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REGISTERED NUMBER: 02775599 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

PROPERTY WORLD PUBLICATIONS LIMITED

PROPERTY WORLD PUBLICATIONS LIMITED (REGISTERED NUMBER: 02775599)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROPERTY WORLD PUBLICATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Jayne Gregson





SECRETARY: Katherine Anne Fare





REGISTERED OFFICE: 5 Preston Street
Kirkham
Preston
Lancashire
PR4 2YA





REGISTERED NUMBER: 02775599 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

PROPERTY WORLD PUBLICATIONS LIMITED (REGISTERED NUMBER: 02775599)

BALANCE SHEET
31 JANUARY 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 28,576 54,031
Tangible assets 5 85,785 135,592
114,361 189,623

CURRENT ASSETS
Stocks 4,795 9,553
Debtors 6 139,040 123,765
Cash at bank and in hand 52,094 80,952
195,929 214,270
CREDITORS
Amounts falling due within one year 7 47,864 63,002
NET CURRENT ASSETS 148,065 151,268
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,426

340,891

PROVISIONS FOR LIABILITIES 20,645 21,000
NET ASSETS 241,781 319,891

CAPITAL AND RESERVES
Called up share capital 9,051 18,103
Capital redemption reserve 9,052 -
Retained earnings 223,678 301,788
SHAREHOLDERS' FUNDS 241,781 319,891

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 WORLD PUBLICATIONS LIMITED (REGISTERED NUMBER: 02775599)

BALANCE SHEET - continued
31 JANUARY 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 director and authorised for issue on 8 July 2024 and were signed by:





Jayne Gregson - Director


PROPERTY WORLD PUBLICATIONS LIMITED (REGISTERED NUMBER: 02775599)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Property World Publications 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 25% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

PROPERTY WORLD PUBLICATIONS LIMITED (REGISTERED NUMBER: 02775599)

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

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.

Going concern
The director believes that the company has sufficient trade and financial resources to continue in operational existence for the foreseeable future. Thus, the going concern basis of accounting in preparing the annual financial statements has been adopted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Development Computer
costs software Totals
£    £    £   
COST
At 1 February 2023 37,387 113,102 150,489
Additions - 19,066 19,066
At 31 January 2024 37,387 132,168 169,555
AMORTISATION
At 1 February 2023 37,387 59,071 96,458
Amortisation for year - 44,521 44,521
At 31 January 2024 37,387 103,592 140,979
NET BOOK VALUE
At 31 January 2024 - 28,576 28,576
At 31 January 2023 - 54,031 54,031

PROPERTY WORLD PUBLICATIONS LIMITED (REGISTERED NUMBER: 02775599)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 February 2023 10,290 1,336,285 8,394
Additions - 439 -
Disposals - (468,096 ) -
At 31 January 2024 10,290 868,628 8,394
DEPRECIATION
At 1 February 2023 10,267 1,217,967 7,855
Charge for year 4 14,033 135
Eliminated on disposal - (442,984 ) -
At 31 January 2024 10,271 789,016 7,990
NET BOOK VALUE
At 31 January 2024 19 79,612 404
At 31 January 2023 23 118,318 539

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 29,506 62,175 1,446,650
Additions - - 439
Disposals (24,506 ) - (492,602 )
At 31 January 2024 5,000 62,175 954,487
DEPRECIATION
At 1 February 2023 19,919 55,050 1,311,058
Charge for year 512 1,781 16,465
Eliminated on disposal (15,837 ) - (458,821 )
At 31 January 2024 4,594 56,831 868,702
NET BOOK VALUE
At 31 January 2024 406 5,344 85,785
At 31 January 2023 9,587 7,125 135,592

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 102,660 91,479
Other debtors 1,050 1,050
VAT 12,122 10,757
Accrued Income 11,769 4,834
Prepayments 11,439 15,645
139,040 123,765

PROPERTY WORLD PUBLICATIONS LIMITED (REGISTERED NUMBER: 02775599)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade creditors 27,241 37,437
Tax 5,920 2,871
Social security and other taxes 9,664 5,294
Directors' current accounts 798 13,962
Accrued expenses 4,241 3,438
47,864 63,002