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REGISTERED NUMBER: 06820116 (England and Wales)











Financial Statements

for the Year Ended 30 April 2024

for

THE PROPERTY STUDIO (BARNET) LIMITED

THE PROPERTY STUDIO (BARNET) LIMITED (REGISTERED NUMBER: 06820116)






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


THE PROPERTY STUDIO (BARNET) LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs B Gepp
Mr C A Ashcroft





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 06820116 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

THE PROPERTY STUDIO (BARNET) LIMITED (REGISTERED NUMBER: 06820116)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 161 214

CURRENT ASSETS
Debtors 5 45,533 57,945
Cash at bank and in hand 230,530 223,749
276,063 281,694
CREDITORS
Amounts falling due within one year 6 250,781 256,024
NET CURRENT ASSETS 25,282 25,670
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,443

25,884

CREDITORS
Amounts falling due after more than one year 7 14,817 17,520
NET ASSETS 10,626 8,364

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 10,426 8,164
SHAREHOLDERS' FUNDS 10,626 8,364

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





Mrs B Gepp - Director


THE PROPERTY STUDIO (BARNET) LIMITED (REGISTERED NUMBER: 06820116)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

The Property Studio (Barnet) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 11,799
DEPRECIATION
At 1 May 2023 11,585
Charge for year 53
At 30 April 2024 11,638
NET BOOK VALUE
At 30 April 2024 161
At 30 April 2023 214

THE PROPERTY STUDIO (BARNET) LIMITED (REGISTERED NUMBER: 06820116)

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 10,652 10,265
Other debtors 6,727 300
Prepayments 3,954 3,180
Accrued Income 24,200 44,200
45,533 57,945

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 2,690 2,622
Trade creditors 4,033 8,479
Tax 15,012 15,979
Pensions 176 22
VAT 10,962 10,118
Customer deposits held 217,908 218,804
250,781 256,024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 2,760 2,690
Bank loans - 2-5 years 8,713 8,493
Bank loans more 5 yr by instal 3,344 6,337
14,817 17,520

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,344 6,337

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
99 A Class Ordinary £1 99 99
100 B Class Ordinary £1 100 100
1 C Class Ordinary £1 1 1
200 200