REGISTERED NUMBER: |
PROPERTY REGULATIONS LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28TH FEBRUARY 2025 |
REGISTERED NUMBER: |
PROPERTY REGULATIONS LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28TH FEBRUARY 2025 |
PROPERTY REGULATIONS LIMITED (REGISTERED NUMBER: 07141839) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28TH FEBRUARY 2025 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
PROPERTY REGULATIONS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 28TH FEBRUARY 2025 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Tudor House |
16 Cathedral Road |
Cardiff |
CF11 9LJ |
PROPERTY REGULATIONS LIMITED (REGISTERED NUMBER: 07141839) |
STATEMENT OF FINANCIAL POSITION |
28TH FEBRUARY 2025 |
2025 | 2024 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
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 REGULATIONS LIMITED (REGISTERED NUMBER: 07141839) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28TH FEBRUARY 2025 |
1. | STATUTORY INFORMATION |
Property Regulations Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Equipment - 25% Reducing balance |
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 statement of financial position date. |
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 |
PROPERTY REGULATIONS LIMITED (REGISTERED NUMBER: 07141839) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28TH FEBRUARY 2025 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1st March 2024 |
and 28th February 2025 |
AMORTISATION |
At 1st March 2024 |
and 28th February 2025 |
NET BOOK VALUE |
At 28th February 2025 |
At 29th February 2024 |
5. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1st March 2024 |
and 28th February 2025 |
DEPRECIATION |
At 1st March 2024 |
Charge for year |
At 28th February 2025 |
NET BOOK VALUE |
At 28th February 2025 |
At 29th February 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Taxation and social security |
Other creditors |
PROPERTY REGULATIONS LIMITED (REGISTERED NUMBER: 07141839) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28TH FEBRUARY 2025 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2025 | 2024 |
value: | £ | £ |
Ordinary shares | 1 | 100 | 100 |
9. | RELATED PARTY DISCLOSURES |
As at the year end Property Regulations Limited owed £25,355 (2024 - £10,225) to a company in which the directors have a controlling interest. |
As at the year end Property Regulations Limited was owed £779,627 (2024 - £767,228) by a company in which the directors have a controlling interest. |