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
Property Solutions PM Ltd
Company Information
for the year ended 31 October 2023
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
Property Solutions PM Ltd
Statement of financial position
as at 31 October 2023
Intangible assets
1,015
1,015
Tangible assets
34,347
29,402
Investment property
-
563,437
Cash at bank and in hand
51
51
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
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
Property Solutions PM Ltd
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
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
At 1 November 2022
2,262
-
2,262
At 31 October 2023
2,262
-
2,262
At 31 October 2023
30,385
3,962
34,347
At 31 October 2022
27,827
1,575
29,402
Fair value at 1 November 2022
563,437
Amounts falling due within one year
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).