Registered number
10205891
PINE PROPERTIES SERVICES LTD
Unaudited Filleted Accounts
31 May 2024
TEMPLETONS (HOLDINGS) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
PINE PROPERTIES SERVICES LTD
Registered number: 10205891
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 297,000 297,000
Current assets
Cash at bank and in hand 446 2,535
Creditors: amounts falling due within one year 4 (35,412) (34,156)
Net current liabilities (34,966) (31,621)
Total assets less current liabilities 262,034 265,379
Creditors: amounts falling due after more than one year 5 (336,721) (342,725)
Provisions for liabilities (1,942) (1,942)
Net liabilities (76,629) (79,288)
Capital and reserves
Called up share capital 200 200
Revaluation reserve 6 8,276 8,276
Profit and loss account (85,105) (87,764)
Shareholders' funds (76,629) (79,288)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Khalil UR Rahman
Director
Approved by the board on 17 February 2025
PINE PROPERTIES SERVICES LTD
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the renting of own properties.
Tangible fixed assets
Tangible fixed assets consist of Investment Properties. Investment Properties are revalued at the year end by the company's Directors based on open market values.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Going concern
Notwithstanding the net assets defiency, the financial statements have been prepared on a going
concern basis as in the opinion of the director, the company has sufficient financial support from
its creditors and shareholders to pay its debts as they fall due.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 June 2023 297,000
At 31 May 2024 297,000
Depreciation
At 31 May 2024 -
Net book value
At 31 May 2024 297,000
At 31 May 2023 297,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,000 6,000
Other creditors 29,412 28,156
35,412 34,156
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other loans 329,725 329,725
Bank Loan 6,996 13,000
336,721 342,725
6 Revaluation reserve 2024 2023
£ £
At 1 June 2023 8,276 8,276
At 31 May 2024 8,276 8,276
7 Controlling party
The company was under the control of Mr K UR Rahman and Mrs Kishwar Naheed ,both directors and shareholders of the company thoughtout the year.
8 Other information
PINE PROPERTIES SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
309 Hoe Street
Walthamstow
London
E17 9BG
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