Property Management (York) Limited

Registered Number: 05342370 Property Management (York) Limited
Balance Sheet
As at 31 December 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	3	62,658	62,658
		62,658	62,658
Current assets
Debtors	4	394	344
Cash at bank and in hand		11,664	13,248
		12,058	13,592
Creditors: amount falling due within one year	5	(3,228)	(6,160)
Net current assets		8,830	7,432

Total assets less current liabilities		71,488	70,090
Net assets		71,488	70,090

Capital and reserves
Called up share capital	6	100	100
Profit and loss account		71,388	69,990
Shareholders' funds		71,488	70,090

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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 profit and loss account has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 19 May 2025 and were signed on its behalf by:

-------------------------------
Mrs C M Rogers
Director

Property Management (York) Limited
Notes to the Financial Statements
For the year ended 31 December 2024

General Information

Property Management (York) Limited is a private company, limited by shares, registered in England and Wales, registration number 05342370, registration address Newton Lodge, Main Street, Everingham, YORK, YO42 4JD.

The presentation currency is £ sterling.

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).

Turnover

Turnover represents amounts receivable for ground rents and fees for the year.

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 companys 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.

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:

Computer equipment

3 years straight line

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 2 (2023 : 2).

Tangible fixed assets

Cost or valuation	Land and buildings	Plant and machinery etc	Total
	£	£	£
At 01 January 2024	62,658	740	63,398
Additions	-	-	-
Disposals	-	-	-
At 31 December 2024	62,658	740	63,398
Depreciation
At 01 January 2024	-	740	740
Charge for year	-	-	-
On disposals	-	-	-
At 31 December 2024	-	740	740
Net book values
Closing balance as at 31 December 2024	62,658	-	62,658
Opening balance as at 01 January 2024	62,658	-	62,658

Debtors: amounts falling due within one year

	2024 £		2023 £
Prepayments & Accrued Income	394		344
	394		344

Creditors: amount falling due within one year

	2024 £	2023 £
Taxation and Social Security	377	3,939
Other Creditors	2,851	2,221
	3,228	6,160

Share Capital

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

7.	Director’s loan

Directors' transactions

Included in creditors falling due within one year is an amount of £667 (2023 - £143) due to Mrs C M Rogers, a director of the company.

Dividends totalling £500 (2023 - £22,500) were paid during the year, in respect of shares held by the company's directors.

Registered Number: 05342370
England and Wales
PROPERTY MANAGEMENT (YORK) LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 January 2024 End date: 31 December 2024