PROPERTIES FOR LIFE LTD - Accounts to registrar (filleted)

REGISTERED NUMBER: 10543439 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

PROPERTIES FOR LIFE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Ogunsalu

Mrs M M Ogunsalu

SECRETARY:

REGISTERED OFFICE:

Suite 310e , East Wing

Sterling House, Langston Road

Loughton

IG10 3TS

REGISTERED NUMBER:

10543439 (England and Wales)

ACCOUNTANTS:

Taxpoint Direct Limited

Chartered Certified Accountants &Tax Consultants

310E Sterling House

Langston Road

Loughton

IG10 3TS

FIXED ASSETS

Tangible assets

4

466,557

466,838

CURRENT ASSETS

Debtors

5

1,700

Cash at bank and in hand

19,980

38,977

21,680

40,677

CREDITORS

Amounts falling due within one year

6

93,489

106,471

NET CURRENT LIABILITIES

(71,809

)

(65,794

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

394,748

401,044

CREDITORS

Amounts falling due after more than one
year

7

352,770

NET ASSETS

41,978

48,274

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

9

41,878

48,174

SHAREHOLDERS' FUNDS

41,978

48,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

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 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.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2025 and were signed on its behalf by:

C Ogunsalu - Director

1.	STATUTORY INFORMATION

PROPERTIES FOR LIFE LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 February 2024

and 31 January 2025

465,839

3,922

469,761

DEPRECIATION

At 1 February 2024

-

2,923

Charge for year

-

281

At 31 January 2025

-

3,204

NET BOOK VALUE

At 31 January 2025

465,839

718

466,557

At 31 January 2024

465,839

999

466,838

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Trade debtors

1,700

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Trade creditors

(1

)

(1

)

Tax

-

353

Tenant deposit

1,700

Directors' current accounts

91,190

104,419

Accrued expenses

600

-

93,489

106,471

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.1.25

31.1.24

£

Bank loans more 5 yr by instal

352,770

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

352,770

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

100

ordinary share capital

1

100

9.

RESERVES

Retained

earnings

£

At 1 February 2024

48,174

Deficit for the year

(6,296

)

At 31 January 2025

41,878