Company Registration No. 00584432 (England and Wales)
PAGE'S (PROPERTIES & BUSINESSES) LIMITED
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
PAGE'S (PROPERTIES & BUSINESSES) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
PAGE'S (PROPERTIES & BUSINESSES) LIMITED
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
70,533
70,884
Current assets
Debtors
5
832
1,860
Investments
6
272,944
323,951
Cash at bank and in hand
34,796
22,653
308,572
348,464
Creditors: amounts falling due within one year
7
(32,813)
(30,687)
Net current assets
275,759
317,777
Total assets less current liabilities
346,292
388,661
Provisions for liabilities
(17,633)
(17,721)
Net assets
328,659
370,940
Capital and reserves
Called up share capital
100
100
Share premium account
2,896
2,896
Profit and loss reserves
325,663
367,944
Total equity
328,659
370,940
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
PAGE'S (PROPERTIES & BUSINESSES) LIMITED
BALANCE SHEET (CONTINUED)
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 26 February 2025 and are signed on its behalf by:
J S D Page
Director
Company Registration No. 00584432
PAGE'S (PROPERTIES & BUSINESSES) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 3 -
1
Accounting policies
Company information
Page's (Properties & Businesses) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Yew Tree Cottage, Edge View Lane, Alderley Edge, Cheshire, United Kingdom, SK9 7SU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, being investment properties and is shown net of VAT and other sales related taxes.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings Freehold
Nil on investment properties.
Fixtures, fittings & equipment
15% pa reducing balance.
Computer equipment
33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
PAGE'S (PROPERTIES & BUSINESSES) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 4 -
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was: 3
2024
2023
Number
Number
Total
3
3
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 June 2023
66,500
13,128
79,628
Additions
425
425
At 31 May 2024
66,500
13,553
80,053
Depreciation and impairment
At 1 June 2023
8,744
8,744
Depreciation charged in the year
776
776
At 31 May 2024
9,520
9,520
Carrying amount
At 31 May 2024
66,500
4,033
70,533
At 31 May 2023
66,500
4,384
70,884
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
832
1,860
PAGE'S (PROPERTIES & BUSINESSES) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 5 -
6
Current asset investments
2024
2023
£
£
Other investments
272,944
323,951
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
123
Other creditors
32,690
30,687
32,813
30,687