Company Registration No. 11110118 (England and Wales)
P&B Property Development Ltd
Unaudited accounts
for the year ended 31 December 2024
P&B Property Development Ltd
Unaudited accounts
Contents
P&B Property Development Ltd
Company Information
for the year ended 31 December 2024
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
P&B Property Development Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
19,069
29,369
Cash at bank and in hand
727
360
Creditors: amounts falling due within one year
(281,037)
(264,237)
Net current assets
332,937
312,576
Total assets less current liabilities
352,006
341,945
Creditors: amounts falling due after more than one year
(316,000)
(316,000)
Called up share capital
20,000
20,000
Profit and loss account
16,006
5,945
Shareholders' funds
36,006
25,945
For the year ending 31 December 2024 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
P&B Property Development Ltd
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
25,000
32,750
2,750
60,500
At 31 December 2024
25,000
32,750
2,750
60,500
At 1 January 2024
8,730
19,650
2,751
31,131
Charge for the year
3,750
6,550
-
10,300
At 31 December 2024
12,480
26,200
2,751
41,431
At 31 December 2024
12,520
6,550
(1)
19,069
At 31 December 2023
16,270
13,100
(1)
29,369
Amounts falling due within one year
Trade debtors
562,837
510,669
P&B Property Development Ltd
Notes to the Accounts
for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
30,093
Trade creditors
202,145
185,618
Taxes and social security
562
290
Loans from directors
76,080
45,986
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
316,000
316,000
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Average number of employees
During the year the average number of employees was 0 (2023: 0).