REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st May 2024 |
for |
THE PROPERTY PAIR LTD |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 8 |
Retained earnings | ( |
) | ( |
) |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Additions |
Revaluations | 158,679 |
At 31st May 2024 |
NET BOOK VALUE |
At 31st May 2024 |
At 31st May 2023 |
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 |
Prepayments |
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 |
Other creditors |
Directors' current accounts | 75,552 | 115,737 |
Accrued expenses |
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 |
Mortgages | 1,023,158 | 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 |
Revaluation in year |
At 31st May 2024 |