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REGISTERED NUMBER: 13621128 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 October 2023

for

PROPERTY SCENE LTD

PROPERTY SCENE LTD (REGISTERED NUMBER: 13621128)






Contents of the Financial Statements
for the year ended 31 October 2023




Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Statement of Changes in Equity 6

Notes to the Financial Statements 7


PROPERTY SCENE LTD

Company Information
for the year ended 31 October 2023







DIRECTORS: A J C Connell
P J Connell
B C Harrison





REGISTERED OFFICE: 26 School Lane
Staverton
Trowbridge
Wiltshire
BA14 6NZ





REGISTERED NUMBER: 13621128 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

PROPERTY SCENE LTD (REGISTERED NUMBER: 13621128)

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
The directors shown below have held office during the whole of the period from 1 November 2022 to the date of this report.

A J C Connell
P J Connell
B C Harrison

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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:





A J C Connell - Director


26 July 2024

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Property Scene Ltd


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Property Scene Ltd for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Property Scene Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Property Scene Ltd and state those matters that we have agreed to state to the Board of Directors of Property Scene Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Property Scene Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Property Scene Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Property Scene Ltd. You consider that Property Scene 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 financial statements of Property Scene 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 financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


26 July 2024

PROPERTY SCENE LTD (REGISTERED NUMBER: 13621128)

Income Statement
for the year ended 31 October 2023

Period
14.9.21
Year Ended to
31.10.23 31.10.22
Notes £    £   

TURNOVER 372,100 -

Cost of sales 314,189 -
GROSS PROFIT 57,911 -

Administrative expenses 8,743 3,228
49,168 (3,228 )

Other operating income 2,675 -
OPERATING PROFIT/(LOSS) and
PROFIT/(LOSS) BEFORE TAXATION 51,843 (3,228 )

Tax on profit/(loss) 4 9,237 -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

42,606

(3,228

)

PROPERTY SCENE LTD (REGISTERED NUMBER: 13621128)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 368,913 291,056
Debtors 5 1,050 50
Cash at bank 1,826 3,000
371,789 294,106
CREDITORS
Amounts falling due within one year 6 342,261 297,184
NET CURRENT ASSETS/(LIABILITIES) 29,528 (3,078 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,528

(3,078

)

CAPITAL AND RESERVES
Called up share capital 7 150 150
Retained earnings 29,378 (3,228 )
SHAREHOLDERS' FUNDS 29,528 (3,078 )

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:





A J C Connell - Director


PROPERTY SCENE LTD (REGISTERED NUMBER: 13621128)

Statement of Changes in Equity
for the year ended 31 October 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Changes in equity
Issue of share capital 150 - 150
Total comprehensive income - (3,228 ) (3,228 )
Balance at 31 October 2022 150 (3,228 ) (3,078 )

Changes in equity
Dividends - (10,000 ) (10,000 )
Total comprehensive income - 42,606 42,606
Balance at 31 October 2023 150 29,378 29,528

PROPERTY SCENE LTD (REGISTERED NUMBER: 13621128)

Notes to the Financial Statements
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Property Scene 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Critical accounting estimates and uncertainties
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

PROPERTY SCENE LTD (REGISTERED NUMBER: 13621128)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

4. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
Period
14.9.21
Year Ended to
31.10.23 31.10.22
£    £   
Current tax:
UK corporation tax 9,237 -
Tax on profit/(loss) 9,237 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,050 50

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 331,874 296,034
Taxation and social security 9,237 -
Other creditors 1,150 1,150
342,261 297,184

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
150 Ordinary £1 150 150