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REGISTERED NUMBER: 12346979 (England and Wales)















THE PROPERTY LADDER GROUP LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024






THE PROPERTY LADDER GROUP LTD (REGISTERED NUMBER: 12346979)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 4


THE PROPERTY LADDER GROUP LTD (REGISTERED NUMBER: 12346979)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 4,402 5,197
Tangible assets 5 8,191 8,641
12,593 13,838

CURRENT ASSETS
Debtors 6 169,331 123,684
Cash at bank and in hand 135,612 85,873
304,943 209,557
CREDITORS
Amounts falling due within one year 7 (430,645 ) (396,354 )
NET CURRENT LIABILITIES (125,702 ) (186,797 )
TOTAL ASSETS LESS CURRENT LIABILITIES (113,109 ) (172,959 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (113,111 ) (172,961 )
(113,109 ) (172,959 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 23 April 2025 and were signed on its behalf by:





Mr D Leggett - Director


THE PROPERTY LADDER GROUP LTD (REGISTERED NUMBER: 12346979)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

The Property Ladder Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12346979

Registered office: The Granary
Lodge Park
Lodge Lane
Langham
Essex
CO4 5NE

The presentation currency of the financial statements is the Pound Sterling (£) and the financial statements are rounded to the nearest Pound.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 cost
Computer equipment - 33% on cost

Financial instruments
Basic financial instruments are measured at amortised cost.

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.

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.

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 10 (2023 - 9 ) .

THE PROPERTY LADDER GROUP LTD (REGISTERED NUMBER: 12346979)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 7,951
AMORTISATION
At 1 January 2024 2,754
Charge for year 795
At 31 December 2024 3,549
NET BOOK VALUE
At 31 December 2024 4,402
At 31 December 2023 5,197

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 10,987 27,567 38,554
Additions 1,487 4,091 5,578
At 31 December 2024 12,474 31,658 44,132
DEPRECIATION
At 1 January 2024 9,263 20,650 29,913
Charge for year 1,493 4,535 6,028
At 31 December 2024 10,756 25,185 35,941
NET BOOK VALUE
At 31 December 2024 1,718 6,473 8,191
At 31 December 2023 1,724 6,917 8,641

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 136,440 84,990
Amounts due from related undertakings 31 -
Other debtors 32,860 38,694
169,331 123,684

THE PROPERTY LADDER GROUP LTD (REGISTERED NUMBER: 12346979)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 175,261 184,151
Amounts due to related undertakings 59,804 22,854
Taxation and social security 45,086 27,342
Other creditors 150,494 162,007
430,645 396,354

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 16,000 24,000
Between one and five years - 16,000
16,000 40,000