2023-01-012023-12-312023-12-31false12299632RESTORMEL PROPERTY SERVICES LTD2024-02-1943220iso4217:GBPxbrli:pure122996322023-01-01122996322023-12-31122996322023-01-012023-12-31122996322022-01-01122996322022-12-31122996322022-01-012022-12-3112299632bus:SmallEntities2023-01-012023-12-3112299632bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3112299632bus:FullAccounts2023-01-012023-12-3112299632bus:PrivateLimitedCompanyLtd2023-01-012023-12-3112299632core:WithinOneYear2023-12-3112299632core:AfterOneYear2023-12-3112299632core:WithinOneYear2022-12-3112299632core:AfterOneYear2022-12-3112299632core:ShareCapital2023-12-3112299632core:SharePremium2023-12-3112299632core:RevaluationReserve2023-12-3112299632core:OtherReservesSubtotal2023-12-3112299632core:RetainedEarningsAccumulatedLosses2023-12-3112299632core:ShareCapital2022-12-3112299632core:SharePremium2022-12-3112299632core:RevaluationReserve2022-12-3112299632core:OtherReservesSubtotal2022-12-3112299632core:RetainedEarningsAccumulatedLosses2022-12-3112299632core:LandBuildings2023-12-3112299632core:PlantMachinery2023-12-3112299632core:Vehicles2023-12-3112299632core:FurnitureFittings2023-12-3112299632core:OfficeEquipment2023-12-3112299632core:NetGoodwill2023-12-3112299632core:IntangibleAssetsOtherThanGoodwill2023-12-3112299632core:ListedExchangeTraded2023-12-3112299632core:UnlistedNon-exchangeTraded2023-12-3112299632core:LandBuildings2022-12-3112299632core:PlantMachinery2022-12-3112299632core:Vehicles2022-12-3112299632core:FurnitureFittings2022-12-3112299632core:OfficeEquipment2022-12-3112299632core:NetGoodwill2022-12-3112299632core:IntangibleAssetsOtherThanGoodwill2022-12-3112299632core:ListedExchangeTraded2022-12-3112299632core:UnlistedNon-exchangeTraded2022-12-3112299632core:LandBuildings2023-01-012023-12-3112299632core:PlantMachinery2023-01-012023-12-3112299632core:Vehicles2023-01-012023-12-3112299632core:FurnitureFittings2023-01-012023-12-3112299632core:OfficeEquipment2023-01-012023-12-3112299632core:NetGoodwill2023-01-012023-12-3112299632core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112299632core:ListedExchangeTraded2023-01-012023-12-3112299632core:UnlistedNon-exchangeTraded2023-01-012023-12-3112299632core:MoreThanFiveYears2023-01-012023-12-3112299632core:Non-currentFinancialInstruments2023-12-3112299632core:Non-currentFinancialInstruments2022-12-3112299632dpl:CostSales2023-01-012023-12-3112299632dpl:DistributionCosts2023-01-012023-12-3112299632core:LandBuildings2023-01-012023-12-3112299632core:PlantMachinery2023-01-012023-12-3112299632core:Vehicles2023-01-012023-12-3112299632core:FurnitureFittings2023-01-012023-12-3112299632core:OfficeEquipment2023-01-012023-12-3112299632dpl:AdministrativeExpenses2023-01-012023-12-3112299632core:NetGoodwill2023-01-012023-12-3112299632core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112299632dpl:GroupUndertakings2023-01-012023-12-3112299632dpl:ParticipatingInterests2023-01-012023-12-3112299632dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3112299632core:ListedExchangeTraded2023-01-012023-12-3112299632dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3112299632core:UnlistedNon-exchangeTraded2023-01-012023-12-3112299632dpl:CostSales2022-01-012022-12-3112299632dpl:DistributionCosts2022-01-012022-12-3112299632core:LandBuildings2022-01-012022-12-3112299632core:PlantMachinery2022-01-012022-12-3112299632core:Vehicles2022-01-012022-12-3112299632core:FurnitureFittings2022-01-012022-12-3112299632core:OfficeEquipment2022-01-012022-12-3112299632dpl:AdministrativeExpenses2022-01-012022-12-3112299632core:NetGoodwill2022-01-012022-12-3112299632core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3112299632dpl:GroupUndertakings2022-01-012022-12-3112299632dpl:ParticipatingInterests2022-01-012022-12-3112299632dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3112299632core:ListedExchangeTraded2022-01-012022-12-3112299632dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3112299632core:UnlistedNon-exchangeTraded2022-01-012022-12-3112299632core:NetGoodwill2023-12-3112299632core:IntangibleAssetsOtherThanGoodwill2023-12-3112299632core:LandBuildings2023-12-3112299632core:PlantMachinery2023-12-3112299632core:Vehicles2023-12-3112299632core:FurnitureFittings2023-12-3112299632core:OfficeEquipment2023-12-3112299632core:AfterOneYear2023-12-3112299632core:WithinOneYear2023-12-3112299632core:ListedExchangeTraded2023-12-3112299632core:UnlistedNon-exchangeTraded2023-12-3112299632core:ShareCapital2023-12-3112299632core:SharePremium2023-12-3112299632core:RevaluationReserve2023-12-3112299632core:OtherReservesSubtotal2023-12-3112299632core:RetainedEarningsAccumulatedLosses2023-12-3112299632core:NetGoodwill2022-12-3112299632core:IntangibleAssetsOtherThanGoodwill2022-12-3112299632core:LandBuildings2022-12-3112299632core:PlantMachinery2022-12-3112299632core:Vehicles2022-12-3112299632core:FurnitureFittings2022-12-3112299632core:OfficeEquipment2022-12-3112299632core:AfterOneYear2022-12-3112299632core:WithinOneYear2022-12-3112299632core:ListedExc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RESTORMEL PROPERTY SERVICES LTD

Registered Number
12299632
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

RESTORMEL PROPERTY SERVICES LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

HUGHES, Timothy Owen

Registered Address

7 Polscoe
Lostwithiel
PL22 0HS

Registered Number

12299632 (England and Wales)
RESTORMEL PROPERTY SERVICES LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets528,30933,027
Tangible assets69,40312,109
37,71245,136
Current assets
Stocks8107102
Debtors92,6354,146
Cash at bank and on hand8,1903,456
10,9327,704
Creditors amounts falling due within one year10(34,335)(42,858)
Net current assets (liabilities)(23,403)(35,154)
Total assets less current liabilities14,3099,982
Provisions for liabilities11(1,663)(1,096)
Net assets12,6468,886
Capital and reserves
Called up share capital100100
Profit and loss account12,5468,786
Shareholders' funds12,6468,886
The financial statements were approved and authorised for issue by the Director on 19 February 2024, and are signed on its behalf by:
HUGHES, Timothy Owen
Director
Registered Company No. 12299632
RESTORMEL PROPERTY SERVICES LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Vehicles25
Office Equipment25
Intangible assets policy
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year11
5.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 January 2347,18247,182
At 31 December 2347,18247,182
Amortisation and impairment
At 01 January 2314,15514,155
Charge for year4,7184,718
At 31 December 2318,87318,873
Net book value
At 31 December 2328,30928,309
At 31 December 2233,02733,027
6.Property, plant and equipment

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 January 232,98519,24572022,950
Additions350--350
At 31 December 233,33519,24572023,300
Depreciation and impairment
At 01 January 231,7338,68042810,841
Charge for year4152,641-3,056
At 31 December 232,14811,32142813,897
Net book value
At 31 December 231,1877,9242929,403
At 31 December 221,25210,56529212,109
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
HUGHES, Timothy Owen36,3334,95914,76226,530
36,3334,95914,76226,530
8.Stocks

2023

2022

££
Other stocks107102
Total107102
9.Debtors

2023

2022

££
Trade debtors / trade receivables2,6354,146
Total2,6354,146
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables31808
Taxation and social security5,1073,681
Other creditors26,52936,333
Accrued liabilities and deferred income2,6682,036
Total34,33542,858
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
11.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)1,6631,096
Total1,6631,096