1 July 2023 false No description of principal activity Taxfiler 2024.6 09005755business:PrivateLimitedCompanyLtd2023-07-012024-06-30 090057552023-06-30 090057552023-07-012024-06-30 09005755business:AuditExemptWithAccountantsReport2023-07-012024-06-30 09005755business:FilletedAccounts2023-07-012024-06-30 090057552024-06-30 09005755business:Director12023-07-012024-06-30 09005755business:RegisteredOffice2023-07-012024-06-30 090057552023-06-30 09005755core:WithinOneYear2024-06-30 09005755core:WithinOneYear2023-06-30 09005755core:AfterOneYear2024-06-30 09005755core:AfterOneYear2023-06-30 09005755core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 09005755core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 09005755core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 09005755core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 09005755core:PreviouslyStatedAmount2024-06-30 09005755core:PreviouslyStatedAmount2023-06-30 09005755business:SmallEntities2023-07-012024-06-30 09005755countries:EnglandWales2023-07-012024-06-30 09005755core:AfterOneYear2023-07-012024-06-30 090057552022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 09005755 (England and Wales)
Access Plumstead Limited Unaudited accounts for the year ended 30 June 2024
Access Plumstead Limited Unaudited accounts Contents
Page
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Access Plumstead Limited Company Information for the year ended 30 June 2024
Director
X Lita
Company Number
09005755 (England and Wales)
Registered Office
Standard House 107 - 115 Eastmoor Street London SE7 8LX United Kingdom
Accountants
Valuemaven Business Services (UK) Limited 7 Lita Mews Romford London RM1 3FG
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Access Plumstead Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,575,000 
1,575,000 
Current assets
Debtors
615,583 
621,965 
Cash at bank and in hand
105 
105 
615,688 
622,070 
Creditors: amounts falling due within one year
(13,786)
(21,397)
Net current assets
601,902 
600,673 
Total assets less current liabilities
2,176,902 
2,175,673 
Creditors: amounts falling due after more than one year
(1,198,968)
(1,198,968)
Provisions for liabilities
Deferred tax
(203,305)
(203,305)
Net assets
774,629 
773,400 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
774,529 
773,300 
Shareholders' funds
774,629 
773,400 
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 20 March 2025 and were signed on its behalf by
X Lita Director Company Registration No. 09005755
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Access Plumstead Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Access Plumstead Limited is a private company, limited by shares, registered in England and Wales, registration number 09005755. The registered office is Standard House, 107 - 115 Eastmoor Street, London, SE7 8LX, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of services is recognised when services have been delivered to customers such that risks and rewards of ownership have transferred to them.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investment property
2024 
£ 
Fair value at 1 July 2023
1,575,000 
At 30 June 2024
1,575,000 
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Access Plumstead Limited Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
86,993 
78,375 
Amounts due from group undertakings etc.
510,940 
540,940 
Other debtors
17,650 
2,650 
615,583 
621,965 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
4,896 
18,857 
Other creditors
1,340 
1,390 
Loans from directors
6,400 
- 
Accruals
1,150 
1,150 
13,786 
21,397 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,198,968 
1,198,968 
The bank loan is secured against the investment property. In addition to that Mr X Lita has provided personal guarantee against the bank loan.
8
Transactions with related parties
Other debtors includes amount receivable of £86,993 (2023: £78,375) from Access Property Management, subsidiary of Lita Homes Limited and £510,940 (2023: £525,940) from parent company Lita Homes Limited and Access Building Contractors Limited £15,000 (2023: £15,000). Mr X Lita is the director of all the companies.
9
Controlling party
The company is subsidiary of Lita Homes Limited. The ultimate controlling party is Mr X Lita who is common director of parent and subsidiary and controlling shareholder of Lita Homes Limited, parent company of Access Plumstead Limited.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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