RESTORE PROPERTIES LTD

Company Registration Number:
14866444 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 12 May 2023

End date: 31 May 2024

RESTORE PROPERTIES LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

RESTORE PROPERTIES LTD

Company Information

for the Period Ended 31 May 2024




Director: Garth Rowan Mundy
Ann Sanderson Mundy
Registered office: 23
Wilbraham Road
Acton
Nantwich
England
CW5 8LQ
Company Registration Number: 14866444 (England and Wales)

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Directors' Report Period Ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Principal Activities

The Company owns one property that is leased to an independent third party.

Political and charitable donations

The Company made no political or charitable donations during the current or preceding year.

Directors

The director(s) shown below were appointed to the company during the period
Garth Rowan Mundy
13 May 2023
Ann Sanderson Mundy
13 May 2023

This report was approved by the board of directors on 28 October 2024
And Signed On Behalf Of The Board By:

Name: Ann Sanderson Mundy
Status: Director

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Profit and Loss Account

for the Period Ended 31 May 2024


Notes
13 months to
31 May 2024
£
Gross Profit or (Loss) 4,750
Income from coronavirus (COVID-19) business support grants 0
Distribution Costs ( 0 )
Administrative Expenses ( 4,676 )
Operating Profit or (Loss) 74
Interest Receivable and Similar Income 0
Interest Payable and Similar Charges ( 0 )
Profit or (Loss) Before Tax 74
Tax on Profit ( 14 )
Profit or (Loss) for Period 60

The notes form part of these financial statements

RESTORE PROPERTIES LTD

Balance sheet

As at 31 May 2024


Notes
13 months to
31 May 2024
£
Fixed assets
Intangible assets: 4 0
Tangible assets: 5 147,753
Total fixed assets: 147,753
Current assets
Stocks: 0
Debtors: 0
Cash at bank and in hand: 74
Total current assets: 74
Net current assets (liabilities): 74
Total assets less current liabilities: 147,827
Creditors: amounts falling due after more than one year: ( 0 )
Provision for liabilities: ( 147,667 )
Accruals and deferred income: ( 0 )
Total net assets (liabilities): 160

The notes form part of these financial statements

RESTORE PROPERTIES LTD

Balance sheet continued

As at 31 May 2024


Notes
13 months to
31 May 2024
£
Capital and reserves
Called up share capital: 100
Revaluation reserve: 6 0
Profit and loss account: 60
Shareholders funds: 160

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 28 October 2024
And Signed On Behalf Of The Board By:

Name: Ann Sanderson Mundy
Status: Director

The notes form part of these financial statements

RESTORE PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

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Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    13 months to
    31 May 2024
    Average number of employees during the period 0

    Garth Rowan Mundy as a director did earn an income from the company.

RESTORE PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 3. Off balance sheet disclosure

    No

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Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 4. Intangible assets

    Total
    Cost £
    Additions -
    Disposals -
    Revaluations -
    Transfers -
    At 31 May 2024 -
    Amortisation
    Charge for year -
    On disposals -
    Other adjustments -
    Amortisation at 31 May 2024 -
    Net book value
    Net book value at 31 May 2024 -

    Not applicable

RESTORE PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Tangible Assets

Total
Cost £
Additions 147,753
Disposals -
Revaluations -
Transfers -
At 31 May 2024 147,753
Depreciation
Charge for year -
On disposals -
Other adjustments -
At 31 May 2024 -
Net book value
At 31 May 2024 147,753

Investment property of £147,753 includes a freehold property, 4 Gainsborough Road, Crewe.
The Directors have performed an evaluation of the fair values of the investment property. The Directors have estimated the fair value to be £160,000 at the balance sheet date. There has not been a valuation performed by independent valuator at the balance sheet date.

RESTORE PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Revaluation reserve

13 months to
31 May 2024
£
Surplus or deficit after revaluation 0
Balance at 31 May 2024 0

Not applicable