2023-03-01 2024-02-29 12458862 P&V Property Development Ltd false 12458862 2023-03-01 2024-02-29 12458862 uk-bus:Director1 2023-03-01 2024-02-29 12458862 uk-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 12458862 uk-bus:SmallEntities 2023-03-01 2024-02-29 12458862 uk-bus:FullAccounts 2023-03-01 2024-02-29 12458862 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12458862 2023-03-01 12458862 2024-02-29 12458862 2023-02-28 xbrli:pure iso4217:GBP 12458862 2022-03-01 2023-02-28
Company Registration Number : 12458862 (England and Wales)
12458862
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-02-29
false
P&V Property Development Ltd
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-03-01
P&V Property Development Ltd
Unaudited filleted financial statements
For the year ended 29 February 2024
P&V Property Development Ltd
Contents
For the year ended 29 February 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


P&V Property Development Ltd
Company Information
For the year ended 29 February 2024

Company registration number 12458862 (England and Wales)
Director Persidiu Iancu
Registered office address 9 Seaview Avenue
Basildon
SS16 4QZ
Accountant
P&V Property Development Ltd
Statement of Financial Position
For the year ended 29 February 2024

2024 2023
Notes £ £
Fixed assets
Investment Property 253,579 253,579
6 253,579 253,579
Current assets
Cash and cash equivalents 54,252 54,252
54,252 54,252
Current liabilities
Creditors: Amounts falling due within one year (180,664) (174,179)
(180,664) (174,179)
Net current (liabilities)/assets (126,412) (119,927)
Total assets less current liabilities 127,167 133,652
Non-current liabilities
Creditors: Amounts falling due after more than one year (180,806) (180,806)
Net (liabilities)/assets (53,640) (47,155)
Capital and reserves
Called up share capital 1 1
Retained earnings (53,641) (47,156)
Shareholder's funds (53,640) (47,155)
For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 29 February 2024 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 director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 November 2024
.............................
Persidiu Iancu (Director)
Company registration number: 12458862
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-02-29 29 February 2024
2024 2023
£ £
Fixed Assets 253,579 253,579
Current Assets 54,252 54,252
Creditors: amounts falling due within one year (180,664) (174,179)
Net current assets (liabilities) (126,412) (119,927)
Total assets less current liabilities 127,167 133,652
CREDITORS: Amounts falling due more than one year (180,806) (180,806)
Net Assets (liabilities) (53,640) (47,155)
Capital and Reserves (53,640) (47,155)
For the year ending 29/02/2024 the company was entitled to exemption 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. For the year ending 29-02-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 30 November 2024 2024-11-30 and signed on behalf of the board,
.............................
Persidiu Iancu
Director
Company registration number: 12458862
P&V Property Development Ltd
Notes to the Financial Statements
For the year ended 29 February 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 9 Seaview Avenue, Basildon, SS16 4QZ.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Rental income
Rental income from operating leases are recognised on a straight-line basis over the term of the relevant lease. Rental Income is included within other income from fixed assets.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment
Motor Cars
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Employees
During the year, the average number of employees including director was 0 (2023 : 0).

(6) Fixed assets
Tangible

£
Investments
Property
£
Totals

£
Cost
As at 01 March 20231,299253,579254,878
As at 29 February 20241,299253,579254,878
Depreciation/Amortisation
As at 01 March 20231,299-1,299
As at 29 February 20241,299-1,299
Net book value
As at 29 February 2024-253,579253,579
As at 28 February 2023-253,579253,579