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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
Page
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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
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PIPELINE PROPERTIES LIMITED Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,059 
397,004 
Investments
56,927 
37,289 
58,986 
434,293 
Current assets
Debtors
563 
563 
Investments
33,821 
- 
Cash at bank and in hand
574 
1,428 
34,958 
1,991 
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)
Capital and reserves
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
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PIPELINE PROPERTIES LIMITED Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
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.
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.
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:
Fixtures & fittings
18%
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 
Depreciation
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 
Net book value
At 31 October 2024
600 
- 
1,459 
2,059 
At 31 October 2023
388,476 
8,528 
- 
397,004 
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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 
Additions
1,000 
Fair value adjustments
18,638 
Valuation at 31 October 2024
56,927 
6
Debtors
2024 
2023 
£ 
£ 
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 
£ 
£ 
VAT
(1,109)
(1,109)
Obligations under finance leases and hire purchase contracts
1,767 
- 
Other creditors
2,390 
1,096 
Loans from directors
170,407 
189,342 
173,455 
189,329 
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).
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