Property Care London Limited 04895450 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of property maintenance. Digita Accounts Production Advanced 6.30.9574.0 true 04895450 2022-04-01 2023-03-31 04895450 2023-03-31 04895450 bus:OrdinaryShareClass1 2023-03-31 04895450 core:RetainedEarningsAccumulatedLosses 2023-03-31 04895450 core:ShareCapital 2023-03-31 04895450 core:CurrentFinancialInstruments 2023-03-31 04895450 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04895450 core:FurnitureFittingsToolsEquipment 2023-03-31 04895450 core:MotorVehicles 2023-03-31 04895450 bus:SmallEntities 2022-04-01 2023-03-31 04895450 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04895450 bus:FullAccounts 2022-04-01 2023-03-31 04895450 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04895450 bus:RegisteredOffice 2022-04-01 2023-03-31 04895450 bus:Director1 2022-04-01 2023-03-31 04895450 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 04895450 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04895450 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 04895450 core:MotorVehicles 2022-04-01 2023-03-31 04895450 core:PlantMachinery 2022-04-01 2023-03-31 04895450 countries:England 2022-04-01 2023-03-31 04895450 2022-03-31 04895450 core:FurnitureFittingsToolsEquipment 2022-03-31 04895450 core:MotorVehicles 2022-03-31 04895450 2021-04-01 2022-03-31 04895450 2022-03-31 04895450 bus:OrdinaryShareClass1 2022-03-31 04895450 core:RetainedEarningsAccumulatedLosses 2022-03-31 04895450 core:ShareCapital 2022-03-31 04895450 core:CurrentFinancialInstruments 2022-03-31 04895450 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 04895450 core:FurnitureFittingsToolsEquipment 2022-03-31 04895450 core:MotorVehicles 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04895450

Property Care London Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Property Care London Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Property Care London Limited

Company Information

Director

Mr S Pignone

Registered office

31 Folly Lane
Caddington
Luton
LU1 4AQ

 

Property Care London Limited

(Registration number: 04895450)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

6,912

9,215

Current assets

 

Debtors

5

275

8,545

Cash at bank and in hand

 

27,382

21,734

 

27,657

30,279

Creditors: Amounts falling due within one year

6

(32,151)

(37,892)

Net current liabilities

 

(4,494)

(7,613)

Net assets

 

2,418

1,602

Capital and reserves

 

Called up share capital

7

200

200

Retained earnings

2,218

1,402

Shareholder's funds

 

2,418

1,602

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The statement of income and the director's report are not delivered to the Registrar of Companies.

Approved and authorised by the director on 29 September 2023
 

.........................................

Mr S Pignone

Director

 

Property Care London Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital incorporated in England. The registered office address is shown on page 1.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A Small Entities and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of returns, rebates and discounts. Turnover is recognised by reference to the stage of completion of the service at the Balance Sheet date.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The company's liability for current tax is calculated using tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against suitable future taxable profits.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that they are expected to apply to the reversal of the timing difference.

Current and deferred tax assets and liabilities are not discounted.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, evenly over their estimated useful lives, as follows:

 

Property Care London Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Asset class

Depreciation rate and method

Furniture, fittings and equipment

25% reducing balance basis

Motor vehicles

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Dividends

Equity dividends are recognised when they become payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at the annual general meeting.

3

Employee information

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

Property Care London Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

3,824

11,714

15,538

At 31 March 2023

3,824

11,714

15,538

Depreciation

At 1 April 2022

3,394

2,929

6,323

Charge for the year

107

2,196

2,303

At 31 March 2023

3,501

5,125

8,626

Carrying amount

At 31 March 2023

323

6,589

6,912

At 31 March 2022

430

8,785

9,215

5

Debtors

Current

2023
£

2022
£

Trade debtors

275

8,545

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Director's current account

22,399

34,386

Other creditors

9,752

3,506

32,151

37,892

 

Property Care London Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary share capital of £1 each

200

200

200

200