statement of directors’ responsibilities The director is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulation. Company law requires the director to prepare financial statements for each financial year. Under that law the director has prepared the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A, and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements, the director is required to: select suitable accounting policies and then apply them consistently state whether applicable United Kingdom Accounting Standards, comprising FRS 102 Section 1A, have been followed, subject to any material departures disclosed and explained in the financial statements. Statement of directors’ responsibilities (continued) make judgements and accounting estimates that are reasonable and prudent prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is responsible for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, and have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Company and to prevent and detect fraud and other irregularities. The director is responsible for the maintenance and integrity of the corporate and financial information included on the Group’s website. Small company exemption In preparing the report, the director has taken advantage of the small company exemptions provided by section 415A of the Companies Act 2006. The director has also taken advantage of the small companies exemptions provided by section 414B of the Companies Act 2006 and not prepared a strategic report. For the year ending 31 March 2024, the Company was entitled to exemption from audit under section 479A of the Companies Act 2006 due to parent entity’s guarantee. The director has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. Approval The Report of the director has been prepared taking advantage of the small companies’ exemption in FRS 102 Section 1A – Small Entities. The Report of the director was approved on 18 September 2024.



Directors

The director shown below has held office during the whole of the period from
1 April 2023 to 31 March 2024

Matthew Forrest


Secretary Jane Castor

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
18 September 2024

And signed on behalf of the board by:
Name: Matthew Forrest
Status: Director

THIRTEEN PROPERTY DEVELOPMENT LIMITED

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 101,441 75,167
Cost of sales: ( 100,941 ) ( 75,167 )
Gross profit(or loss): 500 0
Distribution costs: 0 0
Administrative expenses: ( 288 ) 0
Other operating income: 0 0
Operating profit(or loss): 212 0
Interest receivable and similar income: 0 35
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 212 35
Tax: 0 0
Profit(or loss) for the financial year: 212 35

THIRTEEN PROPERTY DEVELOPMENT LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 628 100
Cash at bank and in hand: 3,719 4,035
Investments:   0 0
Total current assets: 4,347 4,135
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 4,000 ) ( 4,000 )
Net current assets (liabilities): 347 135
Total assets less current liabilities: 347 135
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 347 135
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 247 35
Total Shareholders' funds: 347 135

The notes form part of these financial statements

THIRTEEN PROPERTY DEVELOPMENT LIMITED

Balance sheet statements

For the year ending 31 March 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 18 September 2024
and signed on behalf of the board by:

Name: Matthew Forrest
Status: Director

The notes form part of these financial statements

THIRTEEN PROPERTY DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 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

    Turnover policy

    Turnover comprises income from contractual valuations with its partner Gus Robinson Developments Limited, included at the invoiced value (excluding value added tax) delivered in the financial year.

    Other accounting policies

    Going concern The director has, at the time of approving the financial statements, a reasonable expectation that the Company has adequate resources to continue in existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparation of the financial statements. Financial instruments The Company have assessed the financial instruments held as basic in accordance with FRS 102 Section 11, and as such are accounted for under the amortised historic cost model. Debtors and other receivables Short term debtors are measured at transaction price, less any impairment. Creditors and loans payable Short term creditors are measured at transaction price, less any impairment.

THIRTEEN PROPERTY DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

THIRTEEN PROPERTY DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Debtors

2024 2023
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 628 100
Total 628 100
Debtors due after more than one year: 0 0

THIRTEEN PROPERTY DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 4,000 4,000
Total 4,000 4,000