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Registration number: 12419353

Pretty Perfect Properties Ltd

Annual Report and Unaudited Financial Statements

For The Year Ended 31 March 2024

 

Pretty Perfect Properties Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Pretty Perfect Properties Ltd

(Registration number: 12419353)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

           

Current assets

   

 

Stocks

4

 

2,546,316

 

1,544,227

Debtors

5

 

11,203

 

13,895

Cash at bank and in hand

   

560,096

 

152,222

   

3,117,615

 

1,710,344

Creditors: Amounts falling due within one year

6

 

(3,060,060)

 

(1,730,288)

Net assets/(liabilities)

   

57,555

 

(19,944)

Capital and reserves

   

 

Called up share capital

100

 

100

 

Profit and loss account

57,455

 

(20,044)

 

Total equity

   

57,555

 

(19,944)

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 30 October 2024 and signed on its behalf by:
 

.........................................
Mrs D.I. Dye
Director

 

Pretty Perfect Properties Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 11, Fusion Court
Aberford Road
Garforth
Leeds
LS25 2GH

These financial statements were authorised for issue by the Board on 30 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when, the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Pretty Perfect Properties Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2024

Stocks

Stock and work in progress is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and labour costs. At each reporting date, stock and work in progress is assessed for impairment. If it's value is impaired the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Stocks

2024
£

2023
£

Work in progress

2,546,316

1,544,227

5

Debtors

Current

2024
£

2023
£

Prepayments

9,645

11,574

Other debtors

1,558

2,321

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

2,154

2,017

Taxation and social security

15,613

-

Other creditors

3,042,293

1,728,271

3,060,060

1,730,288