ACCOUNTS - Final Accounts preparation

MY PROPERTY FILE 4 LIMITED - Company Information

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Registered number: 12881297

PROPERTY PURCHASING 4 LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 AUGUST 2021

PROPERTY PURCHASING 4 LIMITED

COMPANY INFORMATION

Directors	J Devonshire (resigned 19 February 2021)
	N Raval (appointed 1 October 2020)
	C Carrodus (appointed 12 April 2022)


Registered number	12881297


Registered office	First Floor, 27 Charlotte Road
	London
	EC2A 3PB

PROPERTY PURCHASING 4 LIMITED

CONTENTS

	Page
Statement of financial position	1
Statement of changes in equity	2
Notes to the financial statements	3 - 4

PROPERTY PURCHASING 4 LIMITED

REGISTERED NUMBER: 12881297

STATEMENT OF FINANCIAL POSITION

AS AT 31 AUGUST 2021

		2021
Note		£


Current assets
Stocks	3	302,578
Debtors: amounts falling due within one year	4	78,859
		381,437
Creditors: amounts falling due within one year	5	(422,459)
Net current (liabilities)/assets			(41,022)
Total assets less current liabilities			(41,022)

Net (liabilities)/assets			(41,022)

Capital and reserves
Called up share capital			100
Profit and loss account			(41,122)
			(41,022)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 May 2022.

N Raval

Director

Page 1

PROPERTY PURCHASING 4 LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 AUGUST 2021

	Called up share capital	Profit and loss account	Total equity
	£	£	£
Comprehensive income for the period
Loss for the period	-	(41,122)	(41,122)
Other comprehensive income for the period	-	-	-
Total comprehensive income for the period	-	(41,122)	(41,122)
Shares issued during the period	100	-	100
Total transactions with owners	100	-	100
At 31st August 2021	100	(41,122)	(41,022)

Page 2

PROPERTY PURCHASING 4 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31ST AUGUST 2021

1.	General information

Property Purchasing 4 Limited is a limited company domiciled and incorporated in England and Wales. The registered office is First floor, 27 Charlotte Road, London, England, EC2A 3PB.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue from the sale of properties is recognised when the significant risks and rewards of ownership have transferred to the buyers, 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. This is usually on legal completion of the sale.

2.3

Stocks

Stock are stated at cost. Cost includes all costs of purchase and other costs incurred in bringing the stock to suitable condition. Stock represents properties held for resale.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.5

Creditors

Short term creditors are measured at the transaction price.

3.	Stocks
		2021
		£

	Finished goods and goods for resale	302,578
		302,578

Debtors

Page 3

PROPERTY PURCHASING 4 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31ST AUGUST 2021

					2021
					£


	Amounts owed by group undertakings	62,483
	Other debtors	16,376
		78,859

5.	Creditors: Amounts falling due within one year
		2021
		£

	Other loans	298,539
	Trade creditors	2,578
	Amounts owed to group undertakings	121,342
		422,459

6.	Related party transactions
	The Company is exempt from disclosing related party transactions with companies that are wholly owned within the Group.

Page 4