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REGISTERED NUMBER: 07141839 (England and Wales)















PROPERTY REGULATIONS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023






PROPERTY REGULATIONS LIMITED (REGISTERED NUMBER: 07141839)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PROPERTY REGULATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTORS: J Pinn
L A Loat





REGISTERED OFFICE: 51 St Agatha Road
Heath
Cardiff
CF14 4EA





REGISTERED NUMBER: 07141839 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

PROPERTY REGULATIONS LIMITED (REGISTERED NUMBER: 07141839)

STATEMENT OF FINANCIAL POSITION
28TH FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 381 509
381 509

CURRENT ASSETS
Debtors 6 1,001,578 399,094
Cash at bank 1,502 20,840
1,003,080 419,934
CREDITORS
Amounts falling due within one year 7 250,000 61,949
NET CURRENT ASSETS 753,080 357,985
TOTAL ASSETS LESS CURRENT LIABILITIES 753,461 358,494

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 753,361 358,394
SHAREHOLDERS' FUNDS 753,461 358,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 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.

PROPERTY REGULATIONS LIMITED (REGISTERED NUMBER: 07141839)

STATEMENT OF FINANCIAL POSITION - continued
28TH FEBRUARY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th October 2023 and were signed on its behalf by:





J Pinn - Director


PROPERTY REGULATIONS LIMITED (REGISTERED NUMBER: 07141839)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023


1. STATUTORY INFORMATION

Property Regulations 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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Equipment - 25% Reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

PROPERTY REGULATIONS LIMITED (REGISTERED NUMBER: 07141839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2022
and 28th February 2023 10,000
AMORTISATION
At 1st March 2022
and 28th February 2023 10,000
NET BOOK VALUE
At 28th February 2023 -
At 28th February 2022 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st March 2022
and 28th February 2023 2,380
DEPRECIATION
At 1st March 2022 1,871
Charge for year 128
At 28th February 2023 1,999
NET BOOK VALUE
At 28th February 2023 381
At 28th February 2022 509

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 602,400 -
Other debtors 399,178 399,094
1,001,578 399,094

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 188,708 -
Other creditors 61,292 61,949
250,000 61,949

PROPERTY REGULATIONS LIMITED (REGISTERED NUMBER: 07141839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares 1 100 100

9. RELATED PARTY DISCLOSURES

As at the year end Property Regulations Limited owed £16,035 (2022 - £20,035) to a company in which the directors have a controlling interest.

As at the year end Property Regulations Limited was owed £287,178 (2022 - £287,063) by a company in which the directors have a controlling interest.