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REGISTERED NUMBER: 06613430 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

PROPERTY LEGAL LIMITED

PROPERTY LEGAL LIMITED (REGISTERED NUMBER: 06613430)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PROPERTY LEGAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Ms R Fiakka





REGISTERED OFFICE: Southgate Office Village
286A Chase Road
Southgate
London
N14 6HF





REGISTERED NUMBER: 06613430 (England and Wales)





ACCOUNTANTS: ELM Partners
Chartered Certified Accountants
Southgate Office Village
286a Chase Road
Southgate
London
N14 6HF

PROPERTY LEGAL LIMITED (REGISTERED NUMBER: 06613430)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 316 372

CURRENT ASSETS
Debtors 5 7,949 7,548

CREDITORS
Amounts falling due within one year 6 16,194 16,162
NET CURRENT LIABILITIES (8,245 ) (8,614 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,929

)

(8,242

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (7,930 ) (8,243 )
SHAREHOLDERS' FUNDS (7,929 ) (8,242 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 16 August 2024 and were signed by:





Ms R Fiakka - Director


PROPERTY LEGAL LIMITED (REGISTERED NUMBER: 06613430)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Property Legal 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.

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.

The director expressed a willingness to support the company in order to meet its liabilities.

On this basis, the accounts have been prepared on a going concern basis.

Turnover
Turnover represents net invoiced provision of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 LEGAL LIMITED (REGISTERED NUMBER: 06613430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2022
and 30 November 2023 3,098
DEPRECIATION
At 1 December 2022 2,726
Charge for year 56
At 30 November 2023 2,782
NET BOOK VALUE
At 30 November 2023 316
At 30 November 2022 372

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Director's current accounts 5,983 5,683
Tax 1,966 1,865
7,949 7,548

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 6,755 6,090
Other creditors - 1,065
Accrued expenses 9,439 9,007
16,194 16,162

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Ms R Fiakka
Balance outstanding at start of year 5,683 464
Amounts advanced 300 11,434
Amounts repaid - (6,215 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,983 5,683

The loan was interest free.