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REGISTERED NUMBER: 04954458 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

POWLES PROPERTIES LIMITED

POWLES PROPERTIES LIMITED (REGISTERED NUMBER: 04954458)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POWLES PROPERTIES LIMITED

Company Information
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: M D Powles





SECRETARY: M D Powles





REGISTERED OFFICE: 16 Royal Crescent
Cheltenham
Gloucestershire
GL50 3DA





REGISTERED NUMBER: 04954458 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

POWLES PROPERTIES LIMITED (REGISTERED NUMBER: 04954458)

Balance Sheet
31 AUGUST 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Work in progress 162,511 162,511
Debtors 4 47,446 63,103
Cash at bank 31 4,714
209,988 230,328
CREDITORS
Amounts falling due within one year 5 145,025 150,277
NET CURRENT ASSETS 64,963 80,051
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,963

80,051

CREDITORS
Amounts falling due after more than
one year

6

9,167

19,167
NET ASSETS 55,796 60,884

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Capital redemption reserve 1,000 1,000
Retained earnings 52,796 57,884
SHAREHOLDERS' FUNDS 55,796 60,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

POWLES PROPERTIES LIMITED (REGISTERED NUMBER: 04954458)

Balance Sheet - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 May 2025 and were signed by:





M D Powles - Director


POWLES PROPERTIES LIMITED (REGISTERED NUMBER: 04954458)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

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

Stocks
Work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

POWLES PROPERTIES LIMITED (REGISTERED NUMBER: 04954458)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 47,216 63,103
Other debtors 230 -
47,446 63,103

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 738 593
Amounts owed to group undertakings 6,120 1,177
Taxation and social security - 10,006
Other creditors 128,167 128,501
145,025 150,277

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 9,167 19,167