Company Registration No. 05062324 (England and Wales)
Paul Massey Properties Ltd
Unaudited accounts
for the year ended 31 March 2022
Paul Massey Properties Ltd
Unaudited accounts
Contents
Paul Massey Properties Ltd
Company Information
for the year ended 31 March 2022
Company Number
05062324 (England and Wales)
Registered Office
Unit 10, Highpoint Business Village
Henwood
Ashford
Kent
TN24 8DH
UK
Accountants
Capsa Accounting Ltd
2 The Moorings
Conyer
Sittingbourne
Kent
ME9 9HQ
Paul Massey Properties Ltd
Statement of financial position
as at 31 March 2022
Tangible assets
59,500
68,000
Cash at bank and in hand
2,214
607
Creditors: amounts falling due within one year
(59,968)
(68,560)
Net current liabilities
(57,754)
(67,953)
Called up share capital
1
1
Profit and loss account
1,745
46
Shareholders' funds
1,746
47
For the year ending 31 March 2022 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 31 May 2022 and were signed on its behalf by
Paul Massey
Director
Company Registration No. 05062324
Paul Massey Properties Ltd
Notes to the Accounts
for the year ended 31 March 2022
Paul Massey Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 05062324. The registered office is Unit 10, Highpoint Business Village, Henwood, Ashford, Kent, TN24 8DH, UK.
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 the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
4% straight line
4
Tangible fixed assets
Land & buildings
Paul Massey Properties Ltd
Notes to the Accounts
for the year ended 31 March 2022
5
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
6,067
4,560
Loans from directors
53,901
64,000
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Transactions with related parties
Rent for use of the property by Paul Massey Associates Ltd at £23000 (2021: £20000), a company 100% owned by Paul Massey.
Paul Massey is the sole director and 100% shareholder.
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).
