1 July 2023 v2025.12.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP126513832023-07-012024-06-30126513832024-06-30126513832023-06-3012651383core:WithinOneYear2024-06-3012651383core:WithinOneYear2023-06-3012651383core:AfterOneYear2024-06-3012651383core:AfterOneYear2023-06-3012651383core:ShareCapital2024-06-3012651383core:ShareCapital2023-06-3012651383core:OtherReservesSubtotal2024-06-3012651383core:RetainedEarningsAccumulatedLosses2024-06-3012651383core:RetainedEarningsAccumulatedLosses2023-06-3012651383bus:Director12023-07-012024-06-3012651383bus:RegisteredOffice2023-07-012024-06-3012651383core:FurnitureFittings2023-07-012024-06-30126513832022-07-012023-06-3012651383core:LandBuildings2023-07-0112651383core:PlantMachinery2023-07-01126513832023-07-0112651383core:LandBuildings2023-07-012024-06-3012651383core:LandBuildings2024-06-3012651383core:PlantMachinery2024-06-3012651383core:PlantMachinery2023-07-012024-06-3012651383core:LandBuildings2023-06-3012651383core:PlantMachinery2023-06-3012651383core:BetweenOneFiveYears2024-06-3012651383core:BetweenOneFiveYears2023-06-3012651383core:MoreThanFiveYears2024-06-3012651383core:MoreThanFiveYears2023-06-301265138312023-07-012024-06-3012651383countries:EnglandWales2023-07-012024-06-3012651383bus:AuditExemptWithAccountantsReport2023-07-012024-06-3012651383bus:PrivateLimitedCompanyLtd2023-07-012024-06-3012651383bus:SmallEntities2023-07-012024-06-3012651383bus:FullAccounts2023-07-012024-06-30
Company registration number:
12651383
Get In Properties Ltd
Unaudited Filleted Financial Statements for the year ended
30 June 2024
Get In Properties Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Get In Properties Ltd
Year ended
30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Get In Properties Ltd
for the year ended
30 June 2024
which comprise the income statement, statement of total comprehensive income, statement of financial position, statement of changes in equity and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
Get In Properties Ltd
, as a body, in accordance with the terms of our engagement letter dated 10 December 2020. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Get In Properties Ltd
and state those matters that we have agreed to state to the Board of Directors of
Get In Properties Ltd
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Get In Properties Ltd
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Get In Properties Ltd
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
Get In Properties Ltd
. You consider that
Get In Properties Ltd
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 Get In Properties Ltd. 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.
Fitton & Co
Chartered Certified Accountants
Callis Mill
Woodland View
Hebden Bridge
West Yorkshire
HX7 6PJ
United Kingdom
Date:
17 February 2025
Get In Properties Ltd
Statement of Financial Position
30 June 2024
20242023
Note££
Fixed assets    
Tangible assets 5
129,924
 
119,082
 
Current assets    
Debtors 6
141
 
118
 
Cash at bank and in hand
445
 
522
 
586
 
640
 
Creditors: amounts falling due within one year 7
(50,344
)
(48,568
)
Net current liabilities
(49,758
)
(47,928
)
Total assets less current liabilities 80,166   71,154  
Creditors: amounts falling due after more than one year 8
(75,661
)
(78,400
)
Net assets/(liabilities)
4,505
 
(7,246
)
Capital and reserves    
Called up share capital
2
 
2
 
Other reserves
11,000
  -  
Profit and loss account
(6,497
)
(7,248
)
Shareholders funds/(deficit)
4,505
 
(7,246
)
For the year ending
30 June 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
17 February 2025
, and are signed on behalf of the board by:
Dr S Gough
Director
Company registration number:
12651383
Get In Properties Ltd
Notes to the Financial Statements
Year ended
30 June 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
4 Glencoe
,
Halifax
,
HX3 7PG
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
20% straight line

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost or valuation      
At
1 July 2023
118,558
 
781
 
119,339
 
Revaluations
11,000
  -  
11,000
 
At
30 June 2024
129,558
 
781
 
130,339
 
Depreciation      
At
1 July 2023
-  
257
 
257
 
Charge -  
158
 
158
 
At
30 June 2024
-  
415
 
415
 
Carrying amount      
At
30 June 2024
129,558
 
366
 
129,924
 
At 30 June 2023
118,558
 
524
 
119,082
 
The directors consider the fair value of the property to be the same as the original cost, so therefore no depreciation has been provided.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:
Land and buildingsLand and buildings
20242023
££
Aggregate historical cost 129,558   118,558  
Carrying amount 129,558   118,558  

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
2024
£
Carrying amount at
1 July 2023
118,558.00
 
Fair value adjustments
11,000
 
Carrying amount at
30 June 2024
129,558
 

6 Debtors

20242023
££
Other debtors
141
 
118
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
2,740
 
2,637
 
Other creditors
47,604
 
45,931
 
50,344
 
48,568
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
75,661
 
78,400
 
Bank loans outstanding at the year-end include instalments due after more than five years of £60,271 (2023: £66,782).
The bank loan is secured by a fixed charge over the company's assets.

9 Operating leases

The company as lessee    
20242023
££
Not later than 1 year
2,740.00
 
2,637.00
 
Later than 1 year and not later than 5 years
15,390.00
 
14,811.00
 
Later than 5 years
60,271
 
63,589.00
 
78,401
 
81,037