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REGISTERED NUMBER: 06767305 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

PROPERTY SHOP (NW) LIMITED

PROPERTY SHOP (NW) LIMITED (REGISTERED NUMBER: 06767305)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROPERTY SHOP (NW) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: S Chippendale
J P Allen





REGISTERED OFFICE: Abacus House
450 Warrington Road
Culcheth
Warrington
Cheshire
WA3 5QX





REGISTERED NUMBER: 06767305 (England and Wales)





ACCOUNTANTS: Hunter Healey Limited
Abacus House
450 Warrington Road
Culcheth
Warrington
Cheshire
WA3 5QX

PROPERTY SHOP (NW) LIMITED (REGISTERED NUMBER: 06767305)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,005 82,070

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 167,940 190,870
Cash at bank and in hand 64,123 28,898
233,063 220,768
CREDITORS
Amounts falling due within one year 6 312,500 258,415
NET CURRENT LIABILITIES (79,437 ) (37,647 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,568

44,423

CREDITORS
Amounts falling due after more than
one year

7

2,039

24,384
NET ASSETS 529 20,039

PROPERTY SHOP (NW) LIMITED (REGISTERED NUMBER: 06767305)

BALANCE SHEET - continued
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 229 19,739
SHAREHOLDERS' FUNDS 529 20,039

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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 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 25th September 2024 and were signed on its behalf by:





S Chippendale - Director


PROPERTY SHOP (NW) LIMITED (REGISTERED NUMBER: 06767305)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Property Shop (Nw) 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.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 22 (2023 - 14 ) .

PROPERTY SHOP (NW) LIMITED (REGISTERED NUMBER: 06767305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 76,020 29,094 5,500 15,983 126,597
Additions - 1,695 - 1,884 3,579
At 31st March 2024 76,020 30,789 5,500 17,867 130,176
DEPRECIATION
At 1st April 2023 - 28,800 1,375 14,352 44,527
Charge for year - 717 1,031 1,896 3,644
At 31st March 2024 - 29,517 2,406 16,248 48,171
NET BOOK VALUE
At 31st March 2024 76,020 1,272 3,094 1,619 82,005
At 31st March 2023 76,020 294 4,125 1,631 82,070

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 760 -
Other debtors 167,180 190,870
167,940 190,870

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,222 22,222
Trade creditors 12,991 14,025
Taxation and social security 68,025 25,172
Other creditors 209,262 196,996
312,500 258,415

PROPERTY SHOP (NW) LIMITED (REGISTERED NUMBER: 06767305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2024 2023
£    £   
Other creditors 2,039 24,384