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REGISTERED NUMBER: 12346979 (England and Wales)















THE PROPERTY LADDER GROUP LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023






THE PROPERTY LADDER GROUP LTD (REGISTERED NUMBER: 12346979)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


THE PROPERTY LADDER GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Ms H L Graham
Mr D Leggett





REGISTERED OFFICE: Martells Barn Slough Lane
Ardleigh
Colchester
CO7 7RU





REGISTERED NUMBER: 12346979 (England and Wales)

THE PROPERTY LADDER GROUP LTD (REGISTERED NUMBER: 12346979)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 5,197 5,993
Tangible assets 5 8,641 14,286
13,838 20,279

CURRENT ASSETS
Debtors 6 123,684 50,658
Cash at bank and in hand 85,873 14,280
209,557 64,938
CREDITORS
Amounts falling due within one year 7 (396,354 ) (307,749 )
NET CURRENT LIABILITIES (186,797 ) (242,811 )
TOTAL ASSETS LESS CURRENT LIABILITIES (172,959 ) (222,532 )

PROVISIONS FOR LIABILITIES - (4,484 )
NET LIABILITIES (172,959 ) (227,016 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (172,961 ) (227,018 )
(172,959 ) (227,016 )

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.

THE PROPERTY LADDER GROUP LTD (REGISTERED NUMBER: 12346979)

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 26 September 2024 and were signed on its behalf by:





Ms H L Graham - Director


THE PROPERTY LADDER GROUP LTD (REGISTERED NUMBER: 12346979)

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


1. STATUTORY INFORMATION

The Property Ladder Group 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.

The presentation currency of the financial statements is the Pound Sterling (£) and the financial statements are rounded to the nearest Pound.

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.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Financial instruments
Basic financial instruments are measured at amortised cost.

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.

THE PROPERTY LADDER GROUP LTD (REGISTERED NUMBER: 12346979)

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


2. ACCOUNTING POLICIES - continued

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 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 7,951
AMORTISATION
At 1 January 2023 1,958
Charge for year 796
At 31 December 2023 2,754
NET BOOK VALUE
At 31 December 2023 5,197
At 31 December 2022 5,993

THE PROPERTY LADDER GROUP LTD (REGISTERED NUMBER: 12346979)

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


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 10,779 24,717 35,496
Additions 208 2,850 3,058
At 31 December 2023 10,987 27,567 38,554
DEPRECIATION
At 1 January 2023 6,554 14,656 21,210
Charge for year 2,709 5,994 8,703
At 31 December 2023 9,263 20,650 29,913
NET BOOK VALUE
At 31 December 2023 1,724 6,917 8,641
At 31 December 2022 4,225 10,061 14,286

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 84,990 49,545
Other debtors 38,694 1,113
123,684 50,658

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 184,151 137,411
Amounts due to related undertakings 22,854 -
Taxation and social security 27,342 10,494
Other creditors 162,007 159,844
396,354 307,749

THE PROPERTY LADDER GROUP LTD (REGISTERED NUMBER: 12346979)

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


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 24,000 24,000
Between one and five years 16,000 40,000
40,000 64,000