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REGISTERED NUMBER: 04201394 (England and Wales)


































Unaudited Financial Statements

for the Year Ended 30 June 2024

for

PETER CLARK PROPERTY SERVICES LIMITED

PETER CLARK PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04201394)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PETER CLARK PROPERTY SERVICES LIMITED

Company Information
for the year ended 30 June 2024







DIRECTORS: P Clark
Mrs S L Parkin





SECRETARY: Mrs L Clark





REGISTERED OFFICE: 1 Parker Terrace
Ferryhill
Co. Durham
DL17 8JY





REGISTERED NUMBER: 04201394 (England and Wales)





ACCOUNTANTS: Mitchells Grievson Limited
Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX

PETER CLARK PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04201394)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,211 68,674
Investment property 5 363,333 363,333
431,544 432,007

CURRENT ASSETS
Debtors 6 20,478 19,996
Cash in hand 2,694 2,541
23,172 22,537
CREDITORS
Amounts falling due within one year 7 107,516 86,610
NET CURRENT LIABILITIES (84,344 ) (64,073 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

347,200

367,934

CREDITORS
Amounts falling due after more than one
year

8

(92,304

)

(108,481

)

PROVISIONS FOR LIABILITIES (293 ) (381 )
NET ASSETS 254,603 259,072

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 10 173,466 173,466
Retained earnings 80,137 84,606
SHAREHOLDERS' FUNDS 254,603 259,072

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

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

PETER CLARK PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04201394)

Balance Sheet - continued
30 June 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 28 November 2024 and were signed on its behalf by:





P Clark - Director


PETER CLARK PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04201394)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Peter Clark Property Services 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.

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 - Nil
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 20% 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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

PETER CLARK PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04201394)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 July 2023
and 30 June 2024 66,667 6,956 11,066 417 85,106
DEPRECIATION
At 1 July 2023 - 6,956 9,059 417 16,432
Charge for year - - 463 - 463
At 30 June 2024 - 6,956 9,522 417 16,895
NET BOOK VALUE
At 30 June 2024 66,667 - 1,544 - 68,211
At 30 June 2023 66,667 - 2,007 - 68,674

Cost or valuation at 30 June 2024 is represented by:

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Valuation in 2016 23,565 - - - 23,565
Valuation in 2018 8,334 - - - 8,334
Cost 34,768 6,956 11,066 417 53,207
66,667 6,956 11,066 417 85,106

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 34,768 34,768

Property and improvements were valued on an open market basis on 30 June 2018 by the Directors .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 363,333
NET BOOK VALUE
At 30 June 2024 363,333
At 30 June 2023 363,333

PETER CLARK PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04201394)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

5. INVESTMENT PROPERTY - continued

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2016 76,571
Valuation in 2018 6,667
Valuation in 2022 67,756
Cost 212,339
363,333

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,016 1,934
Other debtors 17,462 18,062
20,478 19,996

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 44,573 20,083
Trade creditors 2,570 2,952
Taxation and social security 54,498 57,209
Other creditors 5,875 6,366
107,516 86,610

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 92,304 108,481

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 40,693 51,694

9. SECURED DEBTS

Bank facilities are secured by a floating and a fixed charge which covers all property or undertakings of the company.

10. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 173,466