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REGISTERED NUMBER: 04908035 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

PROPERTY SHOP (ACCRINGTON) LIMITED

PROPERTY SHOP (ACCRINGTON) LIMITED (REGISTERED NUMBER: 04908035)






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 (ACCRINGTON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: S Chippendale
J P Allen





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





REGISTERED NUMBER: 04908035 (England and Wales)





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

PROPERTY SHOP (ACCRINGTON) LIMITED (REGISTERED NUMBER: 04908035)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 689,708 689,604

CURRENT ASSETS
Debtors 5 142,794 163,794

CREDITORS
Amounts falling due within one year 6 103,001 117,374
NET CURRENT ASSETS 39,793 46,420
TOTAL ASSETS LESS CURRENT
LIABILITIES

729,501

736,024

CREDITORS
Amounts falling due after more than
one year

7

631,524

631,524
NET ASSETS 97,977 104,500

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 97,694 97,694
Retained earnings 183 6,706
SHAREHOLDERS' FUNDS 97,977 104,500

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.

PROPERTY SHOP (ACCRINGTON) LIMITED (REGISTERED NUMBER: 04908035)

BALANCE SHEET - continued
31ST MARCH 2024


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 (ACCRINGTON) LIMITED (REGISTERED NUMBER: 04908035)

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

1. STATUTORY INFORMATION

Property Shop (Accrington) 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 as modified by the revaluation of certain assets.

Tangible fixed assets
No depreciation is provided on the property as, in the opinion of the directors, the property is maintained to a high standard and therefore the market value exceeds the historical cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
Property property fittings Totals
£    £    £    £   
COST OR VALUATION
At 1st April 2023 639,655 49,949 4,973 694,577
Additions - 104 - 104
At 31st March 2024 639,655 50,053 4,973 694,681
DEPRECIATION
At 1st April 2023
and 31st March 2024 - - 4,973 4,973
NET BOOK VALUE
At 31st March 2024 639,655 50,053 - 689,708
At 31st March 2023 639,655 49,949 - 689,604

PROPERTY SHOP (ACCRINGTON) LIMITED (REGISTERED NUMBER: 04908035)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31st March 2024 is represented by:

Improvements Fixtures
to and
Property property fittings Totals
£    £    £    £   
Valuation in 2008 639,655 - - 639,655
Cost - 50,053 4,973 55,026
639,655 50,053 4,973 694,681

If Long leasehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 541,961 541,961

Long leasehold property was valued on an open market basis on 31st March 2008 by the director S Chippendale .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Other debtors 142,794 163,794

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,637 16,590
Taxation and social security - 2,420
Other creditors 101,364 98,364
103,001 117,374

PROPERTY SHOP (ACCRINGTON) LIMITED (REGISTERED NUMBER: 04908035)

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
£    £   
Bank loans 631,524 631,524

Amounts falling due in more than five years:

Repayable by instalments
Mortgages >5yrs by instalment 631,524 631,524

8. RESERVES
Revaluation
reserve
£   
At 1st April 2023
and 31st March 2024 97,694