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28/02/2023
27/02/2024
2024-02-27
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No description of principal activities is disclosed
2023-02-28
Sage Accounts Production 24.0 - FRS102_2024
xbrli:pure
xbrli:shares
iso4217:GBP
10019416
2023-02-28
2024-02-27
10019416
2024-02-27
10019416
2023-02-27
10019416
2022-02-28
2023-02-27
10019416
2023-02-27
10019416
2022-02-27
10019416
core:PlantMachinery
2023-02-28
2024-02-27
10019416
core:FurnitureFittingsToolsEquipment
2023-02-28
2024-02-27
10019416
bus:RegisteredOffice
2023-02-28
2024-02-27
10019416
bus:LeadAgentIfApplicable
2023-02-28
2024-02-27
10019416
bus:Director1
2023-02-28
2024-02-27
10019416
bus:Director2
2023-02-28
2024-02-27
10019416
bus:CompanySecretary1
2023-02-28
2024-02-27
10019416
core:PlantMachinery
2023-02-27
10019416
core:FurnitureFittingsToolsEquipment
2023-02-27
10019416
core:LandBuildings
core:OwnedOrFreeholdAssets
2024-02-27
10019416
core:PlantMachinery
2024-02-27
10019416
core:FurnitureFittingsToolsEquipment
2024-02-27
10019416
core:WithinOneYear
2024-02-27
10019416
core:WithinOneYear
2023-02-27
10019416
core:AfterOneYear
2024-02-27
10019416
core:AfterOneYear
2023-02-27
10019416
core:ShareCapital
2024-02-27
10019416
core:ShareCapital
2023-02-27
10019416
core:RetainedEarningsAccumulatedLosses
2024-02-27
10019416
core:RetainedEarningsAccumulatedLosses
2023-02-27
10019416
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-02-27
10019416
core:PlantMachinery
2023-02-27
10019416
core:FurnitureFittingsToolsEquipment
2023-02-27
10019416
bus:SmallEntities
2023-02-28
2024-02-27
10019416
bus:AuditExempt-NoAccountantsReport
2023-02-28
2024-02-27
10019416
bus:SmallCompaniesRegimeForAccounts
2023-02-28
2024-02-27
10019416
bus:PrivateLimitedCompanyLtd
2023-02-28
2024-02-27
10019416
bus:FullAccounts
2023-02-28
2024-02-27
10019416
core:WithinOneYear
2023-02-28
2024-02-27
10019416
core:AfterOneYear
2023-02-28
2024-02-27
Company registration number:
10019416
P & L Estates Limited
Unaudited filleted financial statements
27 February 2024
P & L Estates Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
P & L Estates Limited
Directors and other information
|
|
|
|
Directors |
Mrs Lisa Diane Alkins |
|
|
Mr Paul Alkins |
|
|
|
|
|
|
|
Secretary |
Lisa Diane Alkins |
|
|
|
|
|
|
|
Company number |
10019416 |
|
|
|
|
|
|
|
Registered office |
29 Chancery Lane |
|
|
Alsager |
|
|
Stoke-on-Trent |
|
|
Staffordshire |
|
|
ST7 2HE |
|
|
|
|
|
|
|
Business address |
29 Chancery Lane |
|
|
Alsager |
|
|
Stoke-on-Trent |
|
|
Staffordshire |
|
|
ST7 2HE |
|
|
|
|
|
|
|
Accountants |
Everyday Accounting (Cheshire) Limited |
|
|
3B Crewe Road |
|
|
Alsager |
|
|
Stoke-on-Trent |
|
|
Staffordshire |
|
|
ST7 2EW |
|
|
|
P & L Estates Limited
Statement of financial position
27 February 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
360,796 |
|
|
|
360,983 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
360,796 |
|
|
|
360,983 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
6 |
14,200 |
|
|
|
15,443 |
|
|
Cash at bank and in hand |
|
|
2,818 |
|
|
|
3,994 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
17,018 |
|
|
|
19,437 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
178,326) |
|
|
|
(
189,075) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current liabilities |
|
|
|
|
(
161,308) |
|
|
|
(
169,638) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
199,488 |
|
|
|
191,345 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
8 |
|
|
(
234,253) |
|
|
|
(
235,769) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
130) |
|
|
|
(
166) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net liabilities |
|
|
|
|
(
34,895) |
|
|
|
(
44,590) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
2,000 |
|
|
|
2,000 |
Profit and loss account |
|
|
|
|
(
36,895) |
|
|
|
(
46,590) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders deficit |
|
|
|
|
(
34,895) |
|
|
|
(
44,590) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 27 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
27 February 2024
, and are signed on behalf of the board by:
Mrs Lisa Diane Alkins
Mr Paul Alkins
Director
Director
Company registration number:
10019416
P & L Estates Limited
Notes to the financial statements
Year ended 27 February 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 Chancery Lane, Alsager, Stoke-on-Trent, Staffordshire, ST7 2HE.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard appicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted at the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery |
- |
20 % |
reducing balance |
|
Fittings fixtures and equipment |
- |
25 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
0
(2023: 0
).
5.
Tangible assets
|
|
Freehold property |
Plant and machinery |
Fixtures, fittings and equipment |
Total |
|
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 28 February 2023 and 27 February 2024 |
360,110 |
1,225 |
779 |
362,114 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 28 February 2023 |
- |
598 |
533 |
1,131 |
|
|
|
|
Charge for the year |
- |
125 |
62 |
187 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 27 February 2024 |
- |
723 |
595 |
1,318 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 27 February 2024 |
360,110 |
502 |
184 |
360,796 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 27 February 2023 |
360,110 |
627 |
246 |
360,983 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
Investment property
Included within the above is investment property measured at fair value as follows:
|
|
£ |
|
At 28 February 2023 and 27 February 2024 |
360,110 |
|
|
_______ |
|
|
|
6.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Other debtors |
|
14,200 |
15,443 |
|
|
|
_______ |
_______ |
|
|
|
|
|
The debtors above include the following amounts falling due after more than one year:
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Other debtors |
|
10,486 |
12,809 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
1,504 |
1,468 |
|
Trade creditors |
|
188 |
438 |
|
Other creditors |
|
176,634 |
187,169 |
|
|
|
_______ |
_______ |
|
|
|
178,326 |
189,075 |
|
|
|
_______ |
_______ |
|
|
|
|
|
Bank loans and overdrafts of £1,504 (2023 : £1,468) are secured by a fixed and floating charge on the assets of the company.
8.
Creditors: amounts falling due after more than one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
234,253 |
235,769 |
|
|
|
_______ |
_______ |
|
|
|
|
|
Bank loans and overdrafts of £234,253 (2023 : £235,769) are secured by a fixed and floating charge on the assets of the company.
Included within creditors: amounts falling due after more than one year is an amount of £ 232,008(2023 £ 232,010 ) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.