Silverfin false false 30/04/2024 01/05/2023 30/04/2024 C J Black 14/03/2001 02 January 2025 The principal activity of the Company during the financial year was the management of ninety six flats at Kern Close, Romsey Road, Southampton. 02651922 2024-04-30 02651922 bus:Director1 2024-04-30 02651922 core:CurrentFinancialInstruments 2024-04-30 02651922 core:CurrentFinancialInstruments 2023-04-30 02651922 2023-04-30 02651922 core:ShareCapital 2024-04-30 02651922 core:ShareCapital 2023-04-30 02651922 core:OtherCapitalReserve 2024-04-30 02651922 core:OtherCapitalReserve 2023-04-30 02651922 core:RetainedEarningsAccumulatedLosses 2024-04-30 02651922 core:RetainedEarningsAccumulatedLosses 2023-04-30 02651922 2023-05-01 2024-04-30 02651922 bus:FilletedAccounts 2023-05-01 2024-04-30 02651922 bus:SmallEntities 2023-05-01 2024-04-30 02651922 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 02651922 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02651922 bus:Director1 2023-05-01 2024-04-30 02651922 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 02651922 (England and Wales)

PLACEDIRECT PROPERTY MANAGEMENT LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

PLACEDIRECT PROPERTY MANAGEMENT LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

PLACEDIRECT PROPERTY MANAGEMENT LIMITED

BALANCE SHEET

As at 30 April 2024
PLACEDIRECT PROPERTY MANAGEMENT LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Current assets
Debtors 3 20,231 22,625
Cash at bank and in hand 4,785 2,588
25,016 25,213
Creditors: amounts falling due within one year 4 ( 13,385) ( 7,753)
Net current assets 11,631 17,460
Total assets less current liabilities 11,631 17,460
Net assets 11,631 17,460
Capital and reserves
Called-up share capital 96 96
Other reserves 13,140 7,764
Profit and loss account ( 1,605 ) 9,600
Total shareholders' funds 11,631 17,460

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Placedirect Property Management Limited (registered number: 02651922) were approved and authorised for issue by the Director on 02 January 2025. They were signed on its behalf by:

C J Black
Director
PLACEDIRECT PROPERTY MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
PLACEDIRECT PROPERTY MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Placedirect Property Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 73-75 Millbrook Road East, Southampton, Hampshire, SO15 1RJ, United Kingdom. The principal place of business is Kern Court, Green Lane, Maybush, Southampton, Hampshire, SO16 9RA.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable in respect of maintenance contributions and sundry income.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

2024 2023
£ £
Trade debtors 3,899 2,951
Prepayments 4,297 5,640
Other debtors 12,035 14,034
20,231 22,625

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 3,211 3,096
Accruals 1,074 1,044
Other taxation and social security 46 36
Other creditors 9,054 3,577
13,385 7,753