Registration number:
Probate Property Purchasers Limited
for the Year Ended 30 April 2024
Probate Property Purchasers Limited
Contents
Company Information |
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Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
Probate Property Purchasers Limited
Company Information
Director |
B Kfir |
Registered office |
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Bankers |
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Accountants |
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Probate Property Purchasers Limited
(Registration number: 13949205)
Abridged Balance Sheet as at 30 April 2024
Note |
2024 |
2023 |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
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( |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
( |
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Shareholders' deficit |
( |
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For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his 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.
All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
Probate Property Purchasers Limited
(Registration number: 13949205)
Abridged Balance Sheet as at 30 April 2024
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Probate Property Purchasers Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024
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 abridged 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 abridged 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.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services 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.
Investment property
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Probate Property Purchasers Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024
Tangible assets |
Cost or valuation |
Depreciation |
Carrying amount |
At 30 April 2024 |
Investment properties
2024 |
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At 1 May |
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Additions |
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Fair value adjustments |
( |
At 30 April |
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The fair value of the investment properties has been arrived at on the basis of a valuation carried out at the balance sheet date by the director of the company. The valuation was made on an open market value basis by refernce to market evidence of transaction prices for similar properties.
If investment properties were stated on an histroical cost basis rather than a fair value basis, the amounts would have been as follows: £1,327,579 (2023 - £732,504). .
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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Ordinary shares of £1 each |
1 |
1 |
1 |
1 |