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REGISTERED NUMBER: 09417534 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

POYNTON PROPERTY DEVELOPMENTS LIMITED

POYNTON PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09417534)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


POYNTON PROPERTY DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: A Poynton





REGISTERED OFFICE: c/o Philip Barnes & Co
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB





REGISTERED NUMBER: 09417534 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

POYNTON PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09417534)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,968 8,399

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 1,961 7,573
Cash at bank 24,625 56,648
27,586 65,221
CREDITORS
Amounts falling due within one year 6 57,550 74,524
NET CURRENT LIABILITIES (29,964 ) (9,303 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,996

)

(904

)

PROVISIONS FOR LIABILITIES - 319
NET LIABILITIES (22,996 ) (1,223 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (23,096 ) (1,323 )
SHAREHOLDERS' FUNDS (22,996 ) (1,223 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:



A Poynton - Director


POYNTON PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09417534)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Poynton Property Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% reducing balance
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 year 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.

3. EMPLOYEES

The average number of employees during the year was 1 (2023 - 1 ) .

POYNTON PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09417534)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 3,875 3,451 18,050 1,540 26,916
Additions 199 - - 192 391
At 29 February 2024 4,074 3,451 18,050 1,732 27,307
DEPRECIATION
At 1 March 2023 1,437 798 14,811 1,471 18,517
Charge for year 528 398 810 86 1,822
At 29 February 2024 1,965 1,196 15,621 1,557 20,339
NET BOOK VALUE
At 29 February 2024 2,109 2,255 2,429 175 6,968
At 28 February 2023 2,438 2,653 3,239 69 8,399

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 748 4,762
Other debtors 1,213 2,811
1,961 7,573

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 321 6,996
Other creditors 57,229 67,528
57,550 74,524

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
51 Ordinary A £1 51 51
49 Ordinary B £1 49 49
100 100

POYNTON PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09417534)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. RELATED PARTY DISCLOSURES

Transactions with key management personnel;

20242023
££

Amount due to related party56,22966,338

9. GOING CONCERN

The directors have reviewed a period of 12 months from the balance sheet date & are of the opinion that the company is a going concern.