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REGISTERED NUMBER: 08776076















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Michaels Property Consultants Limited

Michaels Property Consultants Limited (Registered number: 08776076)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Michaels Property Consultants Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M C Simpson
M J Rayner
S M H Weir





SECRETARY:





REGISTERED OFFICE: Rebow House
62 Head Street
Colchester
Essex
CO1 1PB





REGISTERED NUMBER: 08776076





ACCOUNTANTS: RBS Accountancy Ltd
Suite 17
Cautrac Serviced Offices
Great Horkesley
Colchester
Essex
CO6 4EJ

Michaels Property Consultants Limited (Registered number: 08776076)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,892 12,108

CURRENT ASSETS
Debtors 5 81,053 185,998
Cash at bank and in hand 1,845 2,333
82,898 188,331
CREDITORS
Amounts falling due within one year 6 67,692 77,384
NET CURRENT ASSETS 15,206 110,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,098

123,055

CREDITORS
Amounts falling due after more than one
year

7

38,804

40,686
NET (LIABILITIES)/ASSETS (12,706 ) 82,369

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (12,806 ) 82,269
SHAREHOLDERS' FUNDS (12,706 ) 82,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Michaels Property Consultants Limited (Registered number: 08776076)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:




M C Simpson - Director



M J Rayner - Director


Michaels Property Consultants Limited (Registered number: 08776076)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Michaels Property Consultants Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% 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 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.

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

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 year was 5 (2022 - 5 ) .

Michaels Property Consultants Limited (Registered number: 08776076)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 6,223 20,126 8,746 35,095
Additions 836 - - 836
At 31 December 2023 7,059 20,126 8,746 35,931
DEPRECIATION
At 1 January 2023 3,587 12,872 6,528 22,987
Charge for year 521 1,088 443 2,052
At 31 December 2023 4,108 13,960 6,971 25,039
NET BOOK VALUE
At 31 December 2023 2,951 6,166 1,775 10,892
At 31 December 2022 2,636 7,254 2,218 12,108

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 23,469 -

Amounts falling due after more than one year:
Amounts owed by group undertakings 57,584 185,998

Aggregate amounts 81,053 185,998

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 14,931 16,946
Taxation and social security 52,347 60,438
Other creditors 414 -
67,692 77,384

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 38,804 40,686

Michaels Property Consultants Limited (Registered number: 08776076)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 38,804 40,686

Michaels Property Consultants Limited

Report of the Accountants to the Directors of
Michaels Property Consultants Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages one to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






RBS Accountancy Ltd
Suite 17
Cautrac Serviced Offices
Great Horkesley
Colchester
Essex
CO6 4EJ


18 September 2024