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Registered number: 10405080
Pow Property Services Ltd
Financial Statements
For The Year Ended 31 March 2024
Nijjer Accountants Ltd
Chartered Accountants
5-7 Station Road
Longfield
Kent
DA3 7QD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10405080
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 39,888 1,434
Investment Properties 5 1,405,000 706,579
Investments 6 1,100 -
1,445,988 708,013
CURRENT ASSETS
Debtors 7 21,696 -
Cash at bank and in hand 15,587 192,960
37,283 192,960
Creditors: Amounts Falling Due Within One Year 8 (227,075 ) (309,139 )
NET CURRENT ASSETS (LIABILITIES) (189,792 ) (116,179 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,256,196 591,834
Creditors: Amounts Falling Due After More Than One Year 9 (1,128,521 ) (951,976 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (188,075 ) -
NET LIABILITIES (60,400 ) (360,142 )
CAPITAL AND RESERVES
Called up share capital 11 20 20
Revaluation reserve 12 534,308 -
Profit and Loss Account (594,728 ) (360,162 )
SHAREHOLDERS' FUNDS (60,400) (360,142)
Page 1
Page 2
For the 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.
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mark Pow
Director
8 November 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pow Property Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10405080 . The registered office is 5-7 Station road, Longfield, Kent, DA3 7QD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Income is measured at the fair value of the consideration received or receivable from rents and service charges and sales of properties when contracts have been completed such that risks and rewards of ownership have transferred to customers. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 15% Reducing Balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: )
- -
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 April 2023 - 1,434 - 1,434
Additions 49,200 - 2,081 51,281
As at 31 March 2024 49,200 1,434 2,081 52,715
Depreciation
As at 1 April 2023 - - - -
Provided during the period 12,300 215 312 12,827
As at 31 March 2024 12,300 215 312 12,827
Net Book Value
As at 31 March 2024 36,900 1,219 1,769 39,888
As at 1 April 2023 - 1,434 - 1,434
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 706,579
Additions 214,489
Disposals (228,479 )
Revaluations 712,411
As at 31 March 2024 1,405,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 673,567 478,100
Accumulated depreciation and impairment 45,467 31,995
Carrying amount 628,100 446,105
Page 4
Page 5
6. Investments
Subsidiaries Associates Total
£ £ £
Cost
As at 1 April 2023 - - -
Additions 1,000 100 1,100
As at 31 March 2024 1,000 100 1,100
Provision
As at 1 April 2023 - - -
As at 31 March 2024 - - -
Net Book Value
As at 31 March 2024 1,000 100 1,100
As at 1 April 2023 - - -
7. Debtors
2024 2023
£ £
Due within one year
Amounts owed by participating interests 19,736 -
Other debtors 1,960 -
21,696 -
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,200 -
Trade creditors 11,218 1,850
Bank loans and overdrafts 4,000 4,000
Other loans 12,609 -
Amounts owed to group undertakings 58,930 -
Amounts owed to participating interests 13,223 -
Other creditors 118,895 301,970
Taxation and social security - 1,319
227,075 309,139
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 26,650 -
Bank loans 797,871 703,976
Other loans 302,000 248,000
Other creditors 2,000 -
1,128,521 951,976
Page 5
Page 6
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,200 -
Later than one year and not later than five years 26,650 -
34,850 -
34,850 -
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20 20
12. Reserves
Revaluation Reserve
£
Surplus on revaluation 534,308
As at 31 March 2024 534,308
Page 6