REGISTERED NUMBER: |
Properties By Pippa Limited |
Unaudited Financial Statements for the Year Ended 31 August 2022 |
REGISTERED NUMBER: |
Properties By Pippa Limited |
Unaudited Financial Statements for the Year Ended 31 August 2022 |
Properties By Pippa Limited (Registered number: 10912744) |
Contents of the Financial Statements |
for the Year Ended 31 August 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Properties By Pippa Limited |
Company Information |
for the Year Ended 31 August 2022 |
Director: |
Registered office: |
Registered number: |
Accountants: |
7 Neptune Court |
Vanguard Way |
Cardiff |
CF24 5PJ |
Properties By Pippa Limited (Registered number: 10912744) |
Balance Sheet |
31 August 2022 |
2022 | 2021 |
Notes | £ | £ |
Fixed assets |
Investment property | 4 |
Current assets |
Cash at bank |
Creditors |
Amounts falling due within one year | 5 | ( |
) |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year | 6 | ( |
) | ( |
) |
Net assets/(liabilities) | ( |
) |
Capital and reserves |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
The director acknowledges her 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 |
Properties By Pippa Limited (Registered number: 10912744) |
Notes to the Financial Statements |
for the Year Ended 31 August 2022 |
1. | Statutory information |
Properties By Pippa Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
Going Concern |
The company's balance sheet at 31 August 2022 shows that liabilities exceed assets by £409. The director has made arrangements so that the company is able to meet its liabilities on a day to day basis. Therefore, the director believes it is appropriate to prepare the financial statements on a going concern basis. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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. |
Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preferencce and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. |
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 |
Properties By Pippa Limited (Registered number: 10912744) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2022 |
4. | Investment property |
Total |
£ |
Fair value |
At 1 September 2021 |
and 31 August 2022 |
Net book value |
At 31 August 2022 |
At 31 August 2021 |
5. | Creditors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Accrued expenses |
6. | Creditors: amounts falling due after more than one year |
2022 | 2021 |
£ | £ |
Bank loans |
Directors' loan accounts | 38,219 | 23,658 |
7. | Secured debts |
The following secured debts are included within creditors: |
2022 | 2021 |
£ | £ |
Bank loans |
The loan from the company bankers is secured by means of a charge over the property owned by the company. |
8. | Director's advances, credits and guarantees |
The following advances and credits to a a director subsisted during the years ended 31 August 2022 and 31 August 2021: |
2022 | 2021 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
As at 31 August 2022 an amount of £38,219 (2021: £23,658) is due to the director. The amounts are presented within creditors falling due after more than one year. The balance is not internal bearing. |