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REGISTERED NUMBER: 07509313 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Invest Property Maintenance Ltd

Invest Property Maintenance Ltd (Registered number: 07509313)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Statement of Income and Retained Earnings 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Invest Property Maintenance Ltd (Registered number: 07509313)

Statement of Income and Retained Earnings
for the Year Ended 31 January 2023

31.1.23 31.1.22
Notes £    £   

TURNOVER 56,635 62,323

Cost of sales 31,444 59,067
GROSS PROFIT 25,191 3,256

Administrative expenses 11,812 11,992
OPERATING PROFIT/(LOSS) 4 13,379 (8,736 )


Interest payable and similar
expenses

583

-
PROFIT/(LOSS) BEFORE TAXATION 12,796 (8,736 )

Tax on profit/(loss) 2,635 4,232
PROFIT/(LOSS) FOR THE
FINANCIAL YEAR

10,161

(12,968

)

Retained earnings at beginning of
year

(38,251

)

(25,283

)

RETAINED EARNINGS AT END OF
YEAR

(28,090

)

(38,251

)

Invest Property Maintenance Ltd (Registered number: 07509313)

Statement of Financial Position
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 13,871 16,910

CURRENT ASSETS
Debtors 6 30,867 19,544
Cash at bank 20,483 27,175
51,350 46,719
CREDITORS
Amounts falling due within one year 7 9,730 4,622
NET CURRENT ASSETS 41,620 42,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,491

59,007

CREDITORS
Amounts falling due after more than
one year

8

(80,846

)

(97,158

)

PROVISIONS FOR LIABILITIES (2,635 ) -
NET LIABILITIES (27,990 ) (38,151 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (28,090 ) (38,251 )
(27,990 ) (38,151 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Invest Property Maintenance Ltd (Registered number: 07509313)

Statement of Financial Position - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 17 October 2023 and were signed by:





Mr A S Jacobs - Director


Invest Property Maintenance Ltd (Registered number: 07509313)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Invest Property Maintenance Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07509313

Registered office: Arrow Mill
Queensway
Rochdale
OL11 2YW

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Invest Property Maintenance Ltd (Registered number: 07509313)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. OPERATING PROFIT/(LOSS)

The operating profit (2022 - operating loss) is stated after charging:

31.1.23 31.1.22
£    £   
Depreciation - owned assets 3,039 3,772

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 35,223
DEPRECIATION
At 1 February 2022 18,313
Charge for year 3,039
At 31 January 2023 21,352
NET BOOK VALUE
At 31 January 2023 13,871
At 31 January 2022 16,910

6. DEBTORS
31.1.23 31.1.22
£    £   
Amounts falling due within one year:
Trade debtors 14,227 2,904
Other debtors 13,178 16,540
27,405 19,444

Invest Property Maintenance Ltd (Registered number: 07509313)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

6. DEBTORS - continued
31.1.23 31.1.22
£    £   
Amounts falling due after more than one year:
Other debtors 3,462 100

Aggregate amounts 30,867 19,544

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 2,779 2,779
Trade creditors 2,274 (5,820 )
Taxation and social security 1,537 606
Other creditors 3,140 7,057
9,730 4,622

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans 15,567 20,542
Amounts owed to participating interests 65,279 76,616
80,846 97,158