1 January 2023 false No description of principal activity Taxfiler 2024.6 11110118business:PrivateLimitedCompanyLtd2023-01-012023-12-31 111101182022-12-31 111101182023-01-012023-12-31 11110118business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 11110118business:FilletedAccounts2023-01-012023-12-31 111101182023-12-31 11110118business:Director12023-01-012023-12-31 11110118business:RegisteredOffice2023-01-012023-12-31 111101182022-12-31 11110118core:WithinOneYear2023-12-31 11110118core:WithinOneYear2022-12-31 11110118core:AfterOneYear2023-12-31 11110118core:AfterOneYear2022-12-31 11110118core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 11110118core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 11110118core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 11110118core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 11110118core:PreviouslyStatedAmount2023-12-31 11110118core:PreviouslyStatedAmount2022-12-31 11110118business:SmallEntities2023-01-012023-12-31 11110118countries:EnglandWales2023-01-012023-12-31 11110118core:MotorVehicles2023-01-012023-12-31 11110118core:PlantMachinery2022-12-31 11110118core:MotorVehicles2022-12-31 11110118core:ComputerEquipment2022-12-31 11110118core:PlantMachinery2023-01-012023-12-31 11110118core:ComputerEquipment2023-01-012023-12-31 11110118core:PlantMachinery2023-12-31 11110118core:MotorVehicles2023-12-31 11110118core:ComputerEquipment2023-12-31 111101182022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 11110118 (England and Wales)
P&B Property Development Ltd Unaudited accounts for the year ended 31 December 2023
P&B Property Development Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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P&B Property Development Ltd Company Information for the year ended 31 December 2023
Director
Tony Pallant
Company Number
11110118 (England and Wales)
Registered Office
Franklin House 49 West Street Rochford Essex SS4 1BE England
Accountants
Portway Office Support Limited 458a Ashingdon Road Rochford Essex SS4 3ET
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P&B Property Development Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
29,369 
23,786 
Current assets
Inventories
39,290 
139,290 
Debtors
5
537,163 
325,408 
Cash at bank and in hand
360 
509 
576,813 
465,207 
Creditors: amounts falling due within one year
6
(264,237)
(166,835)
Net current assets
312,576 
298,372 
Total assets less current liabilities
341,945 
322,158 
Creditors: amounts falling due after more than one year
7
(316,000)
(316,000)
Net assets
25,945 
6,158 
Capital and reserves
Called up share capital
20,000 
20,000 
Profit and loss account
5,945 
(13,842)
Shareholders' funds
25,945 
6,158 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 December 2025 and were signed on its behalf by
Tony Pallant Director Company Registration No. 11110118
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P&B Property Development Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
P&B Property Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 11110118. The registered office is Franklin House, 49 West Street, Rochford, Essex, SS4 1BE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Striaght Line Method
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
8,200 
32,750 
2,750 
43,700 
Additions
16,800 
- 
- 
16,800 
At 31 December 2023
25,000 
32,750 
2,750 
60,500 
Depreciation
At 1 January 2023
4,980 
13,100 
1,834 
19,914 
Charge for the year
3,750 
6,550 
917 
11,217 
At 31 December 2023
8,730 
19,650 
2,751 
31,131 
Net book value
At 31 December 2023
16,270 
13,100 
(1)
29,369 
At 31 December 2022
3,220 
19,650 
916 
23,786 
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P&B Property Development Ltd Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
21,794 
16,632 
Trade debtors
510,669 
305,096 
Other debtors
4,700 
3,680 
537,163 
325,408 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
30,093 
30,093 
Obligations under finance leases and hire purchase contracts
- 
7,918 
Trade creditors
185,618 
85,455 
Taxes and social security
290 
- 
Loans from directors
45,986 
41,869 
Accruals
2,250 
1,500 
264,237 
166,835 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
316,000 
316,000 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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