2023-09-012024-08-312024-08-31false14268220PEBBLE LIFE PROPERTIES 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PEBBLE LIFE PROPERTIES LIMITED

Registered Number
14268220
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

PEBBLE LIFE PROPERTIES LIMITED
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

WOODGER, Monika
WOODGER, Peter Howard

Registered Address

24 Russell Square
Brighton
BN1 2EE

Registered Number

14268220 (England and Wales)
PEBBLE LIFE PROPERTIES LIMITED
Statement of Financial Position
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets4560,488539,622
560,488539,622
Current assets
Cash at bank and on hand13,4141,474
13,4141,474
Creditors amounts falling due within one year6(3,716)(3,134)
Net current assets (liabilities)9,698(1,660)
Total assets less current liabilities570,186537,962
Creditors amounts falling due after one year7(528,440)(528,440)
Provisions for liabilities(3,800)-
Net assets37,9469,522
Capital and reserves
Profit and loss account37,9469,522
Shareholders' funds37,9469,522
The financial statements were approved and authorised for issue by the Board of Directors on 9 April 2025, and are signed on its behalf by:
WOODGER, Peter Howard
Director
Registered Company No. 14268220
PEBBLE LIFE PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Office Equipment20
2.Average number of employees

20242023
Average number of employees during the year00
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 September 23539,622
Additions1,019
Revaluations20,000
At 31 August 24560,641
Depreciation and impairment
Charge for year153
At 31 August 24153
Net book value
At 31 August 24560,488
At 31 August 23539,622
5.Revaluation of property, plant and equipment

2024

2023

££
Property, plant and equipment / tangible fixed assets20,000-
6.Creditors: amounts due within one year

2024

2023

££
Taxation and social security2,7872,234
Accrued liabilities and deferred income929900
Total3,7163,134
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.
7.Creditors: amounts due after one year

2024

2023

££
Other creditors528,440528,440
Total528,440528,440
Long 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.