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Company Registration No. 11341806 (England and Wales)
The Property Collection Ltd Unaudited accounts for the year ended 31 May 2023
The Property Collection Ltd Unaudited accounts Contents
Page
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The Property Collection Ltd Company Information for the year ended 31 May 2023
Director
Ian Morton
Company Number
11341806 (England and Wales)
Registered Office
Marske Stables, Marske Hall Marske North Yorkshire DL11 7NB England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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The Property Collection Ltd Accountants' report
Accountants' report to the director of The Property Collection Ltd on the preparation of the unaudited statutory accounts for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Property Collection Ltd for the year ended 31 May 2023 as set out on pages 5 - 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of The Property Collection Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of The Property Collection Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Property Collection Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that The Property Collection Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Property Collection Ltd. You consider that The Property Collection 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 accounts of The Property Collection 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 accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 12 January 2024
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The Property Collection Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
270 
270 
Current assets
Debtors
70 
70 
Creditors: amounts falling due within one year
(290)
(290)
Net current liabilities
(220)
(220)
Net assets
50 
50 
Capital and reserves
Called up share capital
530 
530 
Profit and loss account
(480)
(480)
Shareholders' funds
50 
50 
For the year ending 31 May 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 his 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 12 February 2024 and were signed on its behalf by
Ian Morton Director Company Registration No. 11341806
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The Property Collection Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
The Property Collection Ltd is a private company, limited by shares, registered in England and Wales, registration number 11341806. The registered office is Marske Stables,, Marske Hall, Marske, North Yorkshire, DL11 7NB, 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.
Investments
Investments in shares are included at fair value.
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 June 2022
270 
Valuation at 31 May 2023
270 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
70 
70 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
50 
50 
Other creditors
240 
240 
290 
290 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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