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Registered Number: 12365733
England and Wales

 

 

 


Abridged Accounts


for the year ended 31 December 2024

for

THE RIGHT PROPERTY ACCOMMODATION LIMITED

The Right Property Accommodation Limited
Contents Page
For the year ended 31 December 2024
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 December 2024.

We have prepared these finance statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a true and fair view.

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.



....................................................
MBS Accountants
Conway House
Worcester Street
Gloucester
GL1 3AJ
18 September 2025
1
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Intangible fixed assets 3 3,180    3,578 
Tangible fixed assets 4 19,627    8,058 
Investments 5 54,026    - 
76,833    11,636 
Current assets      
Stocks -    5,800 
Debtors 353,886    210,672 
Cash at bank and in hand 141,701    242,257 
495,587    458,729 
Creditors: amount falling due within one year (423,121)   (248,060)
Net current assets 72,466    210,669 
 
Total assets less current liabilities 149,299    222,305 
Creditors: amount falling due after more than one year (14,787)   (17,954)
Accruals and deferred income -    (13,394)
Provisions for liabilities (704)   (1,895)
Net assets 133,808    189,062 
 

Capital and reserves 		     
Called up share capital 6 281    281 
Profit and loss account 133,527    188,781 
Shareholders' funds 133,808    189,062 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 18 September 2025 and were signed on its behalf by:


-------------------------------
Gregory Dorban
Director
2
General Information
The Right Property Accommodation Limited is a private company, limited by shares, registered in England and Wales, registration number 12365733, registration address Bedford Heights, Brickhill Drive, Bedford, Bedfordshire, MK41 7PH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Trade Mark
Trade Mark is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Trade Mark of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 30% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 16 (2023 : 17).
3.

Intangible fixed assets

Cost Trade Mark - 10 Years Straight Line   Total
  £   £
At 01 January 2024 3,976    3,976 
Additions -    - 
Disposals -    - 
At 31 December 2024 3,976    3,976 
Amortisation
At 01 January 2024 398    398 
Charge for year 398    398 
On disposals -    - 
At 31 December 2024 796    796 
Net book values
At 31 December 2024 3,180    3,180 
At 31 December 2023 3,578    3,578 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 January 2024 488    10,995    8,652    20,135 
Additions -    22,032    -    22,032 
Disposals -    (10,995)   -    (10,995)
At 31 December 2024 488    22,032    8,652    31,172 
Depreciation
At 01 January 2024 269    7,517    4,291    12,077 
Charge for year 44    5,508    1,433    6,985 
On disposals -    (7,517)   -    (7,517)
At 31 December 2024 313    5,508    5,724    11,545 
Net book values
Closing balance as at 31 December 2024 175    16,524    2,928    19,627 
Opening balance as at 01 January 2024 219    3,478    4,361    8,058 


5.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 January 2024 -    - 
Additions 54,026    54,026 
Transfer to/from tangible fixed assets -    - 
Disposals -    - 
At 31 December 2024 54,026    54,026 

6.

Share Capital

Allotted, called up and fully paid
2024
£		   2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

7.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£		 2023
£		 2024
£		 2023
£
Sun and Star Properties Ltd(382,375)(375,507)- - 
Dorban Investments Limited5,354 2,280 - - 
Comfy Workers Limited18,000 18,000 - - 

The Right Property Accommodation Limited manages the rental properties leased by Sun and Star Properties Limited wherein the latter pays the former management fees for its services.
The Right Property Accommodation Limited manages the rental properties owned by Dorban Investments Limited, wherein the latter pays the former management fees for its services. The total property management fees (gross of VAT) paid by Dorban Investments Limited to The Right Property Accommodation Limited amounted to £2,280 in the financial year 2024 and £2,280 in the financial year 2023.
The Right Property Accommodation Limited has recharged Comfy Workers Limited for the rental of office space which are both occupied by the two companies. The total rent recharges (gross of VAT) amounted to £18,000 in financial year 2024 and £18,000 in financial year 2023.
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