P & K Properties (UK) Ltd - Accounts to registrar (filleted) - small 18.2

P & K Properties (UK) Ltd

Unaudited Financial Statements for the Year Ended 31 March 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Mudd

Mrs K A Mudd

SECRETARY:

Mrs K A Mudd

REGISTERED OFFICE:

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

REGISTERED NUMBER:

03946112 (England and Wales)

ACCOUNTANTS:

MATTHEWS SUTTON & CO LTD

Chartered Certified Accountants

48 - 52 Penny Lane

Mossley Hill

Liverpool

L18 1DG

FIXED ASSETS

Investment property

4

1,650,000

1,650,000

CURRENT ASSETS

Cash at bank

104,932

111,483

CREDITORS

Amounts falling due within one year

5

312,622

326,255

NET CURRENT LIABILITIES

(207,690

)

(214,772

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,442,310

1,435,228

CREDITORS

Amounts falling due after more than one year

6

(432,559

)

(478,594

)

PROVISIONS FOR LIABILITIES

(201,147

)

(201,147

)

NET ASSETS

808,604

755,487

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

7

804,589

804,589

Retained earnings

3,915

(49,202

)

SHAREHOLDERS' FUNDS

808,604

755,487

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 16 December 2021 and were signed on its behalf by:

P Mudd - Director

1.	STATUTORY INFORMATION

P & K Properties (UK) 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.

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.

Turnover

Turnover represents rent receivable.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2020

and 31 March 2021

1,650,000

NET BOOK VALUE

At 31 March 2021

1,650,000

At 31 March 2020

1,650,000

Investment properties were valued using market data by the director on 31st March 2020.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

43,750

41,466

Payments on account

252,768

252,767

Taxation and social security

11,746

4,930

Other creditors

4,358

27,092

312,622

326,255

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

432,559

478,594

Included in creditors: amount due after more than one year, is £257,557 which is due after 5 years.

7.

RESERVES

Fair

value

reserve

£

At 1 April 2020

and 31 March 2021

804,589

8.	ULTIMATE CONTROLLING PARTY

By virtue of the share ownership split of the company, it is the opinion of the directors that there is no ultimate controlling party.