Company Registration No. 10509943 (England and Wales)
Pynewood Property Limited
Unaudited accounts
for the year ended 31 December 2023
Pynewood Property Limited
Unaudited accounts
Contents
Pynewood Property Limited
Company Information
for the year ended 31 December 2023
Directors
Mr John Michael Haywood
Mrs Claire Haywood
Company Number
10509943 (England and Wales)
Registered Office
Suite 212 Oakland House
21 Hope Carr Road
Leigh
WN7 3ET
Accountants
HHK Accountancy Services Ltd
Suite 212 Oakland House
21 Hope Carr Road
Leigh, Wigan
WN7 3ET
Pynewood Property Limited
Statement of financial position
as at 31 December 2023
Tangible assets
143,487
141,675
Cash at bank and in hand
124,505
127,447
Creditors: amounts falling due within one year
(160,998)
(159,986)
Net current liabilities
(36,493)
(32,539)
Total assets less current liabilities
106,994
109,136
Creditors: amounts falling due after more than one year
(121,530)
(122,700)
Net liabilities
(14,536)
(13,564)
Called up share capital
100
100
Profit and loss account
(14,636)
(13,664)
Shareholders' funds
(14,536)
(13,564)
For the year ending 31 December 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by
Mrs Claire Haywood
Director
Company Registration No. 10509943
Pynewood Property Limited
Notes to the Accounts
for the year ended 31 December 2023
Pynewood Property Limited is a private company, limited by shares, registered in England and Wales, registration number 10509943. The registered office is Suite 212 Oakland House, 21 Hope Carr Road, Leigh, WN7 3ET.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% straight line
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2023
140,000
3,718
143,718
At 31 December 2023
140,000
6,505
146,505
At 1 January 2023
-
2,043
2,043
Charge for the year
-
975
975
At 31 December 2023
-
3,018
3,018
At 31 December 2023
140,000
3,487
143,487
At 31 December 2022
140,000
1,675
141,675
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
160,028
159,016
Pynewood Property Limited
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
109,530
110,700
Other creditors
12,000
12,000
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).