Company Registration No. 4047811 (England and Wales)
PROPERTY DEVELOPMENT SERVICES (UK) LIMITED
Unaudited accounts
for the year ended 31 October 2019
PROPERTY DEVELOPMENT SERVICES (UK) LIMITED
Unaudited accounts
Contents
PROPERTY DEVELOPMENT SERVICES (UK) LIMITED
Company Information
for the year ended 31 October 2019
Company Number
4047811 (England and Wales)
Registered Office
34 Upper Tything
WORCESTER
WR1 1JZ
Accountants
Mayfield
5 Highgate Business Centre
Highgate Road
Birmingham
B12 8EA
PROPERTY DEVELOPMENT SERVICES (UK) LIMITED
Statement of financial position
as at 31 October 2019
Investment property
2,270,000
2,270,000
Cash at bank and in hand
30,355
41,661
Creditors: amounts falling due within one year
(28,815)
(77,198)
Net current assets/(liabilities)
10,514
(25,499)
Total assets less current liabilities
2,280,703
2,244,731
Creditors: amounts falling due after more than one year
(1,268,047)
(1,281,948)
Provisions for liabilities
Deferred tax
(103,588)
(103,638)
Net assets
909,068
859,145
Called up share capital
100
100
Profit and loss account
908,968
859,045
Shareholders' funds
909,068
859,145
For the year ending 31 October 2019 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 11 August 2020 and were signed on its behalf by
Mohammed Manir
Director
Company Registration No. 4047811
PROPERTY DEVELOPMENT SERVICES (UK) LIMITED
Notes to the Accounts
for the year ended 31 October 2019
PROPERTY DEVELOPMENT SERVICES (UK) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 4047811. The registered office is 34 Upper Tything, WORCESTER, WR1 1JZ.
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.
Turnover represents total invoiced for renting out own property & contracting work, excluding value added tax (where appropriate).
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
At 18% Reducing Balance Basis
Property Stock (Inventory) has been reclassified as Investment Property.
PROPERTY DEVELOPMENT SERVICES (UK) LIMITED
Notes to the Accounts
for the year ended 31 October 2019
4
Tangible fixed assets
Plant & machinery
Fair value at 1 November 2018
2,270,000
At 31 October 2019
2,270,000
Trade debtors
2,428
10,038
7
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
28,786
48,645
8
Creditors: amounts falling due after more than one year
2019
2018
Bank loans
898,506
940,316
Other creditors
369,541
341,632
9
Deferred taxation
2019
2018
Accelerated capital allowances
103,588
103,638
PROPERTY DEVELOPMENT SERVICES (UK) LIMITED
Notes to the Accounts
for the year ended 31 October 2019
Provision at start of year
103,638
103,651
Credited to the profit and loss account
(50)
(13)
Provision at end of year
103,588
103,638
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Average number of employees
During the year the average number of employees was 1 (2018: 4).
