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Company Registration No. 10501031 (England and Wales)
Property Company Group Limited Unaudited accounts for the year ended 31 December 2022
Property Company Group Limited Unaudited accounts Contents
Page
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Property Company Group Limited Company Information for the year ended 31 December 2022
Director
Lewis McKale
Company Number
10501031 (England and Wales)
Registered Office
25 East Street Bromley BR1 1QE England
Accountants
Anumerate Limited Office 2.05, Clockwise Old Town Hall 30 Tweedy Road Bromley BR13FE
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Property Company Group Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,664 
33,761 
Current assets
Debtors
13,495 
12,480 
Cash at bank and in hand
23,745 
68,886 
37,240 
81,366 
Creditors: amounts falling due within one year
(28,632)
(69,954)
Net current assets
8,608 
11,412 
Net assets
36,272 
45,173 
Capital and reserves
Called up share capital
185 
185 
Profit and loss account
36,087 
44,988 
Shareholders' funds
36,272 
45,173 
For the year ending 31 December 2022 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 September 2023 and were signed on its behalf by
Lewis McKale Director Company Registration No. 10501031
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Property Company Group Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Property Company Group Limited is a private company, limited by shares, registered in England and Wales, registration number 10501031. The registered office is 25 East Street, Bromley, BR1 1QE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% - straightline basis
Fixtures & fittings
10% - straightline basis
Computer equipment
25% - straightline 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.
Dividends
Dividends distributed to shareholders are recognised in the financial statements in the reporting period in which the dividends are declared.
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Property Company Group Limited Notes to the Accounts for the year ended 31 December 2022
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2022
25,000 
9,973 
1,832 
36,805 
Additions
- 
- 
374 
374 
At 31 December 2022
25,000 
9,973 
2,206 
37,179 
Depreciation
At 1 January 2022
- 
2,570 
474 
3,044 
Charge for the year
5,000 
997 
474 
6,471 
At 31 December 2022
5,000 
3,567 
948 
9,515 
Net book value
At 31 December 2022
20,000 
6,406 
1,258 
27,664 
At 31 December 2021
25,000 
7,403 
1,358 
33,761 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,195 
7,902 
Other debtors
300 
4,578 
13,495 
12,480 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
3,467 
38,619 
Trade creditors
6,585 
9,858 
Taxes and social security
17,353 
20,574 
Other creditors
1,227 
400 
Accruals
- 
503 
28,632 
69,954 
7
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
85 A Ordinary shares of £1 each
85 
85 
15 B Ordinary shares of £1 each
15 
15 
85 C Ordinary shares of £1 each
85 
85 
185 
185 
8
Average number of employees
During the year the average number of employees was 3 (2021: 3).
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