REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 8 FEBRUARY 2023 TO 28 FEBRUARY 2024 |
FOR |
PI&H LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 8 FEBRUARY 2023 TO 28 FEBRUARY 2024 |
FOR |
PI&H LTD |
PI&H LTD (REGISTERED NUMBER: 14650120) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 8 FEBRUARY 2023 TO 28 FEBRUARY 2024 |
Page |
Balance sheet | 1 |
Notes to the financial statements | 2 |
PI&H LTD (REGISTERED NUMBER: 14650120) |
BALANCE SHEET |
28 FEBRUARY 2024 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current liabilities | ( |
) |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 7 |
Retained earnings |
Shareholders' funds |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the director and authorised for issue on |
PI&H LTD (REGISTERED NUMBER: 14650120) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 8 FEBRUARY 2023 TO 28 FEBRUARY 2024 |
1. | Statutory information |
PI&H Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 14650120. The registered office and business address is 41 Oakley Hill, Wimborne, Dorset, BH21 1QQ |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover represents amounts receivable, in respect of rents from investments properties, generated in the ordinary course of business. |
Tangible fixed assets |
Investment properties, for which fair value can be measured reliably, are measured at fair value. Revaluations will take place with sufficient regularity to ensure a true and fair view, with changes in fair value recognised in profit or loss. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Financial instruments |
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities. |
At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
3. | Employees and directors |
The average number of employees during the period was |
PI&H LTD (REGISTERED NUMBER: 14650120) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 8 FEBRUARY 2023 TO 28 FEBRUARY 2024 |
4. | Tangible fixed assets |
Investment |
property |
£ |
Cost |
Additions |
At 28 February 2024 |
Net book value |
At 28 February 2024 |
The director does not consider that the value of this property, at this period-end, has materially altered since its acquisition. Therefore no fair value adjustment is required at the year end. |
5. | Debtors: amounts falling due within one year |
£ |
Prepayments |
6. | Creditors: amounts falling due within one year |
£ |
Tax |
Directors' current accounts | 366,558 |
Accruals and deferred income |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary A | £1 | 99 |
Ordinary B | £1 | 1 |
100 |
The following shares were allotted and fully paid for cash at par during the period: |
99 Ordinary A shares of £1 each |
1 Ordinary B shares of £1 each |
8. | Ultimate controlling party |
The Company is under the control of the Director and his spouse, by virtue of their combined 100% holding of the issued voting share capital of the Company. |