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REGISTERED NUMBER: 11865934 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

1ST CHOICE PROPERTY (MIDLANDS) LTD

1ST CHOICE PROPERTY (MIDLANDS) LTD (REGISTERED NUMBER: 11865934)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


1ST CHOICE PROPERTY (MIDLANDS) LTD

COMPANY INFORMATION
for the Year Ended 31st March 2024







DIRECTORS: Mr R J Hardiman
Miss N M Moore





REGISTERED OFFICE: 28 Nayland Croft
Hall Green
Birmingham
B28 OQH





REGISTERED NUMBER: 11865934 (England and Wales)





ACCOUNTANTS: SAS Accountant Ltd t/as OJW Associates
16 Hennals Avenue
Webheath
Redditch
Worcestershire
B97 5RX

1ST CHOICE PROPERTY (MIDLANDS) LTD (REGISTERED NUMBER: 11865934)

BALANCE SHEET
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 653,250 611,250

CURRENT ASSETS
Debtors 5 2,702 6,303
Cash at bank 1,878 3,886
4,580 10,189
CREDITORS
Amounts falling due within one year 6 71,957 75,459
NET CURRENT LIABILITIES (67,377 ) (65,270 )
TOTAL ASSETS LESS CURRENT LIABILITIES 585,873 545,980

CREDITORS
Amounts falling due after more than one
year

7

436,872

436,872
NET ASSETS 149,001 109,108

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 148,901 109,008
SHAREHOLDERS' FUNDS 149,001 109,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

1ST CHOICE PROPERTY (MIDLANDS) LTD (REGISTERED NUMBER: 11865934)

BALANCE SHEET - continued
31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st March 2025 and were signed on its behalf by:





Mr R J Hardiman - Director


1ST CHOICE PROPERTY (MIDLANDS) LTD (REGISTERED NUMBER: 11865934)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

1st Choice Property (Midlands) Ltd 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 as modified by the revaluation of certain assets.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

1ST CHOICE PROPERTY (MIDLANDS) LTD (REGISTERED NUMBER: 11865934)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1st April 2023 611,250
Revaluations 42,000
At 31st March 2024 653,250
NET BOOK VALUE
At 31st March 2024 653,250
At 31st March 2023 611,250

Cost or valuation at 31st March 2024 is represented by:

Land and
buildings
£   
Valuation in 2023 72,000
Valuation in 2024 42,000
Cost 539,250
653,250

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Deferred tax asset
Tax losses carried forward 2,702 6,303
2,702 6,303

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' loan accounts 71,457 74,959
Accrued expenses 500 500
71,957 75,459

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 436,872 436,872

1ST CHOICE PROPERTY (MIDLANDS) LTD (REGISTERED NUMBER: 11865934)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 436,872 436,872

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 436,872 436,872

9. DEFERRED TAX
£   
Balance at 1st April 2023 (6,303 )
Provided during year 3,601
Balance at 31st March 2024 (2,702 )

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100