PIP Property Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00623512 (England and Wales)

Abridged Unaudited Financial Statements for the Year Ended 31st March 2020

for

PIP Property Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr C D Wing

REGISTERED OFFICE:

134 Percival Rd

Enfield

Middlesex

EN1 1QU

REGISTERED NUMBER:

00623512 (England and Wales)

ACCOUNTANTS:

Lincoln Brown & Co Limited

Chartered Certified Accountants

Grenville House

4 Grenville Avenue

Broxbourne

Hertfordshire

EN10 7DH

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006,

the company is only required to file a Balance Sheet. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Director are not required

to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of PIP Property Limited for the year ended 31st March 2020 which

comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of PIP Property Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PIP Property Limited and state those matters that we have agreed to state to the director of PIP Property Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that PIP Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PIP Property Limited. You consider that PIP Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PIP Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Lincoln Brown & Co Limited

Chartered Certified Accountants

Grenville House

4 Grenville Avenue

Broxbourne

Hertfordshire

EN10 7DH

15th July 2020

FIXED ASSETS

Tangible assets

4

25,805

CURRENT ASSETS

Debtors

5,484

8,762

Investments

1

Cash at bank

50

5,535

8,813

CREDITORS

Amounts falling due within one year

2,358

2,690

NET CURRENT ASSETS

3,177

6,123

TOTAL ASSETS LESS CURRENT
LIABILITIES

28,982

31,928

CAPITAL AND RESERVES

Called up share capital

4,500

Share premium

5,553

Retained earnings

18,929

21,875

28,982

31,928

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2020 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 15th July 2020
and were signed by:

Mr C D Wing - Director

1.	STATUTORY INFORMATION

PIP Property 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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have

been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred tax is

measured using tax rates and laws that have been enacted or substantively enacted by the year

end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2019

and 31st March 2020

25,805

NET BOOK VALUE

At 31st March 2020

25,805

At 31st March 2019

25,805

PIP Property Limited - Accounts to registrar (filleted) - small 18.2

PIP Property Limited - Accounts to registrar (filleted) - small 18.2