IRIS Accounts Production v24.2.0.383 SC491444 director 1.12.22 30.11.23 30.11.23 false true false false true false ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4914442022-11-30SC4914442023-11-30SC4914442022-12-012023-11-30SC4914442021-11-30SC4914442021-12-012022-11-30SC4914442022-11-30SC491444ns15:Scotland2022-12-012023-11-30SC491444ns14:PoundSterling2022-12-012023-11-30SC491444ns10:Director12022-12-012023-11-30SC491444ns10:PrivateLimitedCompanyLtd2022-12-012023-11-30SC491444ns10:SmallEntities2022-12-012023-11-30SC491444ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-30SC491444ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-30SC491444ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-30SC491444ns10:AbridgedAccounts2022-12-012023-11-30SC491444ns10:OrdinaryShareClass12022-12-012023-11-30SC491444ns10:RegisteredOffice2022-12-012023-11-30SC491444ns5:CurrentFinancialInstruments2023-11-30SC491444ns5:CurrentFinancialInstruments2022-11-30SC491444ns5:ShareCapital2023-11-30SC491444ns5:ShareCapital2022-11-30SC491444ns5:RetainedEarningsAccumulatedLosses2023-11-30SC491444ns5:RetainedEarningsAccumulatedLosses2022-11-30SC491444ns5:DeferredTaxation2022-11-30SC491444ns5:DeferredTaxation2022-12-012023-11-30SC491444ns5:DeferredTaxation2023-11-30SC491444ns10:OrdinaryShareClass12023-11-30SC4914441ns10:Director12022-11-30SC4914441ns10:Director12021-11-30SC4914441ns10:Director12022-12-012023-11-30SC4914441ns10:Director12021-12-012022-11-30SC4914441ns10:Director12023-11-30SC4914441ns10:Director12022-11-30
REGISTERED NUMBER: SC491444 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

PROPERTY REHAB LTD

PROPERTY REHAB LTD (REGISTERED NUMBER: SC491444)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PROPERTY REHAB LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: P O'Hare





REGISTERED OFFICE: 4 Rowan Crescent
Lenzie
Glasgow
G66 4RE





REGISTERED NUMBER: SC491444 (Scotland)





ACCOUNTANTS: D S Anderson
Chartered Accountant
DS Anderson & Co
62 Townhead
Kirkintilloch
Glasgow
G66 1NZ

PROPERTY REHAB LTD (REGISTERED NUMBER: SC491444)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 700 935

CURRENT ASSETS
Debtors - 160
Cash at bank 30,061 44,060
30,061 44,220
CREDITORS
Amounts falling due within one year (423 ) (11,958 )
NET CURRENT ASSETS 29,638 32,262
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,338

33,197

PROVISIONS FOR LIABILITIES 5 - (6 )
NET ASSETS 30,338 33,191

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 30,337 33,190
SHAREHOLDERS' FUNDS 30,338 33,191

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 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 REHAB LTD (REGISTERED NUMBER: SC491444)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 August 2024 and were signed by:





P O'Hare - Director


PROPERTY REHAB LTD (REGISTERED NUMBER: SC491444)

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


1. STATUTORY INFORMATION

Property Rehab Ltd is a private company, limited by shares , registered in Scotland. 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.

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

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:-

Tools & Equipment-25% R.B.
Computer Hardware/Software.25% S.L
The assets residual values, useful lives and depreciation methods are reviewed annually and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable , payable.


PROPERTY REHAB LTD (REGISTERED NUMBER: SC491444)

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


2. ACCOUNTING POLICIES - continued
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.

Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Profit and Loss account in the year that the company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Stocks & work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value. Property purchased for refurbishment is included at cost and renovation/upgrade costs include all purchases, transport and handling costs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

PROPERTY REHAB LTD (REGISTERED NUMBER: SC491444)

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


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 4,749
DEPRECIATION
At 1 December 2022 3,814
Charge for year 235
At 30 November 2023 4,049
NET BOOK VALUE
At 30 November 2023 700
At 30 November 2022 935

5. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax - 6

Deferred
tax
£   
Balance at 1 December 2022 6
Credit to Income Statement during year (6 )
Balance at 30 November 2023 -

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1 ordinary £1 1 1

PROPERTY REHAB LTD (REGISTERED NUMBER: SC491444)

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


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:

30.11.23 30.11.22
£    £   
P O'Hare
Balance outstanding at start of year (11,430 ) (11,430 )
Amounts advanced 11,400 -
Amounts repaid 161 -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 131 (11,430 )