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REGISTERED NUMBER: 08653817 (England and Wales)















3 POINT PROPERTY MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






3 POINT PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08653817)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


3 POINT PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr M Lockwood
Mr A J Cole





REGISTERED OFFICE: 2 Front Street
Mendlesham
Stowmarket
Suffolk
IP14 5RY





REGISTERED NUMBER: 08653817 (England and Wales)

3 POINT PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08653817)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 34,000 42,500
Tangible assets 5 12,261 15,276
46,261 57,776

CURRENT ASSETS
Debtors 6 118,573 106,087
Cash at bank 16,035 93,475
134,608 199,562
CREDITORS
Amounts falling due within one year 7 (39,145 ) (64,182 )
NET CURRENT ASSETS 95,463 135,380
TOTAL ASSETS LESS CURRENT LIABILITIES 141,724 193,156

PROVISIONS FOR LIABILITIES 8 (3,066 ) (3,700 )
NET ASSETS 138,658 189,456

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 138,538 189,336
SHAREHOLDERS' FUNDS 138,658 189,456

3 POINT PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08653817)

BALANCE SHEET - continued
31 MARCH 2024


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

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

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 22 January 2025 and were signed on its behalf by:




Mr M Lockwood - Director



Mr A J Cole - Director


3 POINT PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08653817)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

3 Point Property Management 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.

For the purposes of presentation, the financial statements are rounded to the nearest Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents amounts receivable for services provided during the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Equipment - 25% on cost

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.


3 POINT PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08653817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

Operating lease commitments
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

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.

Financial instruments
Basic financial instruments are recognised at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 85,000
AMORTISATION
At 1 April 2023 42,500
Charge for year 8,500
At 31 March 2024 51,000
NET BOOK VALUE
At 31 March 2024 34,000
At 31 March 2023 42,500

3 POINT PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08653817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Motor
vehicles Equipment Totals
£    £    £   
COST
At 1 April 2023 21,250 15,334 36,584
Additions 5,200 1,471 6,671
Disposals (12,750 ) - (12,750 )
At 31 March 2024 13,700 16,805 30,505
DEPRECIATION
At 1 April 2023 8,752 12,556 21,308
Charge for year 3,031 1,948 4,979
Eliminated on disposal (8,043 ) - (8,043 )
At 31 March 2024 3,740 14,504 18,244
NET BOOK VALUE
At 31 March 2024 9,960 2,301 12,261
At 31 March 2023 12,498 2,778 15,276

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,946 36,098
Other debtors 48,369 24,307
Directors' current accounts 55,258 42,440
Prepayments and accrued income 6,000 3,242
118,573 106,087

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,140 1,691
Corporation tax - 36,668
Other tax and social security 22,674 11,626
Other creditors 10,576 9,637
Accruals and deferred income 4,755 4,560
39,145 64,182

3 POINT PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08653817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,066 3,700

Deferred
tax
£   
Balance at 1 April 2023 3,700
Provided during year (634 )
Balance at 31 March 2024 3,066

9. TRANSACTIONS WITH THE DIRECTORS

During the year Mr M Lockwood withdrew £12,758 (2023: £34,934) and introduced £Nil (2023: £44,196). At the year end £39,256 was due from Mr M Lockwood to the company (2023: £26,498). The balance is unsecured, interest is at 2.25% and repayable on demand.

During the year Mr A Cole withdrew £503 (2023: £72,468) and introduced £444 (2023: £54,172). At the year end £16,001 was due from Mr A Cole to the company (2023: £15,942).

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.