Poplargrove Properties Limited 02904753 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is letting of property Digita Accounts Production Advanced 6.30.9574.0 true true 02904753 2023-04-01 2024-03-31 02904753 2024-03-31 02904753 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-03-31 02904753 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02904753 core:LandBuildings 2024-03-31 02904753 bus:SmallEntities 2023-04-01 2024-03-31 02904753 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02904753 bus:FilletedAccounts 2023-04-01 2024-03-31 02904753 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02904753 bus:RegisteredOffice 2023-04-01 2024-03-31 02904753 bus:CompanySecretary1 2023-04-01 2024-03-31 02904753 bus:Director1 2023-04-01 2024-03-31 02904753 bus:Director2 2023-04-01 2024-03-31 02904753 bus:Director4 2023-04-01 2024-03-31 02904753 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-04-01 2024-03-31 02904753 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02904753 bus:Agent1 2023-04-01 2024-03-31 02904753 countries:AllCountries 2023-04-01 2024-03-31 02904753 2023-03-31 02904753 core:LandBuildings 2023-03-31 02904753 2022-04-01 2023-03-31 02904753 2023-03-31 02904753 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-03-31 02904753 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 02904753 core:LandBuildings 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02904753

Poplargrove Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Poplargrove Properties Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Poplargrove Properties Limited

Company Information

Directors

NJ Esterkin

E Esterkin

GC Esterkin

Company secretary

S J Garson

Registered office

48b Holton Road
Barry
Wales
CF63 4HD

Bankers

The Royal Bank Of Scotland Plc
Drummond House
Drunn House
1 Redheughs Avenue
Edinburgh
EH 9JN

Accountants

Matravers
Accountants & Business Advisers
Bridgewater House
Century Park, Caspian Road
Altrincham
Cheshire
WA14 5HH

 

Poplargrove Properties Limited

(Registration number: 02904753)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

175,000

175,000

Current assets

 

Cash at bank and in hand

 

53,527

41,529

Creditors: Amounts falling due within one year

5

(9,289)

(9,477)

Net current assets

 

44,238

32,052

Net assets

 

219,238

207,052

Capital and reserves

 

Called up share capital

6

3

3

Revaluation reserve

130,822

130,822

Retained earnings

88,413

76,227

Shareholders' funds

 

219,238

207,052

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 November 2024 and signed on its behalf by:
 

.........................................
NJ Esterkin
Director

 

Poplargrove Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

These financial statements were authorised for issue by the Board on 28 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Poplargrove Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2023

175,000

175,000

At 31 March 2024

175,000

175,000

Depreciation

Carrying amount

At 31 March 2024

175,000

175,000

At 31 March 2023

175,000

175,000

Included within the net book value of land and buildings above is £175,000 (2023 - £175,000) in respect of freehold land and buildings.
 

 

Poplargrove Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

2,859

3,491

Accruals and deferred income

6,031

5,986

Other creditors

399

-

9,289

9,477

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

3

3

3

3