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REGISTERED NUMBER: 02586908 (England and Wales)















01 Property Group Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2023






01 Property Group Ltd (Registered number: 02586908)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


01 Property Group Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: M G Lower
Mrs G E Lower





SECRETARY: M G Lower





REGISTERED OFFICE: The Courtyard House
Horsham Road
Cowfold
West Sussex
RH13 8BX





REGISTERED NUMBER: 02586908 (England and Wales)





ACCOUNTANTS: M Goddard & Co
Chartered Accountants
69 Tupwood Lane
Caterham
Surrey
CR3 6DD

01 Property Group Ltd (Registered number: 02586908)

Abridged Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 5 5
5 5

CURRENT ASSETS
Debtors - 30,755
Cash at bank 35 269
35 31,024
CREDITORS
Amounts falling due within one year 750 900
NET CURRENT (LIABILITIES)/ASSETS (715 ) 30,124
TOTAL ASSETS LESS CURRENT
LIABILITIES

(710

)

30,129

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (712 ) 30,127
SHAREHOLDERS' FUNDS (710 ) 30,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

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

01 Property Group Ltd (Registered number: 02586908)

Abridged Balance Sheet - continued
30 June 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 November 2023 and were signed on its behalf by:





M G Lower - Director


01 Property Group Ltd (Registered number: 02586908)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

01 Property Group 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.

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 - 20% on cost

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.

Investment properties
All the companies properties are investment properties and in accordance with Statement of Standard Accounting Practice No. 19 investment properties are not depreciated. These properties are shown on the balance sheet at their open market value and the difference between this and cost is transferred to the revaluation reserve.

Group accounts exemption
The company is exempt from preparing consolidated financial statements on the grounds that, taken with its subsidiaries, it qualifies as a small group under S398 of the Companies Act 2006. These financial statements therefore present information about the company as an individual undertaking and not about its group.

3. EMPLOYEES AND DIRECTORS

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

01 Property Group Ltd (Registered number: 02586908)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022
and 30 June 2023 6,870
DEPRECIATION
At 1 July 2022
and 30 June 2023 6,870
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 July 2022
and 30 June 2023 5
NET BOOK VALUE
At 30 June 2023 5
At 30 June 2022 5

6. RELATED PARTY DISCLOSURES

M Lower, a director of the company owed the company £Nil (2022:£30,589) at the year end. The highest amount owed to the company by him during the year was £30,589. Interest has been charged on this loan at rates between 3.5% and 4.75% per annum.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M G Lower.