Pillar Property Partners Ltd - Accounts to registrar (filleted) - small 18.2

Pillar Property Partners Ltd - Accounts to registrar (filleted) - small 18.2

PILLAR PROPERTY PARTNERS LTD - Company Information

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REGISTERED NUMBER: 12391573 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 January 2022

for

Pillar Property Partners Ltd
Pillar Property Partners Ltd (Registered number: 12391573)

Contents of the Financial Statements
For The Year Ended 31 January 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pillar Property Partners Ltd

Company Information
For The Year Ended 31 January 2022







DIRECTORS: Mr K Edwards
Mr P J Veness





SECRETARY: Mr K Edwards





REGISTERED OFFICE: 88 Mendip Avenue
Eastbourne
Sussex
BN23 8ER





REGISTERED NUMBER: 12391573 (England and Wales)





ACCOUNTANTS: Ashwells Associates Limited
Chartered Certified Accountants
54a Church Road
Ashford
Middlesex
TW15 2TS
Page 1
Pillar Property Partners Ltd (Registered number: 12391573)

Balance Sheet
31 January 2022

31/1/22 31/1/21
Notes £    £   
CURRENT ASSETS
Stocks 457,376 -
Cash at bank and in hand 1,873 81,500
459,249 81,500
CREDITORS
Amounts falling due within one year 4 117,356 31,193
NET CURRENT ASSETS 341,893 50,307
TOTAL ASSETS LESS CURRENT
LIABILITIES
341,893
50,307

CREDITORS
Amounts falling due after more than one
year
5
351,584
50,000
NET (LIABILITIES)/ASSETS (9,691 ) 307

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (10,691 ) (693 )
(9,691 ) 307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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 notes form part of these financial statements

Page 2 continued...
Pillar Property Partners Ltd (Registered number: 12391573)

Balance Sheet - continued
31 January 2022


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 23 June 2022 and were signed on its behalf by:




Mr K Edwards - Director



Mr P J Veness - Director


The notes form part of these financial statements

Page 3
Pillar Property Partners Ltd (Registered number: 12391573)

Notes to the Financial Statements
For The Year Ended 31 January 2022


1. STATUTORY INFORMATION

Pillar Property Partners Ltd 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
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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, shortterm deposits with an original maturity date of one month. Cash equivalents are defined as short-term,highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

Page 4 continued...
Pillar Property Partners Ltd (Registered number: 12391573)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2022


4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/22 31/1/21
£    £   
Other creditors 117,356 31,193

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/22 31/1/21
£    £   
Bank loans 334,953 50,000
Other creditors 16,631 -
351,584 50,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 287,999 -

6. SECURED DEBTS

The following secured debts are included within creditors:

31/1/22 31/1/21
£    £   
Other loans 287,999 -

The above loan is secured by way of a fixed and floating charge on the property 15 Quantock Close Eastbourne BN23 8EU United Kingdom, owned by the company.

Page 5