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REGISTERED NUMBER: 11458664 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 31 JULY 2022 TO 29 JULY 2023

FOR

PROPERTY POWER REAL ESTATE LTD.

PROPERTY POWER REAL ESTATE LTD. (REGISTERED NUMBER: 11458664)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 31 July 2022 to 29 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROPERTY POWER REAL ESTATE LTD.

COMPANY INFORMATION
for the Period 31 July 2022 to 29 July 2023







DIRECTOR: J H Wooltorton





REGISTERED OFFICE: Marlbridge House
Enterprise Way
Edenbridge
Kent
TN8 6HF





REGISTERED NUMBER: 11458664 (England and Wales)





ACCOUNTANTS: WBD Accountants Limited
Marlbridge House
Enterprise Way
Edenbridge
Kent
TN8 6HF

PROPERTY POWER REAL ESTATE LTD. (REGISTERED NUMBER: 11458664)

BALANCE SHEET
29 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,934 -

CURRENT ASSETS
Debtors 5 44,104 175,734
Cash at bank 121,838 183
165,942 175,917
CREDITORS
Amounts falling due within one year 6 125,915 131,276
NET CURRENT ASSETS 40,027 44,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,961

44,641

CREDITORS
Amounts falling due after more than one
year

7

35,696

36,746
NET ASSETS 17,265 7,895

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 17,264 7,894
17,265 7,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 July 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 POWER REAL ESTATE LTD. (REGISTERED NUMBER: 11458664)

BALANCE SHEET - continued
29 July 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 director and authorised for issue on 29 July 2024 and were signed by:





J H Wooltorton - Director


PROPERTY POWER REAL ESTATE LTD. (REGISTERED NUMBER: 11458664)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 31 July 2022 to 29 July 2023

1. STATUTORY INFORMATION

Property Power Real Estate 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the period 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 period 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.

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.

3. EMPLOYEES AND DIRECTORS

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

PROPERTY POWER REAL ESTATE LTD. (REGISTERED NUMBER: 11458664)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 31 July 2022 to 29 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 17,245
At 29 July 2023 17,245
DEPRECIATION
Charge for period 4,311
At 29 July 2023 4,311
NET BOOK VALUE
At 29 July 2023 12,934

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 44,104 175,734

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 2,052 -
Taxation and social security 60,186 67,902
Other creditors 53,677 53,374
125,915 131,276

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 35,696 36,746

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 29 July 2023 and the year ended 30 July 2022:

2023 2022
£    £   
J H Wooltorton
Balance outstanding at start of period 124,524 115,336
Amounts advanced - 83,514
Amounts repaid (124,524 ) (74,326 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 124,524

PROPERTY POWER REAL ESTATE LTD. (REGISTERED NUMBER: 11458664)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 31 July 2022 to 29 July 2023

9. GOING CONCERN AND FINANCIAL SUPPORT

The Company's abilitity to continue as a going concern is dependent upon the continued support of the Company's director, bankers and other lenders. The director has no reason to believe that sufficient support will not be provided to allow the company to continue trading for the foreseeable future. Accordingly the director considers it appropriate to prepare the financial statements on a going concern basis.

The financial statements do not include any adjustment that would result from the withdrawal of this support.