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REGISTERED NUMBER: 13689173 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

PROPERTY 8 CLUB LTD

PROPERTY 8 CLUB LTD (REGISTERED NUMBER: 13689173)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


PROPERTY 8 CLUB LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr B S Hughes
Mr L R Rust





REGISTERED OFFICE: 1B Mile End
London Road
Bath
Somerset
BA1 6PT





REGISTERED NUMBER: 13689173 (England and Wales)





ACCOUNTANTS: JRS Accountants Limited
584 Wellsway
Bath
Somerset
BA2 2UE

PROPERTY 8 CLUB LTD (REGISTERED NUMBER: 13689173)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 OCTOBER 2023


The directors present their report with the financial statements of the company for the year ended 31 October 2023.

DIRECTORS
Mr B S Hughes has held office during the whole of the period from 1 November 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr B S Hughes - Director


12 March 2024

PROPERTY 8 CLUB LTD (REGISTERED NUMBER: 13689173)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 100,000 92,904

CURRENT ASSETS
Stocks 5 6,300 6,300
Debtors 6 699 119
Cash at bank 34,695 27,031
41,694 33,450
CREDITORS
Amounts falling due within one year 7 (71,596 ) (61,375 )
NET CURRENT LIABILITIES (29,902 ) (27,925 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,098

64,979

CREDITORS
Amounts falling due after more than one
year

8

(65,748

)

(65,754

)

PROVISIONS FOR LIABILITIES (823 ) -
NET ASSETS/(LIABILITIES) 3,527 (775 )

CAPITAL AND RESERVES
Called up share capital 16 16
Retained earnings 3,511 (791 )
SHAREHOLDERS' FUNDS 3,527 (775 )

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

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

PROPERTY 8 CLUB LTD (REGISTERED NUMBER: 13689173)

BALANCE SHEET - continued
31 OCTOBER 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 12 March 2024 and were signed on its behalf by:





Mr B S Hughes - Director


PROPERTY 8 CLUB LTD (REGISTERED NUMBER: 13689173)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Property 8 Club 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 as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

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

PROPERTY 8 CLUB LTD (REGISTERED NUMBER: 13689173)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 92,904
Revaluations 7,096
At 31 October 2023 100,000
NET BOOK VALUE
At 31 October 2023 100,000
At 31 October 2022 92,904

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 100,000

5. STOCKS
2023 2022
£    £   
Payments on account 6,300 6,300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 575 -
Prepayments 124 119
699 119

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to joint ventures 21,282 9,996
Amounts owed to associates 6,000 6,000
Other creditors 33,492 35,990
Directors' loan accounts 9,498 7,998
Accrued expenses and deferred
income 1,324 1,391
71,596 61,375

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yrs non-inst 65,748 65,754

PROPERTY 8 CLUB LTD (REGISTERED NUMBER: 13689173)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 65,748 65,754