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REGISTERED NUMBER: 04619343 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

P & L Housing Limited

P & L Housing Limited (Registered number: 04619343)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P & L Housing Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: P A Simmons





SECRETARY: K Ellis





REGISTERED OFFICE: Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 04619343 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

P & L Housing Limited (Registered number: 04619343)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 120,000 448,327

CURRENT ASSETS
Debtors 5 7,535 268
Cash at bank 26,672 21,448
34,207 21,716
CREDITORS
Amounts falling due within one year 6 61,531 372,013
NET CURRENT LIABILITIES (27,324 ) (350,297 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,676

98,030

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 8 58,978 -
Retained earnings 33,697 98,029
SHAREHOLDERS' FUNDS 92,676 98,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 March 2025 and were signed by:





P A Simmons - Director


P & L Housing Limited (Registered number: 04619343)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

P & L Housing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2024 448,327
Disposals (387,305 )
Revaluations 58,978
At 31 December 2024 120,000
NET BOOK VALUE
At 31 December 2024 120,000
At 31 December 2023 448,327

P & L Housing Limited (Registered number: 04619343)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2024 is represented by:

Other
investments
£   
Valuation in 2006 1,016,920
Valuation in 2007 42,770
Valuation in 2008 (105,969 )
Valuation in 2013 95,372
Valuation in 2018 (141,233 )
Valuation in 2019 (134,818 )
Valuation in 2020 (142,102 )
Valuation in 2021 (115,573 )
Valuation in 2022 (67,040 )
Valuation in 2024 (328,327 )
120,000

The properties were revalued in 2024 by the company director.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Tax 7,535 268

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 43,863 357,940
Tax 5,224 -
Directors' loan accounts 12,444 14,073
61,531 372,013

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 43,863 357,940

The bank loan is secured on the fixed asset investment properties.

P & L Housing Limited (Registered number: 04619343)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


8. RESERVES
Fair
value
reserve
£   
Investment revaluation reserve 58,978

At 31 December 2024 58,978

9. RELATED PARTY DISCLOSURES

The company is controlled by P Simmons.