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REGISTERED NUMBER: 09840202 (England and Wales)










Financial Statements

for the Period 1 April 2023 to 30 March 2024

for

PFPI Developments Limited

PFPI Developments Limited (Registered number: 09840202)






Contents of the Financial Statements
for the Period 1 April 2023 to 30 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PFPI Developments Limited

Company Information
for the Period 1 April 2023 to 30 March 2024







DIRECTOR: P J Firth





REGISTERED OFFICE: 13 Regent Sreet
Barnsley
S70 2EG





REGISTERED NUMBER: 09840202 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

PFPI Developments Limited (Registered number: 09840202)

Balance Sheet
30 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 236,656 371,656

CURRENT ASSETS
Debtors 5 311,391 30,000
Cash at bank 1,647 6,725
313,038 36,725
CREDITORS
Amounts falling due within one year 6 (127,498 ) (193,392 )
NET CURRENT ASSETS/(LIABILITIES) 185,540 (156,667 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

422,196

214,989

CREDITORS
Amounts falling due after more than one
year

7

(40,849

)

(86,652

)
NET ASSETS 381,347 128,337

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 381,247 128,237
381,347 128,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 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.

PFPI Developments Limited (Registered number: 09840202)

Balance Sheet - continued
30 March 2024


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 28 March 2025 and were signed by:





P J Firth - Director


PFPI Developments Limited (Registered number: 09840202)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 March 2024

1. STATUTORY INFORMATION

PFPI Developments 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

TAXATION
Taxation for the period 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 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 NIL (2023 - NIL).

PFPI Developments Limited (Registered number: 09840202)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 371,656
Disposals (135,000 )
At 30 March 2024 236,656
NET BOOK VALUE
At 30 March 2024 236,656
At 31 March 2023 371,656

The members see no benefit in revaluing the assets.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 311,391 30,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 560 -
Corporation tax 2,189 -
Other creditors 69,000 157,679
Directors' current accounts 54,363 33,854
Accrued expenses 1,386 1,859
127,498 193,392

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 40,849 86,652

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 40,849 86,652

PFPI Developments Limited (Registered number: 09840202)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 March 2024

9. RESERVES
Retained
earnings
£   

At 1 April 2023 128,237
Profit for the period 254,010
Dividends (1,000 )
At 30 March 2024 381,247