Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-03-01falsedevelopment of property for furnished holiday let22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11327562 2023-03-01 2024-02-29 11327562 2022-03-01 2023-02-28 11327562 2024-02-29 11327562 2023-02-28 11327562 c:Director1 2023-03-01 2024-02-29 11327562 d:Buildings 2023-03-01 2024-02-29 11327562 d:Buildings 2024-02-29 11327562 d:Buildings 2023-02-28 11327562 d:Buildings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11327562 d:FurnitureFittings 2023-03-01 2024-02-29 11327562 d:FurnitureFittings 2024-02-29 11327562 d:FurnitureFittings 2023-02-28 11327562 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11327562 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11327562 d:CurrentFinancialInstruments 2024-02-29 11327562 d:CurrentFinancialInstruments 2023-02-28 11327562 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 11327562 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11327562 d:ShareCapital 2024-02-29 11327562 d:ShareCapital 2023-02-28 11327562 d:SharePremium 2024-02-29 11327562 d:SharePremium 2023-02-28 11327562 d:RetainedEarningsAccumulatedLosses 2024-02-29 11327562 d:RetainedEarningsAccumulatedLosses 2023-02-28 11327562 c:FRS102 2023-03-01 2024-02-29 11327562 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11327562 c:FullAccounts 2023-03-01 2024-02-29 11327562 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11327562 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number:  11327562














PARTI DEVELOPMENT ONE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


 
PARTI DEVELOPMENT ONE LIMITED
REGISTERED NUMBER: 11327562

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,024,047
1,021,215

  
1,024,047
1,021,215

Current assets
  

Debtors: amounts falling due within one year
 5 
1,979,623
1,978,505

Cash at bank and in hand
 6 
28,647
35,840

  
2,008,270
2,014,345

Creditors: amounts falling due within one year
 7 
(53,061)
(53,955)

Net current assets
  
 
 
1,955,209
 
 
1,960,390

Total assets less current liabilities
  
2,979,256
2,981,605

  

Net assets
  
2,979,256
2,981,605


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Share premium account
  
2,999,106
2,999,106

Profit and loss account
  
(20,850)
(18,501)

  
2,979,256
2,981,605


Page 1

 
PARTI DEVELOPMENT ONE LIMITED
REGISTERED NUMBER: 11327562
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
T Leahy
Director

Date: 22 November 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PARTI DEVELOPMENT ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England and Wales (No. 11327562). The registered office address is The Plaza, 100 Old Hall Street, Liverpool, L3 9QJ.
These financial statements present information about the company as an individual undertaking.The principal activity of the company is that of development of furnished holiday letting accommodation.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
On cost
Fixtures and fittings
-
20%
On cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
PARTI DEVELOPMENT ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
PARTI DEVELOPMENT ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Freehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 March 2023
1,020,855
900
1,021,755


Additions
3,012
-
3,012



At 29 February 2024

1,023,867
900
1,024,767



Depreciation


At 1 March 2023
-
540
540


Charge for the year on owned assets
-
180
180



At 29 February 2024

-
720
720



Net book value



At 29 February 2024
1,023,867
180
1,024,047



At 28 February 2023
1,020,855
360
1,021,215

Freehold property contains land valued at cost amounting to £780,460 which is not subject to depreciation.

Page 5

 
PARTI DEVELOPMENT ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
2,300
1,182

Called up share capital not paid
1,977,323
1,977,323

1,979,623
1,978,505



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
28,647
35,840

28,647
35,840



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
115
115

Other creditors
51,946
52,840

Accruals and deferred income
1,000
1,000

53,061
53,955


Page 6

 
PARTI DEVELOPMENT ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

8.


Related party transactions

Included in other debtors and other creditors are the following amounts due to / (from) the company at the balance sheet date:


29 February
28 February
2024
2023
£
£

Maia+ Limited
(51,822)
(52,715)
T Leahy
(124)
(124)

Maia+ Limited is the parent company. The loan is repayable on demand and no interest has been charged.
T Leahy is a director. The loan is repayable on demand and no interest has been charged.


9.


Controlling party

The company is under the control of its parent, Maia+ Limited.

 
Page 7