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Company Registration No. 12486980 (England and Wales)
Pranam Properties Limited Unaudited accounts for the year ended 28 February 2023
Pranam Properties Limited Unaudited accounts Contents
Page
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Pranam Properties Limited Company Information for the year ended 28 February 2023
Directors
Mr P Amin Mrs A Amin
Company Number
12486980 (England and Wales)
Registered Office
1 High Oaks Park Hill Loughton IG40 4ES United Kingdom
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Pranam Properties Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
114,000 
92,000 
Current assets
Debtors
54 
54 
Cash at bank and in hand
33,293 
39,259 
33,347 
39,313 
Creditors: amounts falling due within one year
(161,939)
(160,139)
Net current liabilities
(128,592)
(120,826)
Total assets less current liabilities
(14,592)
(28,826)
Provisions for liabilities
Deferred tax
(4,180)
- 
Net liabilities
(18,772)
(28,826)
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
(18,056)
(18,056)
Fair value reserve
22,000 
- 
Profit and loss account
(22,717)
(10,771)
Shareholders' funds
(18,772)
(28,826)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by
Mr P Amin Director Company Registration No. 12486980
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Pranam Properties Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Pranam Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12486980. The registered office is 1 High Oaks, Park Hill, Loughton, IG40 4ES, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2023 
£ 
Fair value at 1 March 2022
92,000 
Net gain from fair value adjustments
22,000 
At 28 February 2023
114,000 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
54 
54 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
25,000 
25,000 
Loans from directors
136,939 
135,139 
161,939 
160,139 
7
Transactions with related parties
At the balance sheet the company owed the directors £136,939, (2022-£135,139), this loan was interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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