PT Building Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04613307 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

PT Building Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr Daniel Paul McKillop

SECRETARY:

Mr Gerard McKillop

REGISTERED OFFICE:

11 Quantum

2 Chapeltown Street

Manchester

M1 2BJ

REGISTERED NUMBER:

04613307 (England and Wales)

ACCOUNTANTS:

Lomas and Company Accountants Limited

Bridge House

12 Market Street

Glossop

Derbyshire

SK13 8AR

FIXED ASSETS

Tangible assets

4

4,619

37

Investment property

5

3,328,520

3,333,139

3,328,557

CURRENT ASSETS

Debtors

6

729,730

1,031,258

Cash at bank

1,749,467

1,010,718

2,479,197

2,041,976

CREDITORS

Amounts falling due within one year

7

3,649,850

3,571,337

NET CURRENT LIABILITIES

(1,170,653

)

(1,529,361

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,162,486

1,799,196

PROVISIONS FOR LIABILITIES

1,155

-

NET ASSETS

2,161,331

1,799,196

CAPITAL AND RESERVES

Called up share capital

10

Retained earnings

2,161,321

1,799,186

SHAREHOLDERS' FUNDS

2,161,331

1,799,196

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

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

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 25 September 2025 and were signed by:

Mr Daniel Paul McKillop - Director

1.	STATUTORY INFORMATION

PT Building 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 represents services provided and sale of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2024

-

15,250

Additions

6,125

-

6,125

At 31 December 2024

6,125

15,250

21,375

DEPRECIATION

At 1 January 2024

-

15,213

Charge for year

1,531

12

1,543

At 31 December 2024

1,531

15,225

16,756

NET BOOK VALUE

At 31 December 2024

4,594

25

4,619

At 31 December 2023

-

37

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

3,328,520

NET BOOK VALUE

At 31 December 2024

3,328,520

At 31 December 2023

3,328,520

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

227,572

564,478

Other debtors

502,158

466,780

729,730

1,031,258

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

116,096

11,327

Taxation and social security

141,638

176,085

Other creditors

3,392,116

3,383,925

3,649,850

3,571,337

8.	RELATED PARTY DISCLOSURES

Loans of £3,374,925 are owed to Mr D McKillop and these loans are provided to the company on an interest free basis.The loans are repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The company is under the control of Mr D McKillop, by virtue of his ownership of the share capital in Pinetree Holdings Limited.