IRIS Accounts Production v24.3.2.46 02638798 director 28.3.23 26.3.24 26.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh026387982023-03-27026387982024-03-26026387982023-03-282024-03-26026387982022-03-27026387982022-03-282023-03-27026387982023-03-2702638798ns15:EnglandWales2023-03-282024-03-2602638798ns14:PoundSterling2023-03-282024-03-2602638798ns10:Director12023-03-282024-03-2602638798ns10:PrivateLimitedCompanyLtd2023-03-282024-03-2602638798ns10:SmallEntities2023-03-282024-03-2602638798ns10:AuditExemptWithAccountantsReport2023-03-282024-03-2602638798ns10:SmallCompaniesRegimeForDirectorsReport2023-03-282024-03-2602638798ns10:SmallCompaniesRegimeForAccounts2023-03-282024-03-2602638798ns10:FullAccounts2023-03-282024-03-2602638798ns10:OrdinaryShareClass12023-03-282024-03-2602638798ns10:RegisteredOffice2023-03-282024-03-2602638798ns5:CurrentFinancialInstruments2024-03-2602638798ns5:CurrentFinancialInstruments2023-03-2702638798ns5:Non-currentFinancialInstruments2024-03-2602638798ns5:Non-currentFinancialInstruments2023-03-2702638798ns5:ShareCapital2024-03-2602638798ns5:ShareCapital2023-03-2702638798ns5:RetainedEarningsAccumulatedLosses2024-03-2602638798ns5:RetainedEarningsAccumulatedLosses2023-03-2702638798ns5:PlantMachinery2023-03-282024-03-2602638798ns5:FurnitureFittings2023-03-282024-03-2602638798ns5:ComputerEquipment2023-03-282024-03-2602638798ns5:PlantMachinery2023-03-2702638798ns5:FurnitureFittings2023-03-2702638798ns5:ComputerEquipment2023-03-2702638798ns5:PlantMachinery2024-03-2602638798ns5:FurnitureFittings2024-03-2602638798ns5:ComputerEquipment2024-03-2602638798ns5:PlantMachinery2023-03-2702638798ns5:FurnitureFittings2023-03-2702638798ns5:ComputerEquipment2023-03-2702638798ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-2602638798ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-2702638798ns10:OrdinaryShareClass12024-03-2602638798ns5:RetainedEarningsAccumulatedLosses2023-03-2702638798ns5:RetainedEarningsAccumulatedLosses2023-03-282024-03-26
REGISTERED NUMBER: 02638798 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD 28 MARCH 2023 TO 26 MARCH 2024

FOR

EXPERIENCE PROPERTY CONSULTANTS LIMITED

EXPERIENCE PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 02638798)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 28 MARCH 2023 TO 26 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Accountants' Report 8

EXPERIENCE PROPERTY CONSULTANTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 28 MARCH 2023 TO 26 MARCH 2024







DIRECTOR: D Levene





REGISTERED OFFICE: Unit 6
Broadbent Close
London
N6 5JW





REGISTERED NUMBER: 02638798 (England and Wales)





ACCOUNTANTS: MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
HA8 7LW

EXPERIENCE PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 02638798)

STATEMENT OF FINANCIAL POSITION
26 MARCH 2024

26.3.24 27.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,212 9,615

CURRENT ASSETS
Debtors 5 1,740,626 1,758,159
Cash at bank 372,385 41,809
2,113,011 1,799,968
CREDITORS
Amounts falling due within one year 6 (1,776,572 ) (1,549,461 )
NET CURRENT ASSETS 336,439 250,507
TOTAL ASSETS LESS CURRENT LIABILITIES 343,651 260,122

CREDITORS
Amounts falling due after more than one
year

7

(13,333

)

(23,333

)
NET ASSETS 330,318 236,789

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 330,316 236,787
SHAREHOLDERS' FUNDS 330,318 236,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 26 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 26 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EXPERIENCE PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 02638798)

STATEMENT OF FINANCIAL POSITION - continued
26 MARCH 2024


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 director and authorised for issue on 21 March 2025 and were signed by:





D Levene - Director


EXPERIENCE PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 02638798)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 28 MARCH 2023 TO 26 MARCH 2024


1. STATUTORY INFORMATION

Experience Property Consultants 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.

The monetary amounts are rounded to the nearest pound.

Turnover
Turnover represents invoiced fees less credit notes for the management of various property developments, and invoice value of services completed in respect of interior design projects, 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

EXPERIENCE PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 02638798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 28 MARCH 2023 TO 26 MARCH 2024


2. ACCOUNTING POLICIES - continued

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction and where material are subsequently measured at amortise cost using the effective interest method, less any impairment

Impairment of financial assets
Financial assets, other than those held at fair value are assessed for indicators or impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occured after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in the Statement of Total Comprehensive Income.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfer the financial asset and substantially all the risks and rewards of ownership to another entity.

Basic financial liabilities
Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured at transaction price unless the arrangement constitute a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired int he ordinary course of business from suppliers. Accounts payables are classified as current liabilities if a payment is due within one year or less. If not, they are present as non current liabilities. Short term creditors are initially recognised at transaction price and where material are subsequently measured at amortised cost using the effective interest method.

Cash and cash equivalent
Cash and cash equivalent include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Government grants
Government grants are recognised where there is reasonable assurance that the grant will be received. Loans provided and/or guaranteed by government that represent market rates of interest are recorded at the amount of the proceeds received and recognised within Borrowings. Those loans provided and/or guaranteed by government that represent below market rates of interest are measured at inception at their fair value and recognised within Borrowings, with the differential to the proceeds received recorded within Deferred income and released to the relevant financial statement caption in the Income statement on an accruals basis. Grants that compensate the Company for expenses incurred are recognised in the Income statement in the relevant financial statement caption on an accruals basis in the periods in which the expenses are recognised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

EXPERIENCE PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 02638798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 28 MARCH 2023 TO 26 MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 28 March 2023
and 26 March 2024 7,213 2,965 29,242 39,420
DEPRECIATION
At 28 March 2023 4,162 2,830 22,813 29,805
Charge for period 763 33 1,607 2,403
At 26 March 2024 4,925 2,863 24,420 32,208
NET BOOK VALUE
At 26 March 2024 2,288 102 4,822 7,212
At 27 March 2023 3,051 135 6,429 9,615

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.3.24 27.3.23
£    £   
Trade debtors 95,004 175,748
Other debtors 1,645,622 1,582,411
1,740,626 1,758,159

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.3.24 27.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 95,940 91,209
Taxation and social security 578,342 508,168
Other creditors 1,092,290 940,084
1,776,572 1,549,461

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
26.3.24 27.3.23
£    £   
Bank loans 13,333 23,333

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 26.3.24 27.3.23
value: £    £   
2 Ordinary £1 2 2

EXPERIENCE PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 02638798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 28 MARCH 2023 TO 26 MARCH 2024


9. RESERVES
Retained
earnings
£   

At 28 March 2023 236,787
Profit for the period 153,529
Dividends (60,000 )
At 26 March 2024 330,316

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, total dividends of £60,000 were paid to the directors.

During the year, the directors made drawings of £294,271.

During the year, the directors introduced capital of £234,489.

11. RELATED PARTY DISCLOSURES

DLS Design Partnership Ltd

A company under common control


26.3.24 27.3.23
£    £   
Amount due from related party at the balance sheet date 655,507 602,709

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EXPERIENCE PROPERTY CONSULTANTS 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 Statement of Financial Position. Readers are cautioned that the Income Statement 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 Experience Property Consultants Limited for the period ended 26 March 2024 which comprise the Income Statement, Statement of Financial Position 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 Experience Property Consultants Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Experience Property Consultants Limited and state those matters that we have agreed to state to the director of Experience Property Consultants 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 Experience Property Consultants Limited and its director for our work or for this report.

It is your duty to ensure that Experience Property Consultants 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 Experience Property Consultants Limited. You consider that Experience Property Consultants Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Experience Property Consultants 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.






MGR Paris Limited
Chartered Accountants
Russell House
140 High Street
Edgware
HA8 7LW


21 March 2025