Silverfin false false 29/02/2024 01/03/2023 29/02/2024 C A Butland-Beazley 25/03/2020 M N Butland-Beazley 01/10/2019 16 November 2024 The principal activity of the Company during the financial year was that of letting and operating of own or leased real estate. 02189795 2024-02-29 02189795 bus:Director1 2024-02-29 02189795 bus:Director2 2024-02-29 02189795 2023-02-28 02189795 core:CurrentFinancialInstruments 2024-02-29 02189795 core:CurrentFinancialInstruments 2023-02-28 02189795 core:Non-currentFinancialInstruments 2024-02-29 02189795 core:Non-currentFinancialInstruments 2023-02-28 02189795 core:ShareCapital 2024-02-29 02189795 core:ShareCapital 2023-02-28 02189795 core:RevaluationReserve 2024-02-29 02189795 core:RevaluationReserve 2023-02-28 02189795 core:RetainedEarningsAccumulatedLosses 2024-02-29 02189795 core:RetainedEarningsAccumulatedLosses 2023-02-28 02189795 core:FurnitureFittings 2023-02-28 02189795 core:ComputerEquipment 2023-02-28 02189795 core:FurnitureFittings 2024-02-29 02189795 core:ComputerEquipment 2024-02-29 02189795 2023-03-01 2024-02-29 02189795 bus:FilletedAccounts 2023-03-01 2024-02-29 02189795 bus:SmallEntities 2023-03-01 2024-02-29 02189795 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 02189795 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 02189795 bus:Director1 2023-03-01 2024-02-29 02189795 bus:Director2 2023-03-01 2024-02-29 02189795 core:FurnitureFittings 2023-03-01 2024-02-29 02189795 core:ComputerEquipment 2023-03-01 2024-02-29 02189795 2022-03-01 2023-02-28 02189795 core:Non-currentFinancialInstruments 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Company No: 02189795 (England and Wales)

P L H PROPERTY INVESTMENT LIMITED

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

P L H PROPERTY INVESTMENT LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

P L H PROPERTY INVESTMENT LIMITED

BALANCE SHEET

As at 29 February 2024
P L H PROPERTY INVESTMENT LIMITED

BALANCE SHEET (continued)

As at 29 February 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,812 542
Investment property 4 3,288,215 3,285,830
3,290,027 3,286,372
Current assets
Debtors 5 76,131 107,131
Cash at bank and in hand 18,523 108,028
94,654 215,159
Creditors: amounts falling due within one year 6 ( 85,133) ( 48,635)
Net current assets 9,521 166,524
Total assets less current liabilities 3,299,548 3,452,896
Creditors: amounts falling due after more than one year 7 ( 1,655,791) ( 1,798,640)
Provision for liabilities ( 210,775) ( 209,862)
Net assets 1,432,982 1,444,394
Capital and reserves
Called-up share capital 200 200
Revaluation reserve 1,342,506 1,342,506
Profit and loss account 90,276 101,688
Total shareholders' funds 1,432,982 1,444,394

For the financial year ending 29 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of P L H Property Investment Limited (registered number: 02189795) were approved and authorised for issue by the Board of Directors on 16 November 2024. They were signed on its behalf by:

C A Butland-Beazley
Director
P L H PROPERTY INVESTMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
P L H PROPERTY INVESTMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

P L H Property Investment Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the rent received. Turnover is shown net of the value added tax, returns, rebates and discounts and after eliminating sales within the company.

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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 25 % reducing balance
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 01 March 2023 42,789 0 42,789
Additions 673 928 1,601
At 29 February 2024 43,462 928 44,390
Accumulated depreciation
At 01 March 2023 42,247 0 42,247
Charge for the financial year 234 97 331
At 29 February 2024 42,481 97 42,578
Net book value
At 29 February 2024 981 831 1,812
At 28 February 2023 542 0 542

4. Investment property

Investment property
£
Valuation
As at 01 March 2023 3,285,830
Additions 2,385
As at 29 February 2024 3,288,215

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 1,824,069 1,821,684

5. Debtors

2024 2023
£ £
Other debtors 76,131 107,131

6. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 85,133 48,635

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 1,655,791 1,798,640

Mortgage loans are secured by fixed and floating charges over the company's investment properties, other assets and rights.