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REGISTERED NUMBER: 12661906 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2024

for

THE PROPERTY PAIR LTD

THE PROPERTY PAIR LTD (REGISTERED NUMBER: 12661906)

Contents of the Financial Statements
for the Year Ended 31st May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE PROPERTY PAIR LTD

Company Information
for the Year Ended 31st May 2024







DIRECTORS: Mrs K J Richardson
Mr E A Richardson





REGISTERED OFFICE: 21 Church Street
Hobury
Wakefield
West Yorkshire
WF4 6LT





REGISTERED NUMBER: 12661906 (England and Wales)





ACCOUNTANTS: Harrison Blakeley Accountancy Limited
21 Church Street
Horbury
Wakefield
West Yorkshire
WF4 6LT

THE PROPERTY PAIR LTD (REGISTERED NUMBER: 12661906)

Balance Sheet
31st May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,485,000 1,155,563

CURRENT ASSETS
Debtors 5 8,862 4,710
Cash at bank 47,965 31,955
56,827 36,665
CREDITORS
Amounts falling due within one year 6 242,711 431,907
NET CURRENT LIABILITIES (185,884 ) (395,242 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,299,116

760,321

CREDITORS
Amounts falling due after more than one
year

7

1,026,212

615,763
NET ASSETS 272,904 144,558

CAPITAL AND RESERVES
Called up share capital 10 10
Revaluation reserve 8 394,387 235,707
Retained earnings (121,493 ) (91,159 )
272,904 144,558

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 PROPERTY PAIR LTD (REGISTERED NUMBER: 12661906)

Balance Sheet - continued
31st May 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 July 2024 and were signed on its behalf by:





Mr E A Richardson - Director


THE PROPERTY PAIR LTD (REGISTERED NUMBER: 12661906)

Notes to the Financial Statements
for the Year Ended 31st May 2024


1. STATUTORY INFORMATION

The Property Pair Ltd 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st June 2023 1,155,563
Additions 170,758
Revaluations 158,679
At 31st May 2024 1,485,000
NET BOOK VALUE
At 31st May 2024 1,485,000
At 31st May 2023 1,155,563

Fair value at 31st May 2024 is represented by:
£   
Valuation in 2022 159,892
Valuation in 2023 75,815
Valuation in 2024 158,680
Cost 1,090,613
1,485,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Other debtors 6,718 4,710
Prepayments 2,144 -
8,862 4,710

THE PROPERTY PAIR LTD (REGISTERED NUMBER: 12661906)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts - 70,500
Other creditors 166,450 245,239
Directors' current accounts 75,552 115,737
Accrued expenses 709 431
242,711 431,907

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Other loans - 1-2 years 1,668 -
Other loans - 2-5 years 1,386 -
Mortgages 1,023,158 615,763
1,026,212 615,763

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgages 1,023,158 615,763

8. RESERVES
Revaluation
reserve
£   
At 1st June 2023 235,707
Revaluation in year 158,680

At 31st May 2024 394,387