| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 |
| FOR |
| PROPERTY PACKAGES LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 |
| FOR |
| PROPERTY PACKAGES LIMITED |
| PROPERTY PACKAGES LIMITED (REGISTERED NUMBER: 04691338) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 June 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| PROPERTY PACKAGES LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30 June 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Unit 1, Guest House Farm |
| Runshaw Lane |
| Euxton |
| Chorley |
| Lancashire |
| PR7 6HD |
| PROPERTY PACKAGES LIMITED (REGISTERED NUMBER: 04691338) |
| BALANCE SHEET |
| 30 June 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| 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 | 9 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| PROPERTY PACKAGES LIMITED (REGISTERED NUMBER: 04691338) |
| BALANCE SHEET - continued |
| 30 June 2024 |
| 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 PACKAGES LIMITED (REGISTERED NUMBER: 04691338) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 June 2024 |
| 1. | STATUTORY INFORMATION |
| Property Packages Limited is a |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| GOODWILL |
| 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 |
| Leasehold property improvement s | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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. |
| 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. |
| FIXED ASSET INVESTMENTS |
| Fixed asset investments are stated at historical cost less provision for any diminution in value. |
| PROPERTY PACKAGES LIMITED (REGISTERED NUMBER: 04691338) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 June 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| OPERATING LEASES |
| Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the term of the lease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Leasehold |
| Freehold | property |
| Freehold | property | Long | improvement |
| property | improvements | leasehold | s |
| £ | £ | £ | £ |
| COST |
| At 1 July 2023 |
| Disposals |
| At 30 June 2024 |
| DEPRECIATION |
| At 1 July 2023 |
| Charge for year |
| Eliminated on disposal |
| At 30 June 2024 |
| NET BOOK VALUE |
| At 30 June 2024 |
| At 30 June 2023 |
| PROPERTY PACKAGES LIMITED (REGISTERED NUMBER: 04691338) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 June 2024 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 July 2023 |
| Disposals | ( |
) | ( |
) |
| At 30 June 2024 |
| DEPRECIATION |
| At 1 July 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 June 2024 |
| NET BOOK VALUE |
| At 30 June 2024 |
| At 30 June 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Directors' current accounts | 3,456 | 15,236 |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts | 46,485 | 179,028 |
| Accrued expenses |
| PROPERTY PACKAGES LIMITED (REGISTERED NUMBER: 04691338) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 June 2024 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more 5 yr by instal |
| Hire purchase contracts |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 5,627 | 11,627 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Bank overdraft |
| Bank loans |
| Hire purchase contracts | 79,412 | 87,175 |
| Bank liabilities are secured by fixed and floating charges over the undertaking and all property and assets. |
| Hire purchase finance is secured upon the asset to which the finance relates. |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 10 | 10 |
| 10. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 July 2023 |
| Profit for the year |
| Dividends | ( |
) |
| At 30 June 2024 |
| PROPERTY PACKAGES LIMITED (REGISTERED NUMBER: 04691338) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 June 2024 |
| 11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| Included in creditors are balances owing to the directors totalling £46,486 (2023: £179,028). |
| No interest is charged in respect of this balance. |
| 12. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £78,604 were paid to the directors . |
| The following dividends were paid to the following shareholders during the financial year: |
| Mr DJ Thomas £nil (2023: £nil). |
| Mr M Thomas £1,758 (2023: £54,432). |
| Mr SJ Thomas £746 (2023: £46,927). |
| Mrs L Thomas £38,800 (2023: £33,600). |
| Miss R Thomas £37,300 (2023: £40,200). |