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REGISTERED NUMBER: 12250122 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2021 TO 31 DECEMBER 2022

FOR

PROPERTYLOOP LTD

PROPERTYLOOP LTD (REGISTERED NUMBER: 12250122)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2021 TO 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROPERTYLOOP LTD

COMPANY INFORMATION
FOR THE PERIOD 1 NOVEMBER 2021 TO 31 DECEMBER 2022







DIRECTORS: I Khan
H Sira
T C Stenzel





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 12250122 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

PROPERTYLOOP LTD (REGISTERED NUMBER: 12250122)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,990,638 1,090,686

CURRENT ASSETS
Debtors 5 778,974 16,603
Cash at bank 37,002 18,161
815,976 34,764
CREDITORS
Amounts falling due within one year 6 82,706 80,239
NET CURRENT ASSETS/(LIABILITIES) 733,270 (45,475 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,723,908

1,045,211

CREDITORS
Amounts falling due after more than one
year

7

3,588,167

1,465,003
NET LIABILITIES (864,259 ) (419,792 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (864,359 ) (419,892 )
(864,259 ) (419,792 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 4 September 2023 and were signed on its behalf by:





H Sira - Director


PROPERTYLOOP LTD (REGISTERED NUMBER: 12250122)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2021 TO 31 DECEMBER 2022

1. STATUTORY INFORMATION

Propertyloop 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.

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


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements,estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. the estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements

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

Intangible assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.The intangible asset is a web development cost with economic life of 10 years after which it will expire.

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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 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 period 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.

PROPERTYLOOP LTD (REGISTERED NUMBER: 12250122)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2021 TO 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued

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 period was 7 (2021 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2021 1,218,955
Additions 1,179,453
At 31 December 2022 2,398,408
AMORTISATION
At 1 November 2021 128,269
Charge for period 279,501
At 31 December 2022 407,770
NET BOOK VALUE
At 31 December 2022 1,990,638
At 31 October 2021 1,090,686

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 10,586 360
Other debtors 768,388 16,243
778,974 16,603

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts - 1,590
Trade creditors 62,270 40,158
Taxation and social security 15,986 14,448
Other creditors 4,450 24,043
82,706 80,239

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Amounts owed to connected companies 1,515,003 1,465,003
Other creditors 2,073,164 -
3,588,167 1,465,003

PROPERTYLOOP LTD (REGISTERED NUMBER: 12250122)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2021 TO 31 DECEMBER 2022

8. RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due after more than one year, is an amount of £2,073,164 (2021: £Nil) owed to a parent company, registered in England and Wales. The loan is interest free and repayable on demand.

Included in creditors, amounts falling due after more than one year, is an amount of £1,515,003 (2021: £1,465,003) owed to a connected company, registered in England and Wales. The loan is interest free and repayable on demand.