1 June 2023 false No description of principal activity Taxfiler 2024.6 13379869business:PrivateLimitedCompanyLtd2023-06-012024-05-31 133798692023-05-31 133798692023-06-012024-05-31 13379869business:AuditExemptWithAccountantsReport2023-06-012024-05-31 13379869business:FilletedAccounts2023-06-012024-05-31 133798692024-05-31 13379869business:Director12023-06-012024-05-31 13379869business:RegisteredOffice2023-06-012024-05-31 133798692023-05-31 13379869core:WithinOneYear2024-05-31 13379869core:WithinOneYear2023-05-31 13379869core:AfterOneYear2024-05-31 13379869core:AfterOneYear2023-05-31 13379869core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 13379869core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 13379869core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 13379869core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 13379869core:PreviouslyStatedAmount2024-05-31 13379869core:PreviouslyStatedAmount2023-05-31 13379869business:SmallEntities2023-06-012024-05-31 13379869countries:EnglandWales2023-06-012024-05-31 133798692022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 13379869 (England and Wales)
Pf Superior Properties Ltd Unaudited accounts for the year ended 31 May 2024
Pf Superior Properties Ltd Unaudited accounts Contents
Page
- 2 -
Pf Superior Properties Ltd Company Information for the year ended 31 May 2024
Director
Mr W D Hedden
Company Number
13379869 (England and Wales)
Registered Office
Unit 2 123 Wennington Road Rainham Esses RM13 9TH
Accountants
Beckett Taylor Limited 63-66 Hatton Garden London EC1N 8LE
- 3 -
Pf Superior Properties Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
311,470 
158,000 
Current assets
Cash at bank and in hand
5,422 
5,231 
Creditors: amounts falling due within one year
(210,541)
(53,850)
Net current liabilities
(205,119)
(48,619)
Total assets less current liabilities
106,351 
109,381 
Creditors: amounts falling due after more than one year
(111,012)
(111,012)
Net liabilities
(4,661)
(1,631)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(4,662)
(1,632)
Shareholders' funds
(4,661)
(1,631)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 October 2024 and were signed on its behalf by
Mr W D Hedden Director Company Registration No. 13379869
- 4 -
Pf Superior Properties Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Pf Superior Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 13379869. The registered office is Unit 2, 123 Wennington Road, Rainham, Esses, RM13 9TH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investment property
2024 
£ 
Fair value at 1 June 2023
158,000 
Additions
153,470 
At 31 May 2024
311,470 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
205,000 
50,001 
Loans from directors
4,691 
2,999 
Accruals
850 
850 
210,541 
53,850 
- 5 -
Pf Superior Properties Ltd Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
111,012 
111,012 
7
Transactions with related parties
The company had a interest free loan with a related party Superior Single Ply Limited in the sum of £205,000 (£50,000 - 2023)
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -