Company Registration No. 10501031 (England and Wales)
Property Company Group Limited
Unaudited accounts
for the year ended 31 December 2022
Property Company Group Limited
Unaudited accounts
Contents
Property Company Group Limited
Company Information
for the year ended 31 December 2022
Company Number
10501031 (England and Wales)
Registered Office
25 East Street
Bromley
BR1 1QE
England
Accountants
Anumerate Limited
Office 2.05, Clockwise
Old Town Hall
30 Tweedy Road
Bromley
BR13FE
Property Company Group Limited
Statement of financial position
as at 31 December 2022
Tangible assets
27,664
33,761
Cash at bank and in hand
23,745
68,886
Creditors: amounts falling due within one year
(28,632)
(69,954)
Net current assets
8,608
11,412
Called up share capital
185
185
Profit and loss account
36,087
44,988
Shareholders' funds
36,272
45,173
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 September 2023 and were signed on its behalf by
Lewis McKale
Director
Company Registration No. 10501031
Property Company Group Limited
Notes to the Accounts
for the year ended 31 December 2022
Property Company Group Limited is a private company, limited by shares, registered in England and Wales, registration number 10501031. The registered office is 25 East Street, Bromley, BR1 1QE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% - straightline basis
Fixtures & fittings
10% - straightline basis
Computer equipment
25% - straightline basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Dividends distributed to shareholders are recognised in the financial statements in the reporting period in which the dividends are declared.
Property Company Group Limited
Notes to the Accounts
for the year ended 31 December 2022
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2022
25,000
9,973
1,832
36,805
At 31 December 2022
25,000
9,973
2,206
37,179
At 1 January 2022
-
2,570
474
3,044
Charge for the year
5,000
997
474
6,471
At 31 December 2022
5,000
3,567
948
9,515
At 31 December 2022
20,000
6,406
1,258
27,664
At 31 December 2021
25,000
7,403
1,358
33,761
Amounts falling due within one year
Trade debtors
13,195
7,902
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Creditors: amounts falling due within one year
2022
2021
Trade creditors
6,585
9,858
Taxes and social security
17,353
20,574
Allotted, called up and fully paid:
85 A Ordinary shares of £1 each
85
85
15 B Ordinary shares of £1 each
15
15
85 C Ordinary shares of £1 each
85
85
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Average number of employees
During the year the average number of employees was 3 (2021: 3).