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REGISTERED NUMBER: 06429841 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

WE LOVE PROPERTY LIMITED

WE LOVE PROPERTY LIMITED (REGISTERED NUMBER: 06429841)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

WE LOVE PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: A Burlington





REGISTERED OFFICE: 267 London Road
St Leonards on Sea
East Sussex
TN37 6NB





REGISTERED NUMBER: 06429841 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

WE LOVE PROPERTY LIMITED (REGISTERED NUMBER: 06429841)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,284 21,597

CURRENT ASSETS
Debtors 5 6,250 5,178
Cash at bank and in hand 6,274 2,774
12,524 7,952
CREDITORS
Amounts falling due within one year 6 60,967 45,861
NET CURRENT LIABILITIES (48,443 ) (37,909 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(37,159

)

(16,312

)

CREDITORS
Amounts falling due after more than one
year

7

(11,220

)

(21,430

)

PROVISIONS FOR LIABILITIES (2,144 ) (4,103 )
NET LIABILITIES (50,523 ) (41,845 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (50,623 ) (41,945 )
SHAREHOLDERS' FUNDS (50,523 ) (41,845 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 January 2025 and were signed by:




A Burlington - Director


WE LOVE PROPERTY LIMITED (REGISTERED NUMBER: 06429841)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

We Love Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The director has made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 48,474 6,866 2,256 57,596
Disposals - - (755 ) (755 )
At 30 April 2024 48,474 6,866 1,501 56,841
DEPRECIATION
At 1 May 2023 29,084 5,497 1,418 35,999
Charge for year 9,695 206 412 10,313
Eliminated on disposal - - (755 ) (755 )
At 30 April 2024 38,779 5,703 1,075 45,557
NET BOOK VALUE
At 30 April 2024 9,695 1,163 426 11,284
At 30 April 2023 19,390 1,369 838 21,597

WE LOVE PROPERTY LIMITED (REGISTERED NUMBER: 06429841)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 750 678
Amounts recoverable on contract 4,500 4,500
Other debtors 1,000 -
6,250 5,178

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 11,752 17,286
Trade creditors 71 100
Tax 5,161 3,651
Social security and other taxes (444 ) 1,109
VAT 5,835 2,771
Directors' current accounts 36,196 18,459
Accrued expenses 2,396 2,485
60,967 45,861

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 10,742 11,478
Bank loans - 2-5 years 478 9,952
11,220 21,430

8. RELATED PARTY DISCLOSURES

As at the balance sheet date the director was owed £36,196 (2023 - £18,459).

There are no terms are attached to this loan and is repayable upon demand.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WE LOVE PROPERTY LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of We Love Property Limited for the year ended 30 April 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of We Love Property Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of We Love Property Limited and state those matters that we have agreed to state to the director of We Love Property Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than We Love Property Limited and its director for our work or for this report.

It is your duty to ensure that We Love Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of We Love Property Limited. You consider that We Love Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of We Love Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


13 January 2025