| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2024 |
| for |
| PROPERTY CONCEPTS (SOUTHERN) LTD |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2024 |
| for |
| PROPERTY CONCEPTS (SOUTHERN) LTD |
| PROPERTY CONCEPTS (SOUTHERN) LTD (Registered number: 09122567) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| PROPERTY CONCEPTS (SOUTHERN) LTD |
| Company Information |
| for the Year Ended 31 December 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 152 Kidmore End Road |
| Emmer Green |
| Reading |
| Berkshire |
| RG4 8SP |
| PROPERTY CONCEPTS (SOUTHERN) LTD (Registered number: 09122567) |
| Balance Sheet |
| 31 December 2024 |
| 31.12.24 | 31.12.23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| PROPERTY CONCEPTS (SOUTHERN) LTD (Registered number: 09122567) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| PROPERTY CONCEPTS (SOUTHERN) LTD is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents invoiced work done and sales of properties exclusive of Vat. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Closing Stock/Work in Progress represents the cost of the Property plus all additional costs incurred in preparing it for sale. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 January 2024 |
| and 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Trade debtors |
| Corporation Tax repayable | - | 68 |
| Prepayments |
| PROPERTY CONCEPTS (SOUTHERN) LTD (Registered number: 09122567) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Loans | 622,563 | 496,563 |
| 8. | RELATED PARTY DISCLOSURES |
| The company is under the control of Lan Concepts Ltd who hold 100% of the issued share capital of the company. Mr Kevin Clark and Mr Mark Culver are also Directors of the company. |
| At 31st December 2024 the company was owed £6,000 (2023: 6,000) from Lan Concepts Ltd. |
| The total Loan granted from Lan Concepts Ltd is £622,563 at 31st December 2024 (2023: £496,563). |
| The total amount of transactions between the two companies were as follows: |
| £0 - purchases (2023: £6,000) |
| The company is a related party of Electrical Concepts Ltd, which is also under the control of Mr Kevin Clark, Mrs Rebecca Clark and Mr Mark Culver. |
| There were no transactions between the companies during the year ending 31st December 2024. |