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REGISTERED NUMBER: 11612868 (England and Wales)




















Financial Statements

for the Year Ended 31 March 2023

for

PROPERTIES FOR US LTD

PROPERTIES FOR US LTD (REGISTERED NUMBER: 11612868)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROPERTIES FOR US LTD

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs N L Rowe
Mr J M Rowe





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 11612868 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

PROPERTIES FOR US LTD (REGISTERED NUMBER: 11612868)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 247,250 247,250
247,250 247,250

CURRENT ASSETS
Debtors 6 98,260 1,529
Cash at bank 14,585 11,707
112,845 13,236
CREDITORS
Amounts falling due within one year 7 (124,048 ) (122,105 )
NET CURRENT LIABILITIES (11,203 ) (108,869 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

236,047

138,381

CREDITORS
Amounts falling due after more than one
year

8

(159,904

)

(58,696

)

PROVISIONS FOR LIABILITIES (14,223 ) (14,223 )
NET ASSETS 61,920 65,462

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 61,820 65,362
SHAREHOLDERS' FUNDS 61,920 65,462

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

PROPERTIES FOR US LTD (REGISTERED NUMBER: 11612868)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by:




Mrs N L Rowe - Director



Mr J M Rowe - Director


PROPERTIES FOR US LTD (REGISTERED NUMBER: 11612868)

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

1. STATUTORY INFORMATION

Properties For Us 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.

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 as modified by the revaluation of certain assets.

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.
Fixtures and fittings - Straight line over 3 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

PROPERTIES FOR US LTD (REGISTERED NUMBER: 11612868)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 200
DEPRECIATION
At 1 April 2022
and 31 March 2023 200
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 247,250
NET BOOK VALUE
At 31 March 2023 247,250
At 31 March 2022 247,250

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 74,860
Cost 172,390
247,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 98,260 1,529

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security - 1,163
Other creditors 124,048 120,942
124,048 122,105

PROPERTIES FOR US LTD (REGISTERED NUMBER: 11612868)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 101,208 -
Other creditors 58,696 58,696
159,904 58,696

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 101,208 -

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Mortgage 101,208 -

The mortgage is provided by Together Commercial Finance Ltd is secured against the freehold interest in the land and property known as 30 Kilnside Road, 6 Broomdyke Way and 24 Kilnside Road by way of a fixed and floating charge.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary 1 100 100

11. RESERVES
Retained
earnings
£   

At 1 April 2022 65,362
Deficit for the year (3,542 )
At 31 March 2023 61,820

Reserves include an amount of £60,636 that relates to the, net of tax, revaluation of Investment Property. This amount is not distributable.

12. RELATED PARTY

The company has borrowed the sum of NZ$115,000 from Ventures for Us Limited a company controlled by Mr and Mrs Rowe, directors and shareholders of this company.

The loan is repayable is 2027 and carries a variable interest rate.