3 LITTLE PIGS PROPERTY LTD

3 LITTLE PIGS PROPERTY LTD - Company Information

2022-12-012023-11-302023-11-30false116872073 LITTLE PIGS PROPERTY LTD2024-04-2368209iso4217:GBPxbrli:pure116872072022-12-01116872072023-11-30116872072022-12-012023-11-30116872072021-12-01116872072022-11-30116872072021-12-012022-11-3011687207bus:SmallEntities2022-12-012023-11-3011687207bus:AuditExempt-NoAccountantsReport2022-12-012023-11-3011687207bus:FullAccounts2022-12-012023-11-3011687207bus:PrivateLimitedCompanyLtd2022-12-012023-11-3011687207core:WithinOneYear2023-11-3011687207core:AfterOneYear2023-11-3011687207core:WithinOneYear2022-11-3011687207core:AfterOneYear2022-11-3011687207core:ShareCapital2023-11-3011687207core:SharePremium2023-11-3011687207core:RevaluationReserve2023-11-3011687207core:OtherReservesSubtotal2023-11-3011687207core:RetainedEarningsAccumulatedLosses2023-11-3011687207core:ShareCapital2022-11-3011687207core:SharePremium2022-11-3011687207core:RevaluationReserve2022-11-3011687207core:OtherReservesSubtotal2022-11-3011687207core:RetainedEarningsAccumulatedLosses2022-11-3011687207core:LandBuildings2023-11-3011687207core:PlantMachinery2023-11-3011687207core:Vehicles2023-11-3011687207core:FurnitureFittings2023-11-3011687207core:OfficeEquipment2023-11-3011687207core:NetGoodwill2023-11-3011687207core:IntangibleAssetsOtherThanGoodwill2023-11-3011687207core:ListedExchangeTraded2023-11-3011687207core:UnlistedNon-exchangeTraded2023-11-3011687207core:LandBuildings2022-11-3011687207core:PlantMachinery2022-11-3011687207core:Vehicles2022-11-3011687207core:FurnitureFittings2022-11-3011687207core:OfficeEquipment2022-11-3011687207core:NetGoodwill2022-11-3011687207core:IntangibleAssetsOtherThanGoodwill2022-11-3011687207core:ListedExchangeTraded2022-11-3011687207core:UnlistedNon-exchangeTraded2022-11-3011687207core:LandBuildings2022-12-012023-11-3011687207core:PlantMachinery2022-12-012023-11-3011687207core:Vehicles2022-12-012023-11-3011687207core:FurnitureFittings2022-12-012023-11-3011687207core:OfficeEquipment2022-12-012023-11-3011687207core:NetGoodwill2022-12-012023-11-3011687207core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3011687207core:ListedExchangeTraded2022-12-012023-11-3011687207core:UnlistedNon-exchangeTraded2022-12-012023-11-3011687207core:MoreThanFiveYears2022-12-012023-11-3011687207core:Non-currentFinancialInstruments2023-11-3011687207core:Non-currentFinancialInstruments2022-11-3011687207dpl:CostSales2022-12-012023-11-3011687207dpl:DistributionCosts2022-12-012023-11-3011687207core:LandBuildings2022-12-012023-11-3011687207core:PlantMachinery2022-12-012023-11-3011687207core:Vehicles2022-12-012023-11-3011687207core:FurnitureFittings2022-12-012023-11-3011687207core:OfficeEquipment2022-12-012023-11-3011687207dpl:AdministrativeExpenses2022-12-012023-11-3011687207core:NetGoodwill2022-12-012023-11-3011687207core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3011687207dpl:GroupUndertakings2022-12-012023-11-3011687207dpl:ParticipatingInterests2022-12-012023-11-3011687207dpl:GroupUndertakingscore:ListedExchangeTraded2022-12-012023-11-3011687207core:ListedExchangeTraded2022-12-012023-11-3011687207dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-12-012023-11-3011687207core:UnlistedNon-exchangeTraded2022-12-012023-11-3011687207dpl:CostSales2021-12-012022-11-3011687207dpl:DistributionCosts2021-12-012022-11-3011687207core:LandBuildings2021-12-012022-11-3011687207core:PlantMachinery2021-12-012022-11-3011687207core:Vehicles2021-12-012022-11-3011687207core:FurnitureFittings2021-12-012022-11-3011687207core:OfficeEquipment2021-12-012022-11-3011687207dpl:AdministrativeExpenses2021-12-012022-11-3011687207core:NetGoodwill2021-12-012022-11-3011687207core:IntangibleAssetsOtherThanGoodwill2021-12-012022-11-3011687207dpl:GroupUndertakings2021-12-012022-11-3011687207dpl:ParticipatingInterests2021-12-012022-11-3011687207dpl:GroupUndertakingscore:ListedExchangeTraded2021-12-012022-11-3011687207core:ListedExchangeTraded2021-12-012022-11-3011687207dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-12-012022-11-3011687207core:UnlistedNon-exchangeTraded2021-12-012022-11-3011687207core:NetGoodwill2023-11-3011687207core:IntangibleAssetsOtherThanGoodwill2023-11-3011687207core:LandBuildings2023-11-3011687207core:PlantMachinery2023-11-3011687207core:Vehicles2023-11-3011687207core:FurnitureFittings2023-11-3011687207core:OfficeEquipment2023-11-3011687207core:AfterOneYear2023-11-3011687207core:WithinOneYear2023-11-3011687207core:ListedExchangeTraded2023-11-3011687207core:UnlistedNon-exchangeTraded2023-11-3011687207core:ShareCapital2023-11-3011687207core:SharePremium2023-11-3011687207core:RevaluationReserve2023-11-3011687207core:OtherReservesSubtotal2023-11-3011687207core:RetainedEarningsAccumulatedLosses2023-11-3011687207core:NetGoodwill2022-11-3011687207core:IntangibleAssetsOtherThanGoodwill2022-11-3011687207core:LandBuildings2022-11-3011687207core:PlantMachinery2022-11-3011687207core:Vehicles2022-11-3011687207core:FurnitureFittings2022-11-3011687207core:OfficeEquipment2022-11-3011687207core:AfterOneYear2022-11-3011687207core:WithinOneYear2022-11-3011687207core:ListedExc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Registered Number
11687207
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

3 LITTLE PIGS PROPERTY LTD

Company Information
for the year from 1 December 2022 to 30 November 2023


Director	D Riley


Registered Address	5 West Towers Mews
	Marple
	Stockport
	SK6 7GR


Registered Number	11687207 (England and Wales)

3 LITTLE PIGS PROPERTY LTD

Balance Sheet as at
30 November 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	3		47		187
Investment property	4		100,000		100,000
			100,047		100,187
Current assets
Cash at bank and on hand		4,186		4,336
		4,186		4,336
Creditors amounts falling due within one year	5	(34,517)		(33,686)
Net current assets (liabilities)			(30,331)		(29,350)
Total assets less current liabilities			69,716		70,837
Creditors amounts falling due after one year	6		(50,295)		(50,295)
Provisions for liabilities	7		(2,859)		(3,466)
Net assets			16,562		17,076
Capital and reserves
Called up share capital			100		100
Revaluation reserve			15,000		-
Profit and loss account			1,462		16,976
Shareholders' funds			16,562		17,076

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 23 April 2024, and are signed on its behalf by:

D Riley
Director
Registered Company No. 11687207

3 LITTLE PIGS PROPERTY LTD

Notes to the Financial Statements
for the year ended 30 November 2023

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Judgements and key sources of estimation uncertainty
	The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	5.33

	Investment property
	Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in the fair value are recognised in profit or loss.

2.	Average number of employees


		2023		2022
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 December 22	749	749
At 30 November 23	749	749
Depreciation and impairment
At 01 December 22	562	562
Charge for year	140	140
At 30 November 23	702	702
Net book value
At 30 November 23	47	47
At 30 November 22	187	187

4.	Investment property


		£
	Fair value at 01 December 22	100,000
	At 30 November 23	100,000

5.	Creditors: amounts due within one year

	2023	2022
	£	£
Taxation and social security	591	116
Other creditors	33,926	33,570
Total	34,517	33,686


	Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

6.	Creditors: amounts due after one year

	2023	2022
	£	£
Bank borrowings and overdrafts	50,295	50,295
Total	50,295	50,295

7.	Provisions for liabilities
	Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of going the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the company becomes aware of the obligation and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of going the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the company becomes aware of the obligation and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

	2023	2022
	£	£
Net deferred tax liability (asset)	2,859	3,466
Total	2,859	3,466