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POWELL PROPERTY DEVELOPMENTS LIMITED

Registered Number
06200961
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

POWELL PROPERTY DEVELOPMENTS LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

POWELL, Damien Lawson
POWELL, Simon Lloyd

Company Secretary

POWELL, Damien Lawson

Registered Address

Abacus House
Caxton Place
Cardiff
CF23 8HA

Registered Number

06200961 (England and Wales)
POWELL PROPERTY DEVELOPMENTS LIMITED
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3-11,806
-11,806
Current assets
Stocks4-32,568
Debtors103,060150,446
Cash at bank and on hand13,46943,296
116,529226,310
Creditors amounts falling due within one year5(89,088)(170,889)
Net current assets (liabilities)27,44155,421
Total assets less current liabilities27,44167,227
Creditors amounts falling due after one year6(464,163)(502,074)
Net assets(436,722)(434,847)
Capital and reserves
Called up share capital100100
Profit and loss account(436,822)(434,947)
Shareholders' funds(436,722)(434,847)
The financial statements were approved and authorised for issue by the Board of Directors on 20 January 2025, and are signed on its behalf by:
POWELL, Simon Lloyd
Director
Registered Company No. 06200961
POWELL PROPERTY DEVELOPMENTS LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The company has total net liabilities amounting to £436,723 (2023: £434,847). These statements have been prepared on going concern basis on the continuing support of the director's.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from sale of goods
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 May 2321,3554,17325,528
Disposals(21,355)(4,173)(25,528)
Depreciation and impairment
At 01 May 239,7263,99613,722
Charge for year2,327882,415
On disposals(12,053)(4,084)(16,137)
Net book value
At 30 April 24---
At 30 April 2311,62917711,806
4.Stocks

2024

2023

££
Work in progress-32,568
Total-32,568
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables58,642134,309
Taxation and social security7,11112,220
Finance lease and HP contracts-3,200
Other creditors22,91020,660
Accrued liabilities and deferred income425500
Total89,088170,889
6.Creditors: amounts due after one year

2024

2023

££
Other creditors464,163502,074
Total464,163502,074
Included in creditors more than one year are:- SL Powell Family Trust £464,163 (2023: £495,197) Hire Purchase £- (2023: £6,877)
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts-6,877