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
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
Pranam Properties Limited
Statement of financial position
as at 28 February 2023
Investment property
114,000
92,000
Cash at bank and in hand
33,293
39,259
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
Net liabilities
(18,772)
(28,826)
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
Pranam Properties Limited
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 March 2022
92,000
Net gain from fair value adjustments
22,000
At 28 February 2023
114,000
Amounts falling due within one year
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
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).