REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 September 2024 |
for |
PELL Property Group Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 September 2024 |
for |
PELL Property Group Ltd |
PELL Property Group Ltd (Registered number: 13634993) |
Contents of the Financial Statements |
for the Year Ended 30 September 2024 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
PELL Property Group Ltd (Registered number: 13634993) |
Balance Sheet |
30 September 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investment property | 4 |
Current assets |
Cash at bank |
Creditors |
Amounts falling due within one year | 5 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Provisions for liabilities |
Net assets |
Capital and reserves |
Called up share capital | 6 |
Investment Property reserve | 7 |
Retained earnings | ( |
) | ( |
) |
Shareholders' funds |
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. |
PELL Property Group Ltd (Registered number: 13634993) |
Balance Sheet - continued |
30 September 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
PELL Property Group Ltd (Registered number: 13634993) |
Notes to the Financial Statements |
for the Year Ended 30 September 2024 |
1. | Statutory information |
PELL Property Group Ltd is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover represents rents receivable for the period. |
Investment property |
Investment property is valued by the directors at the year end. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
PELL Property Group Ltd (Registered number: 13634993) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
3. | Employees and directors |
The average number of employees during the year was NIL (2023 - NIL). |
4. | Investment property |
Total |
£ |
Fair value |
At 1 October 2023 |
Revaluations | 10,000 |
At 30 September 2024 |
Net book value |
At 30 September 2024 |
At 30 September 2023 |
Fair value at 30 September 2024 is represented by: |
£ |
Valuation in 2023 | 20,000 |
Valuation in 2024 | 10,000 |
30,000 |
5. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Other creditors |
6. | Called up share capital |
Allotted and issued: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary A shares | £1 | 500 | 500 |
Ordinary B shares | £1 | 500 | 500 |
1,000 | 1,000 |
PELL Property Group Ltd (Registered number: 13634993) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
7. | Reserves |
Investment |
Property |
reserve |
£ |
At 1 October 2023 |
Transfer from profit and loss | 7,575 |
At 30 September 2024 |
8. | Related party disclosures |
Within creditors is a balance of £10,200 (2023 £11,150) owed to the directors. |