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Company Registration No. 09154111 (England and Wales)
P & L Property Development Ltd Unaudited accounts for the year ended 31 January 2026
P & L 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 & L Property Development Ltd Company Information for the year ended 31 January 2026
Directors
P COLLINSON L COLLINSON
Company Number
09154111 (England and Wales)
Registered Office
12 NEVILLE CLOSE EVENWOOD COUNTY DURHAM DL14 9SQ UNITED KINGDOM
Accountants
LP Accountants Ltd Unit E Colima Avenue Sunderland Tyne & Wear SR5 3XB
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P & L Property Development Ltd Statement of financial position as at 31 January 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
735
428
Current assets
Inventories
177,502
177,502
Debtors
5
186
228
Cash at bank and in hand
5,156
7,044
182,844
184,774
Creditors: amounts falling due within one year
6
(134,125)
(147,200)
Net current assets
48,719
37,574
Net assets
49,454
38,002
Capital and reserves
Called up share capital
7
2
2
Profit and loss account
49,452
38,000
Shareholders' funds
49,454
38,002
For the year ending 31 January 2026 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 directors acknowledge their 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 of Directors and authorised for issue on 22 June 2026 and were signed on its behalf by
L COLLINSON Director Company Registration No. 09154111
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P & L Property Development Ltd Notes to the Accounts for the year ended 31 January 2026
1
Statutory information
P & L Property Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 09154111. The registered office is 12 NEVILLE CLOSE, EVENWOOD, COUNTY DURHAM, DL14 9SQ, UNITED KINGDOM.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Computer equipment
33% straight line
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 February 2025
1,965
Additions
773
At 31 January 2026
2,738
Depreciation
At 1 February 2025
1,537
Charge for the year
466
At 31 January 2026
2,003
Net book value
At 31 January 2026
735
At 31 January 2025
428
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P & L Property Development Ltd Notes to the Accounts for the year ended 31 January 2026
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Accrued income and prepayments
186
228
6
Creditors: amounts falling due within one year
2026
2025
£
£
Taxes and social security
2,849
3,165
Other creditors
925
-
Loans from directors
129,391
143,075
Accruals
960
960
134,125
147,200
7
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 0 (2025: 0).
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