PWA_Property_Investments_Ltd_31_Dec_2020_companies_house_set_of_accounts.html
PWA_Property_Investments_Ltd_31_Dec_2020_companies_house_set_of_accounts.html
Company registration number:
Statement of Financial Position
| 2020 | 2019 | ||||
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| Note | £ | £ | |||
| Fixed assets | |||||
| Investments | 5 |
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| Current assets | |||||
| Debtors | 6 |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year | 7 |
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) | - | |
| Net current assets |
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| Total assets less current liabilities | 4,368,486 | 3,197,385 | |||
| Capital and reserves | |||||
| Called up share capital |
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| Share premium |
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| Profit and loss account |
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| Shareholders funds |
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For the year ending 31 December 2020 , the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These 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.
These financial statements were approved by the board of directors and authorised for issue on 15 June 2021 , and are signed on behalf of the board by:
| Director |
Company registration number:
NI627038
Notes to the Financial Statements
Year ended 31 December 2020
1 General information
The company is a private company limited by shares and is registered in Northern Ireland. The address of the registered office is Upper Floors , 336 Lisburn Rd , Belfast , BT9 6GH , United Kingdom.
2 Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.
3 Accounting policies
Current tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Fixed asset investments
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4 Average number of employees
The average number of persons employed by the company during the year was 1 (2019: 1.00 ).
5 Investments
| Shares in group undertakings and participating interests | ||
|---|---|---|
| £ | ||
| Cost | ||
| At |
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| At |
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| Impairment | ||
| At |
- | |
| Carrying amount | ||
| At |
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| At 31 December 2019 |
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Shares in group undertakings and participating interests comprise a holding of 33,333 ordinary shares in DPAM Properties Ltd (NI610469).
6 Debtors
| 2020 | 2019 | |||
|---|---|---|---|---|
| £ | £ | |||
| Other debtors |
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7 Creditors: amounts falling due within one year
| 2020 | 2019 | |||
|---|---|---|---|---|
| £ | £ | |||
| Taxation and social security |
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- | ||
8 Controlling party
The ultimate controlling party is Mr Philip Agnew