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REGISTERED NUMBER: 05413591 (England and Wales)











THE PROPERTY CAFE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






THE PROPERTY CAFE LIMITED (REGISTERED NUMBER: 05413591)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


THE PROPERTY CAFE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: S G White
D Cohen





SECRETARY: S G White





REGISTERED OFFICE: 20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE





REGISTERED NUMBER: 05413591 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

THE PROPERTY CAFE LIMITED (REGISTERED NUMBER: 05413591)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,851 17,219

CURRENT ASSETS
Debtors 5 196,079 192,528
Cash at bank 4,380 4,380
200,459 196,908
CREDITORS
Amounts falling due within one year 6 235,623 218,428
NET CURRENT LIABILITIES (35,164 ) (21,520 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(28,313

)

(4,301

)

CREDITORS
Amounts falling due after more than one
year

7

35,162

76,788
NET LIABILITIES (63,475 ) (81,089 )

CAPITAL AND RESERVES
Called up share capital 9 2,000 2,000
Capital redemption reserve 203 203
Retained earnings (65,678 ) (83,292 )
SHAREHOLDERS' FUNDS (63,475 ) (81,089 )

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

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

THE PROPERTY CAFE LIMITED (REGISTERED NUMBER: 05413591)

BALANCE SHEET - continued
31ST DECEMBER 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 7th March 2024 and were signed on its behalf by:





S G White - Director


THE PROPERTY CAFE LIMITED (REGISTERED NUMBER: 05413591)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

The Property Cafe 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.

Turnover
Turnover represents the net invoiced value of services, excluding value added tax, supplied during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - in accordance with the property
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

THE PROPERTY CAFE LIMITED (REGISTERED NUMBER: 05413591)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grant income recognition
Grant income has been recognised under the performance model.

Grants that do not specify any future performance-related conditions are recorded when the grant proceeds are received or receivable. Any grant that imposes specified future performance-related conditions is recognised only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2023 15,502 33,103 41,393 38,073 128,071
Additions - 8,971 - - 8,971
Disposals - - (22,098 ) - (22,098 )
At 31st December 2023 15,502 42,074 19,295 38,073 114,944
DEPRECIATION
At 1st January 2023 15,502 32,857 24,820 37,673 110,852
Charge for year - 2,366 - 400 2,766
Eliminated on disposal - - (5,525 ) - (5,525 )
At 31st December 2023 15,502 35,223 19,295 38,073 108,093
NET BOOK VALUE
At 31st December 2023 - 6,851 - - 6,851
At 31st December 2022 - 246 16,573 400 17,219

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,000 20,000
Other debtors 176,079 172,528
196,079 192,528

THE PROPERTY CAFE LIMITED (REGISTERED NUMBER: 05413591)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 45,368 45,428
Hire purchase contracts - 2,562
Trade creditors 3,247 -
Taxation and social security 43,369 146,130
Other creditors 143,639 24,308
235,623 218,428

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 35,162 69,956
Hire purchase contracts - 6,832
35,162 76,788

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 10,574 14,353
Bank loans 69,956 101,031
80,530 115,384

The bank loan and overdraft are secured by a fixed and floating charge over the property and assets of the company and are guaranteed by the directors.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2,000 Ordinary A £1 2,000 2,000

10. RELATED PARTY DISCLOSURES

Within other creditors is £2,548 (2022: £107,244.) owed to companies which the directors are also directors and shareholders.

Within other debtors is £163,147 (2022: £164,147) owed by a company in which the director is also a director and shareholder.

The above loans are on interest free basis.

THE PROPERTY CAFE LIMITED (REGISTERED NUMBER: 05413591)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


11. GOING CONCERN

The Company is dependent on the continuing support of it's Directors and Financiers.