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REGISTERED NUMBER: 05889980 (England and Wales)












P & D PROPERTY DEVELOPERS LIMITED

Financial Statements

for the Year Ended 31 July 2024






P & D PROPERTY DEVELOPERS LIMITED (REGISTERED NUMBER: 05889980)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P & D PROPERTY DEVELOPERS LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTOR: P M Mumford





SECRETARY: A M Hampton





REGISTERED OFFICE: The Old Mill, Kings Mill
Kings Mill Lane
South Nutfield
Surrey
RH1 5NB





REGISTERED NUMBER: 05889980 (England and Wales)





ACCOUNTANTS: The Bailey Partnership
Chartered Accountants
The Old Mill, Kings Mill
Kings Mill Lane
South Nutfield
Surrey
RH1 5NB

P & D PROPERTY DEVELOPERS LIMITED (REGISTERED NUMBER: 05889980)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 360,500 360,500

CURRENT ASSETS
Cash at bank and in hand 11,769 16,471

CREDITORS
Amounts falling due within one year 5 160,966 160,817
NET CURRENT LIABILITIES (149,197 ) (144,346 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,303

216,154

CREDITORS
Amounts falling due after more than one
year

6

47,200

66,708
NET ASSETS 164,103 149,446

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 164,003 149,346
SHAREHOLDERS' FUNDS 164,103 149,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 10 January 2025 and were signed by:




P M Mumford - Director


P & D PROPERTY DEVELOPERS LIMITED (REGISTERED NUMBER: 05889980)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

P & D Property Developers 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.

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.
Freehold property - not provided

Fixed assets do not require replacement of parts or the cost of major inspections to be recognised separately.

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.

Holiday pay
No liability is recognised in respect of holiday pay as employees are unable to carry forward holiday into future periods.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

P & D PROPERTY DEVELOPERS LIMITED (REGISTERED NUMBER: 05889980)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 August 2023
and 31 July 2024 360,500
NET BOOK VALUE
At 31 July 2024 360,500
At 31 July 2023 360,500

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 7) 22,572 22,572
Trade creditors 110 192
Tax 3,563 4,586
VAT 1,354 1,393
Directors' loan accounts 132,067 130,774
Accrued expenses 1,300 1,300
160,966 160,817

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 7) 47,200 66,708

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 22,572 22,572

Amounts falling due between two and five years:
Bank loans - 2-5 years 47,200 66,708

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 69,772 89,280

The bank loan is secured by a first charge on the freehold property.

P & D PROPERTY DEVELOPERS LIMITED (REGISTERED NUMBER: 05889980)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 August 2023 149,346
Profit for the year 14,657
At 31 July 2024 164,003