2022-10-01 08688780 2023-09-30 08688780 2022-10-01 2023-09-30 08688780 2022-09-30 08688780 2021-10-01 2022-09-30 08688780 uk-core:WithinOneYear 2022-09-30 08688780 uk-core:WithinOneYear 2023-09-30 08688780 uk-core:AfterOneYear 2022-09-30 08688780 uk-core:AfterOneYear 2023-09-30 08688780 uk-core:ShareCapital 2023-09-30 08688780 uk-core:ShareCapital 2022-09-30 08688780 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 08688780 uk-core:RetainedEarningsAccumulatedLosses 2022-09-30 08688780 uk-bus:Director1 2022-10-01 2023-09-30 08688780 uk-core:LandBuildings 2022-10-01 2023-09-30 08688780 uk-core:PlantMachinery 2022-10-01 2023-09-30 08688780 uk-core:ComputerEquipment 2022-10-01 2023-09-30 08688780 uk-core:CommercialMotorVehicles 2022-10-01 2023-09-30 08688780 uk-core:ComputerEquipment 2022-09-30 08688780 uk-core:CommercialMotorVehicles 2022-09-30 08688780 uk-core:PlantMachinery 2022-09-30 08688780 uk-core:LandBuildings 2022-09-30 08688780 uk-core:PlantMachinery 2023-09-30 08688780 uk-core:CommercialMotorVehicles 2023-09-30 08688780 uk-core:ComputerEquipment 2023-09-30 08688780 uk-core:LandBuildings 2023-09-30 08688780 uk-core:WithinOneYear 2023-09-30 08688780 uk-core:WithinOneYear 2022-09-30 iso4217:GBP xbrli:pure 08688780 uk-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 08688780 uk-bus:FRS102 2022-10-01 2023-09-30 08688780 uk-bus:FilletedAccounts 2022-10-01 2023-09-30 08688780 uk-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30
Property Renovators (Uk) Limited
Registered Number:08688780
For the year ended 30 September 2023
England and Wales
Unaudited Financial Statements
2
Registered Number :
08688780
As at 30 September 2023
Property Renovators (Uk) Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
768,848
179,590
2
768,848
179,590
Current assets
Inventories
294,824
116,260
3
Trade and other receivables
14,264
13,930
4
336,041
Cash and cash equivalents
261,383
391,573
645,129
Trade and other payables: amounts falling due within one
year
(87,282)
(81,999)
5
557,847
309,574
Net current assets
Total assets less current liabilities
1,078,422
737,437
Trade and other payables: amounts falling due after more
than one year
(479,185)
(678,029)
6
400,393
Net assets
258,252
Capital and reserves
Called up share capital
10
10
Retained earnings
400,383
258,242
400,393
258,252
Shareholders' funds
For the year ended 30 September 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Paul Michael Lockwood Director
These financial statements were approved and authorised for issue by the Board on 10 October 2024 and were signed by:
The notes form part of these financial statements
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For the year ended 30 September 2023
Property Renovators (Uk) Limited
Notes to the Financial Statements
Statutory Information
Property Renovators (Uk) Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 08688780.
Registered address:
Andrew Carr Farm Oughtibridge Lane
Grenoside
Sheffield
South Yorkshire
S35 8QD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
2 % Per annum on cost
Plant and machinery
20 % Reducing balance
33 1/3 % Straight line
Computer equipment
25 % Reducing balance
Motor vehicles
The company''s freehold properties are revalued in full every five years. Interim valuations are carried out when it is
likely that there has been a material change in value.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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4
For the year ended 30 September 2023
Property Renovators (Uk) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 October 2022
283,661
-
129,647
47,014
107,000
692,637
1,258
77,355
57,994
556,030
Additions
-
(64,686)
(35,501)
-
Disposals
(100,187)
At 30 September 2023
69,507
142,316
1,258
876,111
663,030
Provision for depreciation and impairment
At 01 October 2022
104,071
-
87,732
12,059
4,280
Charge for year
50,217
419
23,627
12,910
13,261
(47,025)
-
(39,924)
(7,101)
-
On disposal
At 30 September 2023
107,263
419
71,435
17,868
17,541
At 30 September 2023
Net book value
645,489
51,639
70,881
839
768,848
At 30 September 2022
102,720
34,955
41,915
-
179,590
3. Inventories
2022
2023
£
£
Stocks
116,260
294,824
4. Trade and other receivables
2022
2023
£
£
Trade debtors
-
2,069
Other debtors
13,930
12,195
14,264
13,930
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For the year ended 30 September 2023
Property Renovators (Uk) Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
30,000
40,000
Trade creditors
2,011
17,285
Taxation and social security
5,228
-
Other creditors
44,760
29,997
81,999
87,282
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
678,029
479,185
7. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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