Property Cow Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15192497

PROPERTY COW LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 October 2024

PROPERTY COW LTD

STATEMENT OF FINANCIAL POSITION

31 October 2024

	31 Oct 24
Note	£	£

FIXED ASSETS

Tangible assets	5		1,258,519

CURRENT ASSETS

Debtors	6	51,277
Cash at bank and in hand		16,277
		--------
		67,554

CREDITORS: amounts falling due within one year	7	813,669
		---------
NET CURRENT LIABILITIES			746,115
			------------
TOTAL ASSETS LESS CURRENT LIABILITIES			512,404

CREDITORS: amounts falling due after more than one year	8		340,514

PROVISIONS		40,974
		---------
NET ASSETS		130,916
		---------

CAPITAL AND RESERVES

Called up share capital fully paid		1
Revaluation reserve		169,715
Profit and loss account		( 38,800)
		---------
SHAREHOLDERS FUNDS		130,916
		---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

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

PROPERTY COW LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 October 2024

These financial statements were approved by the board of directors and authorised for issue on 2 October 2025 , and are signed on behalf of the board by:

Miss S Dand
Director

Company registration number: 15192497

PROPERTY COW LTD

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 6 OCTOBER 2023 TO 31 OCTOBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Brunswick Close, Rugby, CV21 1XL.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company currently meets its daily working capital requirements through operating revenues and financial support from the director. On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.

Revenue recognition

Turnover represents the amount derived from rents receivable.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Investment properties are initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment properties are revalued to their fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the period amounted to 1 .

5. TANGIBLE ASSETS

	Investment properties	Fixtures and fittings	Total
	£	£	£
Cost or valuation
At 6 October 2023	–	–	–
Additions	1,026,380	10,022	1,036,402
Revaluations	223,620	–	223,620
	------------	--------	------------
At 31 October 2024	1,250,000	10,022	1,260,022
	------------	--------	------------
Depreciation
At 6 October 2023	–	–	–
Charge for the period	–	1,503	1,503
	------------	--------	------------
At 31 October 2024	–	1,503	1,503
	------------	--------	------------
Carrying amount
At 31 October 2024	1,250,000	8,519	1,258,519
	------------	--------	------------

6. DEBTORS

	31 Oct 24
	£
Other debtors	51,277
	--------

7. CREDITORS: amounts falling due within one year

	31 Oct 24
	£
Bank loans and mortgages	381,270
Other creditors	432,399
	---------
	813,669
	---------

The director has provided personal guarantees in relation to mortgages which are included in Bank loans and overdrafts.

The mortgages are secured on properties held by the company.

8. CREDITORS: amounts falling due after more than one year

	31 Oct 24
	£
Bank loans and mortgages	340,514
	---------

The director has provided personal guarantees in relation to mortgages which are included in Bank loans and overdrafts.

The mortgages are secured on properties held by the company.

9. RELATED PARTY TRANSACTIONS

During the year the company undertook the following transactions with related parties: The director has advanced monies to the company. At 31 October 2024 the amount due from the company was £ 400,808 .

10. GOING CONCERN

The director has considered the period to 2 October 2026 when assessing the company's ability to continue as a going concern. It is believed that the company will be able to satisfy its liabilities as these become payable, or alternatively will be sold as a going concern.