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PROPERTY SOUNDS IMPORTANT LIMITED

Registered Number
11656048
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

PROPERTY SOUNDS IMPORTANT LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Director

BENNETT, David Richard

Registered Address

32 St. John Avenue
Warrington
WA4 6DG

Registered Number

11656048 (England and Wales)
PROPERTY SOUNDS IMPORTANT LIMITED
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets3406,187406,246
406,187406,246
Current assets
Debtors49,54811,390
Cash at bank and on hand11,74110,450
21,28921,840
Creditors amounts falling due within one year5(150,348)(103,021)
Net current assets (liabilities)(129,059)(81,181)
Total assets less current liabilities277,128325,065
Creditors amounts falling due after one year6(219,725)(269,725)
Net assets57,40355,340
Capital and reserves
Called up share capital11
Revaluation reserve45,00045,000
Profit and loss account12,40210,339
Shareholders' funds57,40355,340
The financial statements were approved and authorised for issue by the Director on 17 April 2025, and are signed on its behalf by:
BENNETT, David Richard
Director
Registered Company No. 11656048
PROPERTY SOUNDS IMPORTANT LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets
Functional and presentation currency
The accounts are prepared in £ sterling
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. Defereed tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.
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:

Reducing balance (%)
Plant and machinery20
2.Average number of employees

20252024
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 24406,485
Disposals(298)
At 31 March 25406,187
Depreciation and impairment
At 01 April 24238
Charge for year60
On disposals(298)
Net book value
At 31 March 25406,187
At 31 March 24406,246
Investment Properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. The methods and significant assumptions used to ascertain the fair value of £406,187 and fair value movement of £45,000 included in the profit / loss for the year / period are as follows: Revaluation of property by Gateway Surveyors FRICS on 04/10/21 using the comparable method.
4.Debtors: amounts due within one year

2025

2024

££
Prepayments and accrued income9982,840
Deferred tax asset, debtors8,5508,550
Total9,54811,390
5.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables-946
Bank borrowings and overdrafts-78,155
Taxation and social security1,5652,098
Other creditors145,01518,054
Accrued liabilities and deferred income3,7683,768
Total150,348103,021
6.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts119,725169,725
Other creditors100,000100,000
Total219,725269,725