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REGISTERED NUMBER: 10118798 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

P and L Property Services Ltd

P and L Property Services Ltd (Registered number: 10118798)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P and L Property Services Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: P Barber





SECRETARY: P Barber





REGISTERED OFFICE: 525e Hertford Road
Enfield
EN3 5UA





REGISTERED NUMBER: 10118798 (England and Wales)





ACCOUNTANTS: Barber Accountancy Ltd
Yeomans
Bassett's Lane
Woodham Walter
Maldon
Essex
CM9 6RY

P and L Property Services Ltd (Registered number: 10118798)

Balance Sheet
30 April 2024

30/4/24 30/4/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 304,874 311,888

CURRENT ASSETS
Prepayments and accrued income 530 2,132
Cash at bank 13,249 11,783
13,779 13,915
CREDITORS
Amounts falling due within one year 5 (101,484 ) (104,336 )
NET CURRENT LIABILITIES (87,705 ) (90,421 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

217,169

221,467

CREDITORS
Amounts falling due after more than one
year

6

(326,250

)

(326,250

)
NET LIABILITIES (109,081 ) (104,783 )

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 8,763 8,763
Retained earnings (117,944 ) (113,646 )
SHAREHOLDERS' FUNDS (109,081 ) (104,783 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

P and L Property Services Ltd (Registered number: 10118798)

Balance Sheet - continued
30 April 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 January 2025 and were signed by:





P Barber - Director


P and L Property Services Ltd (Registered number: 10118798)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

P and L Property Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

P and L Property Services Ltd (Registered number: 10118798)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 359,470 9,796 369,266
DEPRECIATION
At 1 May 2023 47,582 9,796 57,378
Charge for year 7,014 - 7,014
At 30 April 2024 54,596 9,796 64,392
NET BOOK VALUE
At 30 April 2024 304,874 - 304,874
At 30 April 2023 311,888 - 311,888

Cost or valuation at 30 April 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2017 280,000 - 280,000
Valuation in 2018 77,100 9,057 86,157
Valuation in 2019 2,370 549 2,919
359,470 9,606 369,076

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade creditors - 1,602
Other creditors 101,484 102,734
101,484 104,336

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Other creditors 326,250 326,250

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 326,250 326,250

P and L Property Services Ltd (Registered number: 10118798)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 8,763