Company Registration No. 07664091 (England and Wales)
PROPERTY PARTNERS NORTH LONDON LIMITED
Unaudited accounts
for the year ended 30 June 2024
PROPERTY PARTNERS NORTH LONDON LIMITED
Unaudited accounts
Contents
PROPERTY PARTNERS NORTH LONDON LIMITED
Company Information
for the year ended 30 June 2024
Company Number
07664091 (England and Wales)
Registered Office
359 HIGH ROAD
LONDON
N22 8JA
Accountants
Stoke Newington Accountants & Tax Consultants Ltd
4 Baird Road
Enfield
Middlesex
EN1 1SJ
PROPERTY PARTNERS NORTH LONDON LIMITED
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
26,762
676
Creditors: amounts falling due within one year
(131,044)
(145,991)
Net current assets
20,357
30,656
Total assets less current liabilities
21,459
30,679
Creditors: amounts falling due after more than one year
(17,063)
(30,088)
Called up share capital
100
100
Profit and loss account
4,296
491
Shareholders' funds
4,396
591
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 April 2025 and were signed on its behalf by
Ms Ebru Onal
Director
Company Registration No. 07664091
PROPERTY PARTNERS NORTH LONDON LIMITED
Notes to the Accounts
for the year ended 30 June 2024
PROPERTY PARTNERS NORTH LONDON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07664091. The registered office is 359 HIGH ROAD, LONDON, N22 8JA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15 % Reducing balance method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
PROPERTY PARTNERS NORTH LONDON LIMITED
Notes to the Accounts
for the year ended 30 June 2024
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Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
39,623
130,129
Amounts due from group undertakings etc.
53,889
21,530
Accrued income and prepayments
2,215
2,215
Other debtors
22,097
22,097
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
22,651
14,845
Taxes and social security
36,860
34,788
Other creditors
31,609
69,785
Loans from directors
35,445
22,443
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Creditors: amounts falling due after more than one year
2024
2023
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Transactions with related parties
At the balance sheet date, where the director Ebru Onal held controlling interests, the company was owed by Property Partners (Mayfair) Ltd £53,889.
In the balance sheet date, the Company owes the Director £27,945.
PROPERTY PARTNERS NORTH LONDON LIMITED
Notes to the Accounts
for the year ended 30 June 2024
The controlling party is that of Ms Ebru Onal as she holds all of the issued share capital of the company.
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Average number of employees
During the year the average number of employees was 2 (2023: 3).