Thepropertysaints Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07421770 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 MARCH 2022

FOR

THEPROPERTYSAINTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs N P Bees

REGISTERED OFFICE:

6 Bridge Street

Northampton

Northamptonshire

NN1 1NW

REGISTERED NUMBER:

07421770 (England and Wales)

ACCOUNTANTS:

Lucentum Business Services Ltd

Kingfisher House

11 Hoffmanns Way

Chelmsford

Essex

CM1 1GU

CURRENT ASSETS

Debtors

4

76,190

45,628

Cash at bank

16,177

20,662

92,367

66,290

CREDITORS

Amounts falling due within one year

5

132,075

51,221

NET CURRENT (LIABILITIES)/ASSETS

(39,708

)

15,069

TOTAL ASSETS LESS CURRENT LIABILITIES

(39,708

)

15,069

CREDITORS

Amounts falling due after more than one year

6

-

41,667

NET LIABILITIES

(39,708

)

(26,598

)

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

(39,710

)

(26,600

)

SHAREHOLDERS' FUNDS

(39,708

)

(26,598

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 28 March 2023 and were signed by:

Mrs N P Bees - Director

1.	STATUTORY INFORMATION

Thepropertysaints Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Monetary amounts are rounded to the nearest Pound (£).

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.

Turnover

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

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the income statement in the same period as the related expenditure.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

76,190

45,628

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

-

8,333

Trade creditors

-

2,058

Taxation and social security

(2,683

)

6,009

Other creditors

134,758

34,821

132,075

51,221

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

-

41,667

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

1,667

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

2

ordinary shares

£1

2

2

8.	RELATED PARTY DISCLOSURES

Included within other creditors are amounts owed the the directors totalling £42,757 (2021: £16,753). No interest is charged on this loan.