P L Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09310855 (England and Wales)

P L Properties Limited

Unaudited Financial Statements

for the year ended

30 November 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs L James

Mr P S James

REGISTERED OFFICE:

Brynford House

21 Brynford Street

Holywell

Flintshire

CH8 7RD

REGISTERED NUMBER:

09310855 (England and Wales)

ACCOUNTANTS:

Gardners Accountants Limited

Chartered Accountants

Brynford House

21 Brynford Street

Holywell

Flintshire

CH8 7RD

FIXED ASSETS

Tangible assets

4

788,040

788,040

CURRENT ASSETS

Cash at bank

25,360

17,585

CREDITORS

Amounts falling due within one year

5

551,062

552,488

NET CURRENT LIABILITIES

(525,702

)

(534,903

)

TOTAL ASSETS LESS CURRENT LIABILITIES

262,338

253,137

CREDITORS

Amounts falling due after more than one year

6

234,382

241,387

NET ASSETS

27,956

11,750

CAPITAL AND RESERVES

Called up share capital

7

120

100

Share premium

9,980

-

Retained earnings

17,856

11,650

SHAREHOLDERS' FUNDS

27,956

11,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 31 August 2018 and were signed on its behalf by:

Mrs L James - Director

Mr P S James - Director

1.	STATUTORY INFORMATION

P L Properties Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 NIL.

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 December 2016

and 30 November 2017

788,040

NET BOOK VALUE

At 30 November 2017

788,040

At 30 November 2016

788,040

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

16,171

16,171

Trade creditors

-

1

Taxation and social security

1,487

2,913

Other creditors

533,404

533,403

551,062

552,488

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

234,382

241,387

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

60

Ordinary

£1

60

60

40

Ordinary

£1

60

40

120

100

20 Ordinary shares of £1 each were allotted as fully paid at a premium of £499 per share during the year.

8.	FIRST YEAR ADOPTION

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and

have not impacted on equity or profit or loss.