PE & EE Property Limited - Accounts to registrar (filleted) - small 18.2

PE & EE Property Limited - Accounts to registrar (filleted) - small 18.2

PE & EE PROPERTY LIMITED - Company Information

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IRIS Accounts Production v20.3.0.228 09427495 director 1.3.19 29.2.20 29.2.20 0 0 false true false false true false Fair value model Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure094274952019-02-28094274952020-02-29094274952019-03-012020-02-29094274952018-02-28094274952018-03-012019-02-28094274952019-02-2809427495ns16:EnglandWales2019-03-012020-02-2909427495ns15:PoundSterling2019-03-012020-02-2909427495ns11:Director12019-03-012020-02-2909427495ns11:PrivateLimitedCompanyLtd2019-03-012020-02-2909427495ns11:SmallEntities2019-03-012020-02-2909427495ns11:AuditExempt-NoAccountantsReport2019-03-012020-02-2909427495ns11:SmallCompaniesRegimeForDirectorsReport2019-03-012020-02-2909427495ns11:SmallCompaniesRegimeForAccounts2019-03-012020-02-2909427495ns11:FullAccounts2019-03-012020-02-2909427495ns11:OrdinaryShareClass12019-03-012020-02-2909427495ns11:CompanySecretary12019-03-012020-02-2909427495ns11:RegisteredOffice2019-03-012020-02-2909427495ns6:CurrentFinancialInstruments2020-02-2909427495ns6:CurrentFinancialInstruments2019-02-2809427495ns6:Non-currentFinancialInstruments2020-02-2909427495ns6:Non-currentFinancialInstruments2019-02-2809427495ns6:ShareCapital2020-02-2909427495ns6:ShareCapital2019-02-2809427495ns6:RetainedEarningsAccumulatedLosses2020-02-2909427495ns6:RetainedEarningsAccumulatedLosses2019-02-2809427495ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-02-2909427495ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-02-2809427495ns11:OrdinaryShareClass12020-02-29
REGISTERED NUMBER: 09427495 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2020

FOR

PE & EE PROPERTY LIMITED
PE & EE PROPERTY LIMITED (REGISTERED NUMBER: 09427495)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2020










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PE & EE PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2020







DIRECTOR: Mr P C Etty





SECRETARY: Mr P C Etty





REGISTERED OFFICE: Fifth Floor,
11 Leadenhall Street,
London
EC3V 1LP





REGISTERED NUMBER: 09427495 (England and Wales)





ACCOUNTANTS: Acuity Professional Ltd
Business Advisers and Accountants
Fifth Floor
11 Leadenhall Street
London
EC3V 1LP
Page 1
PE & EE PROPERTY LIMITED (REGISTERED NUMBER: 09427495)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 900,089 900,089

CURRENT ASSETS
Debtors 5 5,140 197,917
Cash at bank 169,685 36,285
174,825 234,202
CREDITORS
Amounts falling due within one year 6 431,272 442,954
NET CURRENT LIABILITIES (256,447 ) (208,752 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
643,642
691,337

CREDITORS
Amounts falling due after more than one year 7 553,521 579,304
NET ASSETS 90,121 112,033

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 90,119 112,031
SHAREHOLDERS' FUNDS 90,121 112,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 notes form part of these financial statements

Page 2 continued...
PE & EE PROPERTY LIMITED (REGISTERED NUMBER: 09427495)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2020 and were signed by:





Mr P C Etty - Director


The notes form part of these financial statements

Page 3
PE & EE PROPERTY LIMITED (REGISTERED NUMBER: 09427495)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2020


1. STATUTORY INFORMATION

PE & EE 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The preparation of financial statements in conformity with FRS 102 section 1A requires the use of certain critical accounting estimates. lt also requires management to exercise judgement in applying the company's accounting policies.

Information on the impact of first-time adoption of FRS 102 section 1A is given in note 8. The following principal accounting policies have been applied:

SIGNIFICANT JUDGEMENTS AND ESTIMATES
In preparing the financial statements, management were not required to make any estimates or judgements which materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities.

TURNOVER
Turnover represents the amount invoiced in respect of sale of properties.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Page 4 continued...
PE & EE PROPERTY LIMITED (REGISTERED NUMBER: 09427495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2020


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognized in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities are initially recognized at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 March 2019
and 29 February 2020 900,089
Net book value
At 29 February 2020 900,089
At 28 February 2019 900,089

Page 5 continued...
PE & EE PROPERTY LIMITED (REGISTERED NUMBER: 09427495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2020


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 5,140 197,917

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 45,000 45,000
Amounts owed to group undertakings 260,273 260,273
Taxation and social security - 11,683
Other creditors 125,999 125,998
431,272 442,954

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2020 2019
£    £   
Bank loans 553,521 579,304

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 373,521 399,304

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
2 Ordinary Shares £1 2 2

Page 6