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Company Registration No. 11002729 (England and Wales)
Property Solutions PM Ltd Unaudited accounts for the year ended 31 October 2023
Property Solutions PM Ltd Unaudited accounts Contents
Page
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Property Solutions PM Ltd Company Information for the year ended 31 October 2023
Director
A B Dass
Company Number
11002729 (England and Wales)
Registered Office
61 Bridge Street Kington HR5 3DJ England
Accountants
O'Meara Fitzmaurice & Co Brimstage Hall Brimstage Road Wirral CH63 6JA
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Property Solutions PM Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,015 
1,015 
Tangible assets
34,347 
29,402 
Investment property
- 
563,437 
35,362 
593,854 
Current assets
Debtors
15,981 
223,174 
Cash at bank and in hand
51 
51 
16,032 
223,225 
Creditors: amounts falling due within one year
(89,469)
(787,294)
Net current liabilities
(73,437)
(564,069)
Net (liabilities)/assets
(38,075)
29,785 
Capital and reserves
Called up share capital
1 
1 
Share premium
40,000 
40,000 
Profit and loss account
(78,076)
(10,216)
Shareholders' funds
(38,075)
29,785 
For the year ending 31 October 2023 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2024 and were signed on its behalf by
A B Dass Director Company Registration No. 11002729
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Property Solutions PM Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Property Solutions PM Ltd is a private company, limited by shares, registered in England and Wales, registration number 11002729. The registered office is 61 Bridge Street, Kington, HR5 3DJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2022
1,015 
At 31 October 2023
1,015 
Amortisation
At 1 November 2022
- 
At 31 October 2023
- 
Net book value
At 31 October 2023
1,015 
At 31 October 2022
1,015 
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Property Solutions PM Ltd Notes to the Accounts for the year ended 31 October 2023
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
30,089 
1,575 
31,664 
Additions
2,558 
2,387 
4,945 
At 31 October 2023
32,647 
3,962 
36,609 
Depreciation
At 1 November 2022
2,262 
- 
2,262 
At 31 October 2023
2,262 
- 
2,262 
Net book value
At 31 October 2023
30,385 
3,962 
34,347 
At 31 October 2022
27,827 
1,575 
29,402 
6
Investment property
2023 
£ 
Fair value at 1 November 2022
563,437 
Disposals
(563,437)
At 31 October 2023
- 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,981 
- 
Other debtors
- 
223,174 
15,981 
223,174 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
89,469 
787,294 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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