Pfb Property Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11201615 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

PFB PROPERTY INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P F W Berry

Mrs B M Berry

REGISTERED OFFICE:

Unit 2.02

High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

REGISTERED NUMBER:

11201615 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02

High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

FIXED ASSETS

Tangible assets

4

15,637

Investment property

5

654,579

670,216

CURRENT ASSETS

Cash at bank and in hand

419

CREDITORS

Amounts falling due within one year

6

186,448

NET CURRENT LIABILITIES

(186,029

)

TOTAL ASSETS LESS CURRENT LIABILITIES

484,187

CREDITORS

Amounts falling due after more than one year

7

(383,889

)

PROVISIONS FOR LIABILITIES

(23,236

)

NET ASSETS

77,062

CAPITAL AND RESERVES

Called up share capital

1

Special reserve

8

99,060

Retained earnings

(21,999

)

SHAREHOLDERS' FUNDS

77,062

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 11 January 2021 and were signed on its behalf by:

Mr P F W Berry - Director

1.	STATUTORY INFORMATION

PFB Property Investments 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 as modified by the revaluation of certain assets.

TANGIBLE FIXED ASSETS

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

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

Additions

18,396

At 31 March 2020

18,396

Depreciation

Charge for year

2,759

At 31 March 2020

2,759

Net book value

At 31 March 2020

15,637

5.	INVESTMENT PROPERTY

Total

£

Fair value

Additions

532,283

Revaluations

122,296

At 31 March 2020

654,579

Net book value

At 31 March 2020

654,579

Fair value at 31 March 2020 is represented by:

£

Valuation in 2020

654,579

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

15,208

Amounts owed to group undertakings

13,800

Other creditors

157,440

186,448

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

383,889

8.

RESERVES

Special

reserve

£

Special Reserve

99,060

At 31 March 2020

99,060