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REGISTERED NUMBER: 13344114 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

PF ESTATES LIMITED

PF ESTATES LIMITED (REGISTERED NUMBER: 13344114)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PF ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTOR: P C Morden





REGISTERED OFFICE: 6 Meadowcroft
Stansted Mountfitchet
Essex
CM24 8LD





REGISTERED NUMBER: 13344114 (England and Wales)





ACCOUNTANTS: Cobbin Floyd Ltd
Chartered Accountants
15a Station Road
Epping
Essex
CM16 4HG

PF ESTATES LIMITED (REGISTERED NUMBER: 13344114)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 638,000 566,000

CURRENT ASSETS
Debtors 5 290 192

CREDITORS
Amounts falling due within one year 6 (138,934 ) (139,178 )
NET CURRENT LIABILITIES (138,644 ) (138,986 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

499,356

427,014

CREDITORS
Amounts falling due after more than one
year

7

(407,200

)

(407,200

)
NET ASSETS 92,156 19,814

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 8 94,825 22,825
Retained earnings (2,670 ) (3,012 )
92,156 19,814

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

PF ESTATES LIMITED (REGISTERED NUMBER: 13344114)

BALANCE SHEET - continued
30TH 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 19th September 2024 and were signed by:





P C Morden - Director


PF ESTATES LIMITED (REGISTERED NUMBER: 13344114)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

PF Estates Limited 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.

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 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 1 (2023 - 1 ) .

PF ESTATES LIMITED (REGISTERED NUMBER: 13344114)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2023 566,000
Revaluations 72,000
At 30th April 2024 638,000
NET BOOK VALUE
At 30th April 2024 638,000
At 30th April 2023 566,000

Fair value at 30th April 2024 is represented by:
£   
Valuation in 2023 22,825
Valuation in 2024 72,000
Cost 543,175
638,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 290 192

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 138,273 138,548
Accruals and deferred income 661 630
138,934 139,178

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Mortgage 407,200 407,200

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage 407,200 407,200

PF ESTATES LIMITED (REGISTERED NUMBER: 13344114)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

8. RESERVES
Revaluation
reserve
£   
At 1st May 2023 22,825
Revaluation of property 72,000

At 30th April 2024 94,825