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REGISTERED NUMBER: 07628707 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Peterson-Willis Properties Ltd

Peterson-Willis Properties Ltd (Registered number: 07628707)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Peterson-Willis Properties Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: C W Peterson
Ms L C Willis



REGISTERED OFFICE: Box Cottage
Lower Lane
Kinsham
Tewkesbury
Gloucestershire
GL20 8HT



REGISTERED NUMBER: 07628707 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Handelsbanken
3 Thomas More Square
London
E1W 1WY

Peterson-Willis Properties Ltd (Registered number: 07628707)

Statement of Financial Position
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,306 32,752
Investment property 5 224,936 1,468,411
255,242 1,501,163

CURRENT ASSETS
Debtors 6 50,832 9,763
Cash at bank and in hand 768,430 31,002
819,262 40,765
CREDITORS
Amounts falling due within one year 7 109,324 252,116
NET CURRENT ASSETS/(LIABILITIES) 709,938 (211,351 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

965,180

1,289,812

CREDITORS
Amounts falling due after more than one
year

8

-

(175,110

)

PROVISIONS FOR LIABILITIES (1,682 ) (114,576 )
NET ASSETS 963,498 1,000,126

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve - 409,348
Retained earnings 963,398 590,678
SHAREHOLDERS' FUNDS 963,498 1,000,126

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 directors acknowledge their 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.

Peterson-Willis Properties Ltd (Registered number: 07628707)

Statement of Financial Position - 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 Board of Directors and authorised for issue on 23 December 2024 and were signed on its behalf by:





C W Peterson - Director


Peterson-Willis Properties Ltd (Registered number: 07628707)

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


1. STATUTORY INFORMATION

Peterson-Willis Properties 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.

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.
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2023 - 2 ) .

Peterson-Willis Properties Ltd (Registered number: 07628707)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 May 2023 5,177 26,684 7,038 38,899
Additions 4,365 - 3,581 7,946
Disposals - - (1,124 ) (1,124 )
At 30 April 2024 9,542 26,684 9,495 45,721
Depreciation
At 1 May 2023 1,294 1,334 3,519 6,147
Charge for year 2,386 5,070 2,374 9,830
Eliminated on disposal - - (562 ) (562 )
At 30 April 2024 3,680 6,404 5,331 15,415
Net book value
At 30 April 2024 5,862 20,280 4,164 30,306
At 30 April 2023 3,883 25,350 3,519 32,752

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 May 2023 1,468,411
Additions 87,085
Disposals (1,330,560 )
At 30 April 2024 224,936
Net book value
At 30 April 2024 224,936
At 30 April 2023 1,468,411

The directors consider that the fair value of freehold property held at the year end is not materially different to the deemed cost of the property included in the accounts and as such this property has not been formally revalued during the year.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Other debtors 50,832 9,763

Peterson-Willis Properties Ltd (Registered number: 07628707)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts - 62,000
Hire purchase contracts - 2,675
Taxation and social security 107,428 11,519
Other creditors 1,896 175,922
109,324 252,116

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans - 155,292
Hire purchase contracts - 19,818
- 175,110

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30/4/24 30/4/23
£    £   
C W Peterson and Ms L C Willis
Balance outstanding at start of year (169,774 ) -
Amounts advanced 233,771 -
Amounts repaid (17,140 ) (169,774 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 46,857 (169,774 )

Interest is charged on the above loan to the directors, included within other debtors, at the HM Revenue and Customs official rate of interest. Interest of £238 (2023 - £NIL) was charged during the year. The loan was repaid within nine months of the year end.

10. RELATED PARTY DISCLOSURES

Peterson-Willis Property Services Ltd
A company controlled by the director C W Peterson

During the year, fees of £50,464 (2023 - £NIL) were charged by Peterson-Willis Property Services Ltd.