Pound Properties Ltd - Accounts to registrar (filleted) - small 23.1.2
Pound Properties Ltd - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2022 |
| FOR |
| POUND PROPERTIES LTD |
| POUND PROPERTIES LTD (REGISTERED NUMBER: 07305775) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31st July 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| POUND PROPERTIES LTD |
| COMPANY INFORMATION |
| for the Year Ended 31st July 2022 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 4 Clews Road |
| Redditch |
| Worcestershire |
| B98 7ST |
| POUND PROPERTIES LTD (REGISTERED NUMBER: 07305775) |
| BALANCE SHEET |
| 31st July 2022 |
| 31/7/22 | 31/7/21 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Fair value reserve | 9 |
| Retained earnings | 9 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| POUND PROPERTIES LTD (REGISTERED NUMBER: 07305775) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31st July 2022 |
| 1. | STATUTORY INFORMATION |
| Pound Properties Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced sales of services. |
| Tangible fixed assets |
| Land and buildings | - |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| POUND PROPERTIES LTD (REGISTERED NUMBER: 07305775) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31st July 2022 |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold |
| property |
| £ |
| COST OR VALUATION |
| At 1st August 2021 |
| and 31st July 2022 |
| NET BOOK VALUE |
| At 31st July 2022 |
| At 31st July 2021 |
| Cost or valuation at 31st July 2022 is represented by: |
| Freehold |
| property |
| £ |
| Valuation in 2021 | 245,000 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/7/22 | 31/7/21 |
| £ | £ |
| Bank loans and overdrafts (see note 6) |
| Directors' loan accounts | 219,811 | 219,138 |
| Accrued expenses |
| 6. | LOANS |
| An analysis of the maturity of loans is given below: |
| 31/7/22 | 31/7/21 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank loans |
| 7. | PROVISIONS FOR LIABILITIES |
| 31/7/22 | 31/7/21 |
| £ | £ |
| Deferred tax |
| Tax losses carried forward | ( |
) | ( |
) |
| Other timing differences | 6,144 | 6,144 |
| 420 | 339 |
| POUND PROPERTIES LTD (REGISTERED NUMBER: 07305775) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31st July 2022 |
| 7. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 1st August 2021 |
| Charge to Income Statement during year |
| Revaluation Reserve |
| Balance at 31st July 2022 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31/7/22 | 31/7/21 |
| value: | £ | £ |
| Ordinary | 1 | 100 | 100 |
| 9. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1st August 2021 | ( |
) | 993 |
| Profit for the year |
| At 31st July 2022 | ( |
) | 1,340 |
| 10. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |