Company Registration No. 12864952 (England and Wales)
THE PROPERTY PARTNERSHIP (SURREY) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
THE PROPERTY PARTNERSHIP (SURREY) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
THE PROPERTY PARTNERSHIP (SURREY) LIMITED
Company Registration No. 12864952
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
9,906
Current assets
Debtors
4
3,101
4,049
Cash at bank and in hand
57,960
4,456
61,061
8,505
Creditors: amounts falling due within one year
5
(44,310)
(53,847)
Net current assets/(liabilities)
16,751
(45,342)
Net assets/(liabilities)
16,751
(35,436)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
16,651
(35,536)
Total equity
16,751
(35,436)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 18 July 2025
R Williams
Director
THE PROPERTY PARTNERSHIP (SURREY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information

The Property Partnership (Surrey) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Hallowdene Cottage, Shortfield Common Road, Frensham, Farnham, GU10 3BW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company ceased to trade on the 30 September 2024, therefore the financial statements have been prepared on the basis that the company is no longer a going concern.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business in relation to real estate activity, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
20% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

THE PROPERTY PARTNERSHIP (SURREY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
THE PROPERTY PARTNERSHIP (SURREY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023
16,097
Additions
957
Disposals
(17,054)
At 30 September 2024
-
0
Depreciation and impairment
At 1 October 2023
6,191
Depreciation charged in the year
3,331
Eliminated in respect of disposals
(9,522)
At 30 September 2024
-
0
Carrying amount
At 30 September 2024
-
0
At 30 September 2023
9,906
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
3,101
4,049
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
5,018
-
0
Other creditors
39,292
53,847
44,310
53,847
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A Shares of £1 each
51
51
51
51
Ordinary B Shares of £1 each
49
49
49
49
100
100
100
100
THE PROPERTY PARTNERSHIP (SURREY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
7
Related party transactions

The Property Partnership (Surrey) Ltd recharges various costs associated with the running of the office to

another company which is under the control of the director. These transactions are undertaken at market

value and as such do not require any further disclosure.

 

As at the balance sheet date the director R Williams is owed by the company an amount of £1,692

(2023: £1,692).

2024-09-302023-10-01falsefalsefalse18 July 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityR Williams128649522023-10-012024-09-30128649522024-09-30128649522023-09-3012864952core:OtherPropertyPlantEquipment2024-09-3012864952core:OtherPropertyPlantEquipment2023-09-3012864952core:CurrentFinancialInstrumentscore:WithinOneYear2024-09-3012864952core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-3012864952core:CurrentFinancialInstruments2024-09-3012864952core:CurrentFinancialInstruments2023-09-3012864952core:ShareCapital2024-09-3012864952core:ShareCapital2023-09-3012864952core:RetainedEarningsAccumulatedLosses2024-09-3012864952core:RetainedEarningsAccumulatedLosses2023-09-3012864952core:ShareCapitalOrdinaryShareClass12024-09-3012864952core:ShareCapitalOrdinaryShareClass12023-09-3012864952core:ShareCapitalOrdinaryShareClass22024-09-3012864952core:ShareCapitalOrdinaryShareClass22023-09-3012864952core:ShareCapitalOrdinaryShares2024-09-3012864952core:ShareCapitalOrdinaryShares2023-09-3012864952bus:Director12023-10-012024-09-3012864952core:Goodwill2023-10-012024-09-3012864952core:ComputerEquipment2023-10-012024-09-30128649522022-10-012023-09-3012864952core:OtherPropertyPlantEquipment2023-09-3012864952core:OtherPropertyPlantEquipment2023-10-012024-09-3012864952core:WithinOneYear2024-09-3012864952core:WithinOneYear2023-09-3012864952bus:OrdinaryShareClass12023-10-012024-09-3012864952bus:OrdinaryShareClass22023-10-012024-09-3012864952bus:OrdinaryShareClass12024-09-3012864952bus:OrdinaryShareClass12023-09-3012864952bus:OrdinaryShareClass22024-09-3012864952bus:OrdinaryShareClass22023-09-3012864952bus:AllOrdinaryShares2024-09-3012864952bus:AllOrdinaryShares2023-09-3012864952bus:PrivateLimitedCompanyLtd2023-10-012024-09-3012864952bus:SmallCompaniesRegimeForAccounts2023-10-012024-09-3012864952bus:FRS1022023-10-012024-09-3012864952bus:AuditExemptWithAccountantsReport2023-10-012024-09-3012864952bus:FullAccounts2023-10-012024-09-30xbrli:purexbrli:sharesiso4217:GBP