Company Registration No. 13676966 (England and Wales)
PIPELINE PROPERTIES LIMITED
Unaudited accounts
for the year ended 31 October 2024
PIPELINE PROPERTIES LIMITED
Unaudited accounts
Contents
PIPELINE PROPERTIES LIMITED
Company Information
for the year ended 31 October 2024
Directors
Simon Robert Vaughan
VAUGHAN, Tara Donovan
Company Number
13676966 (England and Wales)
Registered Office
102 HAREWOOD AVENUE
BOURNEMOUTH
DORSET
BH7 6NS
UNITED KINGDOM
PIPELINE PROPERTIES LIMITED
Statement of financial position
as at 31 October 2024
Tangible assets
2,059
397,004
Cash at bank and in hand
574
1,428
Creditors: amounts falling due within one year
(173,455)
(189,329)
Net current liabilities
(138,497)
(187,338)
Total assets less current liabilities
(79,511)
246,955
Creditors: amounts falling due after more than one year
25,000
(301,827)
Net liabilities
(54,511)
(54,872)
Profit and loss account
(54,511)
(54,872)
Shareholders' funds
(54,511)
(54,872)
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 3 March 2025 and were signed on its behalf by
Simon Robert Vaughan
Director
Company Registration No. 13676966
PIPELINE PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 October 2024
PIPELINE PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13676966. The registered office is 102 HAREWOOD AVENUE, BOURNEMOUTH, DORSET, BH7 6NS, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
409,750
13,324
-
423,074
Additions
600
-
1,779
2,379
Revaluations
(9,750)
-
-
(9,750)
Disposals
(400,000)
(13,324)
-
(413,324)
At 31 October 2024
600
-
1,779
2,379
At 1 November 2023
21,274
4,796
-
26,070
Charge for the year
-
-
320
320
On disposals
(21,274)
(4,796)
-
(26,070)
At 31 October 2024
-
-
320
320
At 31 October 2024
600
-
1,459
2,059
At 31 October 2023
388,476
8,528
-
397,004
PIPELINE PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 October 2024
5
Investments
Other investments
Valuation at 1 November 2023
37,289
Fair value adjustments
18,638
Valuation at 31 October 2024
56,927
Amounts falling due within one year
Accrued income and prepayments
563
563
7
Investments held as current assets
2024
2023
Unlisted investments
33,821
-
8
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
1,767
-
Other creditors
2,390
1,096
Loans from directors
170,407
189,342
9
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
(25,000)
301,827
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).