IRIS Accounts Production v23.3.0.418 11775981 Board of Directors Board of Directors 1.7.21 30.6.22 30.6.22 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure117759812021-06-30117759812022-06-30117759812021-07-012022-06-30117759812020-06-30117759812020-07-012021-06-30117759812021-06-3011775981ns16:EnglandWales2021-07-012022-06-3011775981ns15:PoundSterling2021-07-012022-06-3011775981ns11:Director12021-07-012022-06-3011775981ns11:Director22021-07-012022-06-3011775981ns11:PrivateLimitedCompanyLtd2021-07-012022-06-3011775981ns11:SmallEntities2021-07-012022-06-3011775981ns11:AuditExemptWithAccountantsReport2021-07-012022-06-3011775981ns11:SmallCompaniesRegimeForDirectorsReport2021-07-012022-06-3011775981ns11:SmallCompaniesRegimeForAccounts2021-07-012022-06-3011775981ns11:FullAccounts2021-07-012022-06-3011775981ns11:OrdinaryShareClass12021-07-012022-06-3011775981ns11:RegisteredOffice2021-07-012022-06-3011775981ns6:CurrentFinancialInstruments2022-06-3011775981ns6:CurrentFinancialInstruments2021-06-3011775981ns6:Non-currentFinancialInstruments2022-06-3011775981ns6:Non-currentFinancialInstruments2021-06-3011775981ns6:ShareCapital2022-06-3011775981ns6:ShareCapital2021-06-3011775981ns6:RetainedEarningsAccumulatedLosses2022-06-3011775981ns6:RetainedEarningsAccumulatedLosses2021-06-3011775981ns6:PlantMachinery2021-07-012022-06-3011775981ns6:PlantMachinery2021-06-3011775981ns6:PlantMachinery2022-06-3011775981ns6:PlantMachinery2021-06-3011775981ns6:WithinOneYearns6:CurrentFinancialInstruments2022-06-3011775981ns6:WithinOneYearns6:CurrentFinancialInstruments2021-06-3011775981ns11:OrdinaryShareClass12022-06-30
REGISTERED NUMBER: 11775981 (England and Wales)















UK PROPERTY RESCUE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022






UK PROPERTY RESCUE LTD (REGISTERED NUMBER: 11775981)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6

Chartered Accountants' Report 7

UK PROPERTY RESCUE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2022







DIRECTORS: D Molde
R D Bushell





REGISTERED OFFICE: Jubilee House
Long Bennington Business Park
Long Bennington
Newark
Nottinghamshire
NG23 5JR





REGISTERED NUMBER: 11775981 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ

UK PROPERTY RESCUE LTD (REGISTERED NUMBER: 11775981)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 359,641 131,562

CURRENT ASSETS
Stocks 482,000 145,000
Debtors 5 450,417 396,063
Cash at bank 1,973 34,690
934,390 575,753
CREDITORS
Amounts falling due within one year 6 881,941 510,475
NET CURRENT ASSETS 52,449 65,278
TOTAL ASSETS LESS CURRENT LIABILITIES 412,090 196,840

CREDITORS
Amounts falling due after more than one year 7 (162,120 ) (109,957 )

PROVISIONS FOR LIABILITIES (63,715 ) (20,085 )
NET ASSETS 186,255 66,798

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 186,245 66,788
SHAREHOLDERS' FUNDS 186,255 66,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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.

UK PROPERTY RESCUE LTD (REGISTERED NUMBER: 11775981)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2022


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 9 November 2023 and were signed on its behalf by:




D Molde - Director



R D Bushell - Director


UK PROPERTY RESCUE LTD (REGISTERED NUMBER: 11775981)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

1. STATUTORY INFORMATION

UK Property Rescue Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 25% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

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.

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 14 (2021 - 4 ) .

UK PROPERTY RESCUE LTD (REGISTERED NUMBER: 11775981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2021 151,964
Additions 293,168
At 30 June 2022 445,132
DEPRECIATION
At 1 July 2021 20,402
Charge for year 65,089
At 30 June 2022 85,491
NET BOOK VALUE
At 30 June 2022 359,641
At 30 June 2021 131,562

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 377,304 336,058
Other debtors 73,113 60,005
450,417 396,063

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 46,229 18,913
Trade creditors 228,276 4,969
Taxation and social security 204,196 185,503
Other creditors 393,240 291,090
881,941 510,475

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 29,167 39,167
Hire purchase contracts 132,953 70,790
162,120 109,957

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Hire purchase contracts 179,182 89,703

The hire purchase contracts are secured on the asset to which they relate.

UK PROPERTY RESCUE LTD (REGISTERED NUMBER: 11775981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2022

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
10 Ordinary shares 1 10 10

10. RELATED PARTY DISCLOSURES

At the year end date, the company owed D Molde £124,971 (2021: £158,786) and R Bushell £188,548 (2021: £115,608).

The loans made from the directors are unsecured, interest free and repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
UK PROPERTY RESCUE LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of UK Property Rescue Ltd for the year ended 30 June 2022 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of UK Property Rescue Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of UK Property Rescue Ltd and state those matters that we have agreed to state to the Board of Directors of UK Property Rescue Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than UK Property Rescue Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that UK Property Rescue Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of UK Property Rescue Ltd. You consider that UK Property Rescue Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of UK Property Rescue Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ


Date: .............................................