2023-08-012024-07-312024-07-31false12736418PAULBPROPERTY 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PAULBPROPERTY LTD

Registered Number
12736418
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

PAULBPROPERTY LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

BANFIELD, Paul Lawrence
MCNAMARA, Tracy

Registered Address

1 Gemini Court
42a Throwley Way
Sutton
SM1 4AF

Registered Number

12736418 (England and Wales)
PAULBPROPERTY LTD
Statement of Financial Position
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets39611,282
Investment property4387,503387,503
388,464388,785
Current assets
Debtors95,27373,760
Cash at bank and on hand1,37617,218
96,64990,978
Prepayments and accrued income3703,375
Creditors amounts falling due within one year5(165,237)(158,457)
Net current assets (liabilities)(68,218)(64,104)
Total assets less current liabilities320,246324,681
Creditors amounts falling due after one year6(193,378)(193,353)
Provisions for liabilities7(21,391)(21,391)
Net assets105,477109,937
Capital and reserves
Called up share capital100100
Revaluation reserve91,19391,193
Profit and loss account14,18418,644
Shareholders' funds8105,477109,937
The financial statements were approved and authorised for issue by the Board of Directors on 27 May 2025, and are signed on its behalf by:
BANFIELD, Paul Lawrence
Director
Registered Company No. 12736418
PAULBPROPERTY LTD
Notes to the Financial Statements
for the year ended 31 July 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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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 Equipment25
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 and loss.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 August 231,7091,709
At 31 July 241,7091,709
Depreciation and impairment
At 01 August 23427427
Charge for year321321
At 31 July 24748748
Net book value
At 31 July 24961961
At 31 July 231,2821,282
4.Investment property

£
Fair value at 01 August 23387,503
At 31 July 24387,503
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security-4,572
Other creditors163,455150,655
Accrued liabilities and deferred income1,7823,230
Total165,237158,457
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts193,378193,353
Total193,378193,353
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)21,39121,391
Total21,39121,391
8.Revaluation reserve

£
Reserve at 01 August 2391,193
At 31 July 2491,193
9.Further information regarding the company's financial position
The company has outstanding charges against their Investment properties with Shawbrook Bank.