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REGISTERED NUMBER: 11422862 (England and Wales)




















Financial Statements

for the Year Ended 30 June 2023

for

PROPPORTUNITY LTD

PROPPORTUNITY LTD (REGISTERED NUMBER: 11422862)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROPPORTUNITY LTD

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Ms S H Soo
A Lin





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 11422862 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

PROPPORTUNITY LTD (REGISTERED NUMBER: 11422862)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 5,092
Tangible assets 5 - 2
Investment property 6 320,891 273,858
320,891 278,952

CURRENT ASSETS
Debtors 7 4,810 70,873
Cash at bank 19,042 2,343
23,852 73,216
CREDITORS
Amounts falling due within one year 8 (250,550 ) (294,785 )
NET CURRENT LIABILITIES (226,698 ) (221,569 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,193

57,383

CREDITORS
Amounts falling due after more than one
year

9

(159,059

)

(159,750

)

PROVISIONS FOR LIABILITIES (7,796 ) -
NET LIABILITIES (72,662 ) (102,367 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11 (72,762 ) (102,467 )
SHAREHOLDERS' FUNDS (72,662 ) (102,367 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

PROPPORTUNITY LTD (REGISTERED NUMBER: 11422862)

Balance Sheet - continued
30 June 2023


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 6 March 2024 and were signed on its behalf by:




A Lin - Director



Ms S H Soo - Director


PROPPORTUNITY LTD (REGISTERED NUMBER: 11422862)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Propportunity 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 as modified by the revaluation of certain assets.

Turnover
Turnover 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 assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Know how are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

PROPPORTUNITY LTD (REGISTERED NUMBER: 11422862)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2022
and 30 June 2023 25,460
AMORTISATION
At 1 July 2022 20,368
Charge for year 5,092
At 30 June 2023 25,460
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 5,092

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2022
and 30 June 2023 2,370
DEPRECIATION
At 1 July 2022 2,368
Charge for year 2
At 30 June 2023 2,370
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 2

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 273,858
Additions 5,999
Revaluations 41,034
At 30 June 2023 320,891
NET BOOK VALUE
At 30 June 2023 320,891
At 30 June 2022 273,858

PROPPORTUNITY LTD (REGISTERED NUMBER: 11422862)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. INVESTMENT PROPERTY - continued

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2023 41,034
Cost 279,857
320,891

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 4,810 70,873

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 2,019 2,229
Other creditors 248,531 292,556
250,550 294,785

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 159,059 159,750

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Mortgage 159,059 159,750

The mortgage provided by Castle Trust Capital PLC is secured against the freehold interest in the land and properties known as 62 Catherine Street and 7 Walthall Street by way of a floating charge.

11. RESERVES
Retained
earnings
£   

At 1 July 2022 (102,467 )
Profit for the year 29,705
At 30 June 2023 (72,762 )

Reserves include the amount of £33,238 which is the net of tax revaluation of Investment Properties.

PROPPORTUNITY LTD (REGISTERED NUMBER: 11422862)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

12. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.