REGISTERED NUMBER: 08486336 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

Property Creations Cheltenham Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A W Durrant

R Durrant

REGISTERED OFFICE:

21 Highnam Business Centre

Highnam

Gloucester

GL2 8DN

REGISTERED NUMBER:

08486336 (England and Wales)

ACCOUNTANTS:

Knights Accountants and Tax Advisors

21 Highnam Business Centre

Highnam

Gloucester

GL2 8DN

FIXED ASSETS

Intangible assets

3

-

-

Tangible assets

4

15,733

20,288

Investments

5

95,000

125,000

110,733

145,288

CURRENT ASSETS

Stocks

177,450

181,680

Debtors

6

72,874

61,846

Cash at bank

4,068

3,032

254,392

246,558

CREDITORS

Amounts falling due within one year

7

408,186

421,931

NET CURRENT LIABILITIES

(153,794

)

(175,373

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(43,061

)

(30,085

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(43,063

)

(30,087

)

SHAREHOLDERS' FUNDS

(43,061

)

(30,085

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 21 April 2026 and were signed on its behalf by:

A W Durrant - Director

1.	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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

5,000

AMORTISATION

At 1 May 2024

and 30 April 2025

5,000

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

20,701

302

42,485

921

64,409

Additions

1,407

-

-

-

1,407

Disposals

-

-

(4,500

)

-

(4,500

)

At 30 April 2025

22,108

302

37,985

921

61,316

DEPRECIATION

At 1 May 2024

11,996

98

31,524

503

44,121

Charge for year

1,398

30

2,427

304

4,159

Eliminated on disposal

-

-

(2,697

)

-

(2,697

)

At 30 April 2025

13,394

128

31,254

807

45,583

NET BOOK VALUE

At 30 April 2025

8,714

174

6,731

114

15,733

At 30 April 2024

8,705

204

10,961

418

20,288

5.	FIXED ASSET INVESTMENTS

Own

shares

£

COST

At 1 May 2024

125,000

Disposals

(30,000

)

At 30 April 2025

95,000

NET BOOK VALUE

At 30 April 2025

95,000

At 30 April 2024

125,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

23,806

13,250

Other debtors

49,068

48,596

72,874

61,846

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

60,948

61,090

Trade creditors

65,888

72,916

Taxation and social security

93,937

150,852

Other creditors

187,413

137,073

408,186

421,931

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

£

A W Durrant

Balance outstanding at start of year

19,489

8,652

Amounts advanced

-

10,837

Amounts repaid

(9,204

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,285

19,489

R Durrant

Balance outstanding at start of year

7,385

-

Amounts advanced

8,432

7,385

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15,817

7,385