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Registered number: 11202591
Pedley Investment Properties Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Crawford Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11202591
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 157,757 158,128
157,757 158,128
CURRENT ASSETS
Cash at bank and in hand 5,337 11,379
5,337 11,379
Creditors: Amounts Falling Due Within One Year 5 (48,946 ) (57,307 )
NET CURRENT ASSETS (LIABILITIES) (43,609 ) (45,928 )
TOTAL ASSETS LESS CURRENT LIABILITIES 114,148 112,200
NET ASSETS 114,148 112,200
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account 114,146 112,198
SHAREHOLDERS' FUNDS 114,148 112,200
Page 1
Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr Richard Pedley
Director
16/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pedley Investment Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11202591 . The registered office is 38 Tagwell Road, Droitwich, Worcestershire, WR9 7AD.
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
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Leasehold N/A
Fixtures & Fittings 33% reducing balance
Computer Equipment 33% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 157,000 3,194 2,158 162,352
As at 28 February 2024 157,000 3,194 2,158 162,352
Depreciation
As at 1 March 2023 - 2,661 1,563 4,224
Provided during the period - 186 185 371
As at 28 February 2024 - 2,847 1,748 4,595
Net Book Value
As at 28 February 2024 157,000 347 410 157,757
As at 1 March 2023 157,000 533 595 158,128
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Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 2,199 1,100
Director's loan account 46,747 56,207
48,946 57,307
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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