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Company Registration No. 10078143 (England and Wales)
P & R EADES PROPERTIES LTD Unaudited accounts for the year ended 31 March 2024
P & R EADES PROPERTIES LTD Unaudited accounts Contents
Page
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P & R EADES PROPERTIES LTD Company Information for the year ended 31 March 2024
Directors
Paul Eades Rachel Eades
Company Number
10078143 (England and Wales)
Registered Office
144 THORNHILL PARK ROAD SOUTHAMPTON SO18 5TN UNITED KINGDOM
Accountants
AMG FINANCIAL UK LTD 23 Canadian Crescent Selsey Chichester West Sussex PO20 0UQ
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P & R EADES PROPERTIES LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
229,777 
229,777 
Current assets
Debtors
700 
700 
Cash at bank and in hand
8,573 
9,594 
9,273 
10,294 
Creditors: amounts falling due within one year
(17,492)
(19,008)
Net current liabilities
(8,219)
(8,714)
Total assets less current liabilities
221,558 
221,063 
Creditors: amounts falling due after more than one year
(210,007)
(210,007)
Net assets
11,551 
11,056 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
11,549 
11,054 
Shareholders' funds
11,551 
11,056 
For the year ending 31 March 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 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 September 2024 and were signed on its behalf by
Paul Eades Director Company Registration No. 10078143
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P & R EADES PROPERTIES LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
P & R EADES PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 10078143. The registered office is 144 THORNHILL PARK ROAD, SOUTHAMPTON, SO18 5TN, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 April 2023
229,777 
At 31 March 2024
229,777 
Investment properties are held at fair value
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
700 
700 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
165 
160 
Loans from directors
16,447 
18,448 
Accruals
880 
400 
17,492 
19,008 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
210,007 
210,007 
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P & R EADES PROPERTIES LTD Notes to the Accounts for the year ended 31 March 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Paul Eades
Director Loan Account
(11,107)
2,883 
- 
(8,224)
Rachel Eades
Director Loan Account
(11,107)
2,883 
- 
(8,224)
(22,214)
5,766 
- 
(16,448)
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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