The Property Wizards Services Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 13731333 (England and Wales)

Unaudited Financial Statements

for the Period 9 November 2021 to 30 November 2022

for

The Property Wizards Services Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

P D Halsted

Mrs K S Halsted

REGISTERED OFFICE:

41 Brookfield Lane

Churchdown

Gloucester

Gloucestershire

GL3 2PR

REGISTERED NUMBER:

13731333 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

The White House

162 Hucclecote Road

Hucclecote

Gloucester

Gloucestershire

GL3 3SH

CURRENT ASSETS

Debtors

4

3,888

Cash at bank

11,377

15,265

CREDITORS

Amounts falling due within one year

5

16,275

NET CURRENT LIABILITIES

(1,010

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,010

)

CAPITAL AND RESERVES

Called up share capital

6

100

Retained earnings

(1,110

)

SHAREHOLDERS' FUNDS

(1,010

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2022 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 18 July 2023 and were signed on its behalf by:

P D Halsted - Director

1.	STATUTORY INFORMATION

The Property Wizards Services Ltd 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.

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.

Taxation

Taxation for the period 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 statement of financial position date.

Going concern

Despite net current liabilities of £1,010 at 30 November 2022, the accounts have been prepared on a going concern basis.

The directors have reviewed future cash flows and expressed their willingness to financially support the company for the foreseeable future and therefore consider it appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

3,494

Other debtors

394

3,888

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

16,275

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

7.	RELATED PARTY DISCLOSURES

P D Halstead & Mrs K S Halstead

Directors

At 30 November 2022 the above directors were owed £15,649. The loan, included within other creditors, is interest free and has no fixed repayment terms.

The Property Wizards Group Ltd

Parent company

At 30 November 2022 the company was owed £3,494 from The Property Wizards Group Ltd. The balance is interest free with no fixed repayment terms.

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by The Property Wizards Group Ltd, a company controlled by the Director Mrs K S Halsted. The Property Wizards Group Ltd, which shares the same registered office as The Property Wizards Services Ltd, has taken the option under Section 399(2A) of the Companies Act 2006 not to prepare consolidated financial statements.