BrightAccountsProduction v1.0.0 v1.0.0 2023-05-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the buying and selling of own real estate and management of real estate on a fee or contract basis. 20 November 2024 1 1 NI630619 2024-04-30 NI630619 2023-04-30 NI630619 2022-04-30 NI630619 2023-05-01 2024-04-30 NI630619 2022-05-01 2023-04-30 NI630619 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI630619 uk-curr:PoundSterling 2023-05-01 2024-04-30 NI630619 uk-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 NI630619 uk-bus:FullAccounts 2023-05-01 2024-04-30 NI630619 uk-bus:Director1 2023-05-01 2024-04-30 NI630619 uk-bus:RegisteredOffice 2023-05-01 2024-04-30 NI630619 uk-bus:Agent1 2023-05-01 2024-04-30 NI630619 uk-core:ShareCapital 2024-04-30 NI630619 uk-core:ShareCapital 2023-04-30 NI630619 uk-core:OtherReservesSubtotal 2024-04-30 NI630619 uk-core:OtherReservesSubtotal 2023-04-30 NI630619 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 NI630619 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 NI630619 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-04-30 NI630619 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-04-30 NI630619 uk-bus:FRS102 2023-05-01 2024-04-30 NI630619 uk-core:WithinOneYear 2024-04-30 NI630619 uk-core:WithinOneYear 2023-04-30 NI630619 uk-core:EmployeeBenefits 2023-04-30 NI630619 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-04-30 NI630619 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-04-30 NI630619 uk-core:OtherDeferredTax 2024-04-30 NI630619 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-04-30 NI630619 uk-core:EmployeeBenefits 2024-04-30 NI630619 uk-core:ParentEntities 2023-05-01 2024-04-30 NI630619 2023-05-01 2024-04-30 NI630619 uk-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI630619
 
 
PBT Properties Limited
 
Unaudited Financial Statements
 
for the financial year ended 30 April 2024
PBT Properties Limited
DIRECTOR AND OTHER INFORMATION

 
Director Michael Hannath
 
 
Company Registration Number NI630619
 
 
Registered Office and Business Address 5a Stewart Avenue
Portadown
Co. Armagh
BT63 5DA
Northern Ireland
 
 
Accountants MG accountants
(Portadown)
25-27 Carleton Street
Portadown
Co. Armagh
BT62 3EP
Northern Ireland
 
 
Bankers Bank of Ireland
  13 Market Street
  Lurgan
  Co. Armagh
  BT66 6AR
  United Kingdom



PBT Properties Limited
Company Registration Number: NI630619
BALANCE SHEET
as at 30 April 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 225,000 225,000
───────── ─────────
 
Current Assets
Debtors 5 740 717
Cash and cash equivalents 666 1,911
───────── ─────────
1,406 2,628
───────── ─────────
Creditors: amounts falling due within one year 6 (15,236) (34,854)
───────── ─────────
Net Current Liabilities (13,830) (32,226)
───────── ─────────
Total Assets less Current Liabilities 211,170 192,774
 
Provisions for liabilities 8 (14,820) (14,820)
───────── ─────────
Net Assets 196,350 177,954
═════════ ═════════
 
Capital and Reserves
Called up share capital 3 3
Other reserves 50,000 50,000
Retained earnings 146,347 127,951
───────── ─────────
Equity attributable to owners of the company 196,350 177,954
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 20 November 2024
           
           
________________________________          
Michael Hannath          
Director          
           



PBT Properties Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 April 2024

   
1. General Information
 
PBT Properties Limited is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 5a Stewart Avenue, Portadown, Co. Armagh, BT63 5DA, Northern Ireland which is also the principal place of business of the company. The principal activity of the company is the buying and selling of own real estate and management of real estate on a fee or contract basis. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 April 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents rental income which is accounted for when received.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Profit and Loss Account.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2023 - 1).
 
  2024 2023
  Number Number
 
Director 1 1
  ═════════ ═════════
       
4. Tangible assets
  Investment Total
  properties  
     
  £ £
Cost
At 1 May 2023 225,000 225,000
  ───────── ─────────
 
At 30 April 2024 225,000 225,000
  ───────── ─────────
Depreciation
At 1 May 2023 - -
  ───────── ─────────
At 30 April 2024 - -
  ───────── ─────────
Net book value
At 30 April 2024 225,000 225,000
  ═════════ ═════════
At 30 April 2023 225,000 225,000
  ═════════ ═════════
       
5. Debtors 2024 2023
  £ £
 
Prepayments and accrued income 740 717
  ═════════ ═════════
       
6. Creditors 2024 2023
Amounts falling due within one year £ £
 
Amounts owed to group undertakings 5,447 19,947
Taxation  (Note 7) 4,933 10,261
Director's current account 1,966 1,966
Other creditors 1,000 1,000
Accruals 1,890 1,680
  ───────── ─────────
  15,236 34,854
  ═════════ ═════════
       
7. Taxation 2024 2023
  £ £
 
Creditors:
Corporation tax 4,933 10,261
  ═════════ ═════════
         
8. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2024 2023
  £ £ £
 
At financial year start 14,820 14,820 14,820
  ───────── ───────── ─────────
At financial year end 14,820 14,820 14,820
  ═════════ ═════════ ═════════
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 April 2024.
   
10. Parent company
 
The company regards Ambleside Property Services Ltd as its parent company.
 
   
11. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.