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REGISTERED NUMBER: 07305106 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

THE PROPERTY BUYERS AGENT LTD

THE PROPERTY BUYERS AGENT LTD (REGISTERED NUMBER: 07305106)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE PROPERTY BUYERS AGENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: L R Lawrence





SECRETARY: The William Marshall Partnership Limited





REGISTERED OFFICE: Park View House
Ropewalk
Fishguard
Pembrokeshire
SA65 9BT





REGISTERED NUMBER: 07305106 (England and Wales)





ACCOUNTANTS: William Marshall & Co
Financial Accountants
Park View House
Ropewalk
Fishguard
Pembrokeshire
SA65 9BT

THE PROPERTY BUYERS AGENT LTD (REGISTERED NUMBER: 07305106)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 116,350 116,350

CURRENT ASSETS
Stocks 5 - 138,995
Debtors 6 9,487 23,688
Cash at bank 3,450 8,252
12,937 170,935
CREDITORS
Amounts falling due within one year 7 67,053 218,251
NET CURRENT LIABILITIES (54,116 ) (47,316 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,234

69,034

CREDITORS
Amounts falling due after more than one year 8 83,087 136,459
NET LIABILITIES (20,853 ) (67,425 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 (20,953 ) (67,525 )
SHAREHOLDERS' FUNDS (20,853 ) (67,425 )

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 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.

THE PROPERTY BUYERS AGENT LTD (REGISTERED NUMBER: 07305106)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





L R Lawrence - Director


THE PROPERTY BUYERS AGENT LTD (REGISTERED NUMBER: 07305106)

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


1. STATUTORY INFORMATION

The Property Buyers Agent 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.

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
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 November 2022
and 31 October 2023 116,350
NET BOOK VALUE
At 31 October 2023 116,350
At 31 October 2022 116,350

Included in cost of investment property is freehold land of £ 116,350 (2022 - £ 116,350 ) which is not depreciated.

5. STOCKS
2023 2022
£    £   
Work-in-progress - 138,995

THE PROPERTY BUYERS AGENT LTD (REGISTERED NUMBER: 07305106)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,288 300
Other debtors 5,285 5,285
Directors' current accounts - 14,289
VAT 914 3,814
9,487 23,688

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 8,671 2,197
Other loans (see note 9) 5,000 198,000
Trade creditors - 10,387
Corporation tax 2,938 -
Other creditors 4,025 1,519
Directors' current accounts 30,029 -
Directors' loan accounts 16,390 3,768
Accrued expenses - 2,380
67,053 218,251

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 83,087 99,459
Other loans (see note 9) - 37,000
83,087 136,459

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 42,230

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 8,671 2,197
Other loans 5,000 198,000
13,671 200,197

THE PROPERTY BUYERS AGENT LTD (REGISTERED NUMBER: 07305106)

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


9. LOANS - continued
2023 2022
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years - 6,060
Bank loans more than one year 83,087 -
Other loans - 1-2 years - 37,000
83,087 43,060

Amounts falling due between two and five years:
Bank loans - 2-5 years - 51,169

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 42,230

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 5,000 235,000

Loans to the company are secured against the company's investment properties and developments.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100

12. RESERVES
Retained
earnings
£   

At 1 November 2022 (67,525 )
Profit for the year 46,572
At 31 October 2023 (20,953 )

THE PROPERTY BUYERS AGENT LTD (REGISTERED NUMBER: 07305106)

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


13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
L R Lawrence
Balance outstanding at start of year 10,521 20,075
Amounts repaid (10,521 ) (20,075 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 10,521

Interest is charged at 3% p.a. on director's advances..