| |
|
2025 |
|
2024 |
| |
|
£ |
£ |
|
£ |
£
(as restated) |
| Fixed assets |
|
|
360,425 |
|
|
360,797 |
| Current assets |
|
13,714 |
|
|
16,081 |
|
| Prepayments and accrued income |
|
1,465 |
|
|
937 |
|
| Creditors: amount falling due within one year |
|
(167,432) |
|
|
(178,457) |
|
|
Net current assets
|
|
|
(152,253)
|
|
|
(161,439)
|
|
Total assets less current liabilities
|
|
|
208,172 |
|
|
199,358 |
| Creditors: amount falling due after more than one year |
|
|
(234,411) |
|
|
(234,253) |
|
Net assets
|
|
|
(26,239) |
|
|
(34,895) |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
(26,239) |
|
|
(34,895) |
| |
NOTES TO THE ACCOUNTS
General Information
P & L ESTATES LTD is a private company, limited by shares, registered in England and Wales, registration number 10019416, registration address 29 CHANCERY LANE, ALSAGER , Stoke-on-Trent, ST7 2HE.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
20 Reducing Balance
|
| Fixtures and Fittings |
25 Reducing Balance
|
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties are measured initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
|
| 2. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Fixtures and Fittings |
|
Investment properties |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 28 February 2024 |
1,225 |
|
779 |
|
360,110 |
|
362,114 |
| Additions |
- |
|
- |
|
- |
|
- |
| Disposals |
- |
|
(779) |
|
- |
|
(779) |
| At 27 February 2025 |
1,225 |
|
- |
|
360,110 |
|
361,335 |
| Depreciation |
| At 28 February 2024 |
723 |
|
594 |
|
- |
|
1,317 |
| Charge for year |
125 |
|
19 |
|
- |
|
144 |
| On disposals |
- |
|
(551) |
|
- |
|
(551) |
| At 27 February 2025 |
848 |
|
62 |
|
- |
|
910 |
| Net book values |
| Closing balance as at 27 February 2025 |
377 |
|
(62) |
|
360,110 |
|
360,425 |
| Opening balance as at 28 February 2024 |
502 |
|
185 |
|
- |
|
687 |
|
| 3. |
Average number of employees
Average number of employees during the year was 0 (2024 : 0).
|
For the year ended 27 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 13 January 2026 and were signed on its behalf by: --------------------------------
Paul ALKINS
Director |
2
|