REGISTERED NUMBER: |
360 PROPERTY LTD |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
1ST JANUARY 2023 TO 30TH DECEMBER 2023 |
REGISTERED NUMBER: |
360 PROPERTY LTD |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
1ST JANUARY 2023 TO 30TH DECEMBER 2023 |
360 PROPERTY LTD (REGISTERED NUMBER: 07679526) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST JANUARY 2023 TO 30TH DECEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
360 PROPERTY LTD |
COMPANY INFORMATION |
FOR THE PERIOD 1ST JANUARY 2023 TO 30TH DECEMBER 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Pembroke House |
Llantarnam Park Way |
Cwmbran |
Torfaen |
NP44 3AU |
360 PROPERTY LTD (REGISTERED NUMBER: 07679526) |
BALANCE SHEET |
30TH DECEMBER 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
360 PROPERTY LTD (REGISTERED NUMBER: 07679526) |
BALANCE SHEET - continued |
30TH DECEMBER 2023 |
The financial statements were approved by the director and authorised for issue on |
360 PROPERTY LTD (REGISTERED NUMBER: 07679526) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST JANUARY 2023 TO 30TH DECEMBER 2023 |
1. | STATUTORY INFORMATION |
360 Property Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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 period 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
360 PROPERTY LTD (REGISTERED NUMBER: 07679526) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST JANUARY 2023 TO 30TH DECEMBER 2023 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors | ( |
) |
Other debtors |
181 Lichfield Rd Ltd |
Cwtch Investments Ltd |
360 Investment Solutions Ltd |
Prepayments |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Other loans |
Trade creditors |
Corporation Tax |
Social security and other taxes |
VAT |
Other creditors |
360 Ventures Ltd |
360 Revolution Ltd |
181 Lichfield Rd Ltd |
360 Property Ltd Pension |
Directors' current accounts |
Accruals and deferred income |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans more than 1 year |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary A | £1 | 75 | 75 |
Ordinary B | £1 | 25 | 25 |
100 | 100 |
360 PROPERTY LTD (REGISTERED NUMBER: 07679526) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST JANUARY 2023 TO 30TH DECEMBER 2023 |
8. | RELATED PARTY DISCLOSURES |
At 31 December 2023 £479,514 was owed to the director A K Davies (2022 : £557,995). |
At 31 December 2023 the company owed £2,5444,861 to 360 Ventures Ltd, a company under the control of the director A K Davies (2022 : £2,505,120). |
At the 31 December 2023 the company owed £83,123 to 360 Property Ltd Pension Scheme (2022 : 89,861). |
At the 31 December 2023 the company owed £235,094 to 181 Lichfield Road Ltd (2022 : the company was owed £292,809 from 181 Lichfield Road Ltd). |
At 31 December 2023 the company was owed £51,551 from Cwtch Investments Ltd (2022 : £Nil). |
At 31 December 2023 the company was owed £37,319 from 360 Investment Solutions Ltd (2022 : £Nil). |