Registered number
13835900
P & S Property Holdings Ltd
Filleted Accounts
31 January 2025
P & S Property Holdings Ltd
Registered number: 13835900
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 479,171 469,171
Current assets
Cash at bank and in hand 2,346 5,087
Creditors: amounts falling due within one year 4 (1,492) (2,795)
Net current assets 854 2,292
Total assets less current liabilities 480,025 471,463
Creditors: amounts falling due after more than one year 5 (439,515) (445,783)
Provisions for liabilities (5,700) (3,800)
Net assets 34,810 21,880
Capital and reserves
Called up share capital 4 2
Revaluation reserve 6 30,000 20,000
Profit and loss account 4,806 1,878
Shareholder's funds 34,810 21,880
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Peter Francis Harding
Director
Approved by the board on 9 March 2025
P & S Property Holdings Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 February 2024 469,171
Surplus on revaluation 10,000
At 31 January 2025 479,171
Depreciation
At 31 January 2025 -
Net book value
At 31 January 2025 479,171
At 31 January 2024 469,171
4 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 360 360
Taxation and social security costs 1,132 1,135
Other creditors - 1,300
1,492 2,795
5 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 322,500 322,500
Other creditors 117,015 123,283
439,515 445,783
6 Revaluation reserve 2025 2024
£ £
At 1 February 2024 20,000 -
Gain on revaluation of land and buildings 10,000 20,000
At 31 January 2025 30,000 20,000
7 Other information
P & S Property Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
31 Vienna Close
Harwich
Essex
CO12 3SL
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