The Property Refurb Co London Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09530222

The Property Refurb Co London Limited

Filleted Unaudited Financial Statements

For the year ended

30 April 2025

The Property Refurb Co London Limited

Financial Statements

Year ended 30 April 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

The Property Refurb Co London Limited

Officers and Professional Advisers

THE BOARD OF DIRECTORS	Mr M R Aylott
	Mrs N Aylott

REGISTERED OFFICE	27 Granby Road
	Stevenage
	Herts
	SG1 4AR

ACCOUNTANTS	Streets
	Chartered accountants
	Potton House
	Wyboston Lakes
	Great North Road
	Wyboston
	Bedford
	MK44 3BZ

The Property Refurb Co London Limited

Statement of Financial Position

30 April 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	48,780	82,670
Investments	6	320,001	320,001
		---------	---------
		368,781	402,671

Current assets

Stocks		30,000	566,430
Debtors	7	170,846	220,559
Cash at bank and in hand		30,671	50,538
		---------	---------
		231,517	837,527

Creditors: amounts falling due within one year	8	187,705	262,129
		---------	---------
Net current assets		43,812	575,398
		---------	---------
Total assets less current liabilities		412,593	978,069

Creditors: amounts falling due after more than one year	9	257,381	798,588

Provisions	25,909	25,909
	---------	---------
Net assets	129,303	153,572
	---------	---------

Capital and reserves

Called up share capital	110	110
Revaluation reserve	103,634	103,634
Profit and loss account	25,559	49,828
	---------	---------
Shareholders funds	129,303	153,572
	---------	---------

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 year ending 30 April 2025 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

The Property Refurb Co London Limited

Statement of Financial Position (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 29 April 2026 , and are signed on behalf of the board by:

Mr M R Aylott

Director

Company registration number: 09530222

The Property Refurb Co London Limited

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 Granby Road, Stevenage, Herts, SG1 4AR.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

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:

Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 May 2024	12,320	218,819	231,139
Additions	749	3,000	3,749
	--------	---------	---------
At 30 April 2025	13,069	221,819	234,888
	--------	---------	---------
Depreciation
At 1 May 2024	8,527	139,942	148,469
Charge for the year	1,022	36,617	37,639
	--------	---------	---------
At 30 April 2025	9,549	176,559	186,108
	--------	---------	---------
Carrying amount
At 30 April 2025	3,520	45,260	48,780
	--------	---------	---------
At 30 April 2024	3,793	78,877	82,670
	--------	---------	---------

6. Investments

	Investment property
	£
Cost
At 1 May 2024 and 30 April 2025	320,001
	---------
Impairment
At 1 May 2024 and 30 April 2025	–
	---------

Carrying amount
At 30 April 2025	320,001
	---------
At 30 April 2024	320,001
	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	87,113	88,522
Other debtors	83,733	132,037
	---------	---------
	170,846	220,559
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	22,723	9,868
Trade creditors	67,639	54,726
Corporation tax	37,500	45,979
Social security and other taxes	19,407	50,432
Other creditors	40,436	101,124
	---------	---------
	187,705	262,129
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	226,145	759,775
Other creditors	31,236	38,813
	---------	---------
	257,381	798,588
	---------	---------

The mortgages are secured against property held as investment property and in work-in-progress.

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	25,909	25,909
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Fair value adjustment of investment property	25,909	25,909
	--------	--------