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REGISTERED NUMBER: 07526959 (England and Wales)















Financial Statements

For The Period 1 December 2021 to 29 November 2022

for

Property Solutions (NW) Limited

Property Solutions (NW) Limited (Registered number: 07526959)






Contents of the Financial Statements
For The Period 1 December 2021 to 29 November 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Property Solutions (NW) Limited

Company Information
For The Period 1 December 2021 to 29 November 2022







DIRECTOR: C Metcalfe





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 07526959 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Property Solutions (NW) Limited (Registered number: 07526959)

Balance Sheet
29 November 2022

29.11.22 30.11.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 557 847

CURRENT ASSETS
Debtors 5 17,779 20,254
Cash at bank 11,570 828
29,349 21,082
CREDITORS
Amounts falling due within one year 6 7,917 10,881
NET CURRENT ASSETS 21,432 10,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,989

11,048

CREDITORS
Amounts falling due after more than one year 7 (6,797 ) (7,798 )

PROVISIONS FOR LIABILITIES (106 ) (161 )
NET ASSETS 15,086 3,089

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 15,085 3,088
15,086 3,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 November 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Property Solutions (NW) Limited (Registered number: 07526959)

Balance Sheet - continued
29 November 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2023 and were signed by:





C Metcalfe - Director


Property Solutions (NW) Limited (Registered number: 07526959)

Notes to the Financial Statements
For The Period 1 December 2021 to 29 November 2022

1. STATUTORY INFORMATION

Property Solutions (NW) Limited 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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is recognised at the fair value of the consideration receivable for property based services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Further revenue is recognised as earned when, and to the extent that the company obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients excluding VAT where applicable.

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 - 33% on cost

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Taxation
Taxation for the period 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.


Property Solutions (NW) Limited (Registered number: 07526959)

Notes to the Financial Statements - continued
For The Period 1 December 2021 to 29 November 2022

2. ACCOUNTING POLICIES - continued
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 period 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 period was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2021 5,883
Additions 797
At 29 November 2022 6,680
DEPRECIATION
At 1 December 2021 5,036
Charge for period 1,087
At 29 November 2022 6,123
NET BOOK VALUE
At 29 November 2022 557
At 30 November 2021 847

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.22 30.11.21
£    £   
Amounts owed by group undertakings 16,811 -
Other debtors 968 20,254
17,779 20,254

Property Solutions (NW) Limited (Registered number: 07526959)

Notes to the Financial Statements - continued
For The Period 1 December 2021 to 29 November 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.22 30.11.21
£    £   
Bank loans and overdrafts 1,046 1,040
Amounts owed to group undertakings - 1,245
Taxation and social security 2,653 4,349
Other creditors 4,218 4,247
7,917 10,881

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.11.22 30.11.21
£    £   
Bank loans 6,797 7,798

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,614 3,639