1 October 2022 false No description of principal activity Taxfiler 2023.10.1 10969533business:PrivateLimitedCompanyLtd2022-10-012023-09-30 109695332022-09-30 109695332022-10-012023-09-30 10969533business:AuditExemptWithAccountantsReport2022-10-012023-09-30 10969533business:FilletedAccounts2022-10-012023-09-30 109695332023-09-30 10969533business:Director12022-10-012023-09-30 10969533business:RegisteredOffice2022-10-012023-09-30 109695332022-09-30 10969533core:WithinOneYear2023-09-30 10969533core:WithinOneYear2022-09-30 10969533core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 10969533core:ShareCapitalcore:PreviouslyStatedAmount2022-09-30 10969533core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 10969533core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-09-30 10969533core:PreviouslyStatedAmount2023-09-30 10969533core:PreviouslyStatedAmount2022-09-30 10969533business:SmallEntities2022-10-012023-09-30 10969533countries:EnglandWales2022-10-012023-09-30 10969533core:AfterOneYear2023-09-30 10969533core:AfterOneYear2022-09-30 109695332021-10-012022-09-30 iso4217:GBP xbrli:pure
Company Registration No. 10969533 (England and Wales)
Property 2 Homes Limited Unaudited accounts for the year ended 30 September 2023
Property 2 Homes Limited Unaudited accounts Contents
Page
- 2 -
Property 2 Homes Limited Company Information for the year ended 30 September 2023
Director
Jacqueline Hammond
Company Number
10969533 (England and Wales)
Registered Office
2 HOPKINS MEAD CHELMSFORD ESSEX CM2 6SS ENGLAND
Accountants
SilverstoneBKS Limited 127 Raphael Drive Shoeburyness Southend on Sea Essex SS3 9UR
- 3 -
Property 2 Homes Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
300 
300 
Current assets
Inventories
446,854 
398,008 
Debtors
377,823 
388,976 
Cash at bank and in hand
1,916 
56,440 
826,593 
843,424 
Creditors: amounts falling due within one year
(2,834)
(3,347)
Net current assets
823,759 
840,077 
Net assets
824,059 
840,377 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
824,058 
840,376 
Shareholders' funds
824,059 
840,377 
For the year ending 30 September 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 1 November 2023 and were signed on its behalf by
Jacqueline Hammond Director Company Registration No. 10969533
- 4 -
Property 2 Homes Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Property 2 Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 10969533. The registered office is 2 HOPKINS MEAD, CHELMSFORD, ESSEX, CM2 6SS, 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion. Inventories held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of inventories over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
Fixed Asset Investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss . A subsidiary is an entity controlled by the company . Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate. Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities .
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
- 5 -
Property 2 Homes Limited Notes to the Accounts for the year ended 30 September 2023
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 October 2022
300 
Valuation at 30 September 2023
300 
5
Inventories
2023 
2022 
£ 
£ 
Finished goods
446,854 
398,008 
446,854 
398,008 
Finished Goods comprises of the opening stock value of property purchased, development costs occurring during the year and the closing stock value of property
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
377,823 
388,976 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
2,634 
3,347 
Accruals
200 
- 
2,834 
3,347 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 6 -