Propmark Partnership Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor, 167-169 Great Portland Street, London, W1W 5PF.
The accounts presented cover a 14 month period from incorporation on 28th January 2022 to 31st March 2023.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Basic financial assets, which include debtors and 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.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
In the application of the company’s accounting policies, the directors are 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.
The average monthly number of persons (including directors) employed by the company during the period was:
Bank loans represent mortgages secured on the investment property portfolio as follows:
Interbay Funding Limited has charges over the following properties:
Flat 1, Colehill Gardens, Fulham Palace Road, London, SW6 6SY
306 Upper Richmond Road West, London, SW14 7JG
Flat 1C Cassidy Road, London, SW6 5QH
Ground Floor Flat, 2 Melrose Gardens, London, W6 7RW
First Floor Flat, 2 Melrose Gardens, London, W6 7RW
Flat D, Second Floor, 2 Melrose Gardens, London, W6 7RW
Flat E, Third Floor Flat, 2 Melrose Gardens, London, W6 7RW
Flat 1, 3a Bloemfontein Avenue, London, W12 3BJ
Flat 2, 3a Bloemfontein Avenue, London, W12 3BJ
Flat 3, 3a Bloemfontein Avenue, London, W12 3BJ
Flat 3, 3b Bloemfontein Avenue, London, W12 3BJ
Flat 5, Suffolk House, Sulgrave Road, London, W6 7QS
Ground Floor Flat, 15 Munster Road, London, SW6 4ER
First Floor Flat, 15 Munster Road, London, SW6 4ER
Top Floor Flat, 15 Munster Road, London, SW6 4ER
Basement and Ground Floor, Flat A, 85 Iffley Road, London, W6 0PD
First Floor, Flat B, 85 Iffley Road, London, W6 0PD
Second Floor, Flat C, 85 Iffley Road, London, W6 0PD
85 Leverson Street, London, SW16 6DG
113 Hardy Road, Wimbledon, London, SW19 1JB
126 Melody Road, London, SW18 2QG
242 Acton Lane, Acton, W4 5DL
Flat A, 244 Acton Lane, London, London, W4 5DL
Flat B, 244 Acton Lane, London, London, W4 5DL
Flat C, 244 Acton Lane, London, London, W4 5DL
Flat D, 244 Acton Lane, London, London, W4 5DL
291b Lillie Road, London, SW6 7LL
306A Upper Richmond Road West, SW14 7JG
306B Upper Richmond Road West, SW14 7JG
377 Fulham Palace Road, Fulham, SW6 6TD
Onesavings bank has charges over the following properties:
306C Upper Richmond Road West, London, SW14 7JG
Flat A, 57 Weltje Road, London, W6 9LS
Flat B, 57 Weltje Road, London, W6 9LS
Flat C, 57 Weltje Road, London, W6 9LS
Flat D, 57 Weltje Road, London, W6 9LS
57 Weltje Road, London, W6 9LS
Flat 4, Grierson House, Aldrington Road, London, SW16 1TN
Flat b, 458 Fulham Palace Road, London, SW6 1BY
Flat a, 458 Fulham Palace Road, London, SW6 1BY
27 Lochaline Street, London, W6 9SJ
17 Ackmar Road, London, SW6 4UP
15 Reynolds Road, London, W4 5AR
65 Macfarlane Road, London, W12 7JY
12 Clarence Road, London, W4 3AS
78 Rannoch Road, London, W6 9SP
2 Holyport Road, London, SW6 6LZ
9 St Stephens Avenue, London, W12 8JB