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Registration number: 12611906

The Property Consultancy Group Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

 

The Property Consultancy Group Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

The Property Consultancy Group Limited

(Registration number: 12611906)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

15,712

14,433

Creditors: Amounts falling due within one year

4

(10,693)

(14,171)

Net assets

 

5,019

262

Capital and reserves

 

Called up share capital

100

100

Retained earnings

4,919

162

Shareholders' funds

 

5,019

262

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 October 2024 and signed on its behalf by:
 

Mr Paul Michael Johnson
Director

   
     
 

The Property Consultancy Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1 The Cam Centre
Wilbury Way
Hitchin
Hertfordshire
SG4 0TW
United Kingdom

The principal place of business is:
Office Suite G4
Cuffley Place
Sopers Road
Cuffley
EN6 4SG

These financial statements were authorised for issue by the Board on 31 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

The Property Consultancy Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of commissions received or receivable in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

The Property Consultancy Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

9,041

12,013

Taxation and social security

 

1,064

1,708

Accruals and deferred income

 

588

450

 

10,693

14,171

5

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

         

6

Dividends

2024

2023

£

£

Interim dividend of £Nil (2023 - £80.00) per ordinary share

-

8,000

 

 

7

Related party transactions

Summary of transactions with other related parties

PJohnson Holdings Limited and E Hayes Holdings Ltd.

Pjohnson Holdings Limited is an associate company owned by Paul Johnson, director.

E Hayes Holdings Ltd is an associate company owned by Emma Hayes, director.


At the balance sheet date, the company owed PJohnson Holdings Limited £5,497 (2023: £6,701) and
E Hayes Holdings Ltd £3,544 (2023: £5,312). These loans are interest free and repayable on demand.

 

 

 

The Property Consultancy Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

8

Ultimate controlling party

The ultimate controlling party is the directors, Miss Emma Hayes and Mr Paul Johnson acting in concert.