Company Registration No. 11207801 (England and Wales)
PROPER INVESTY LIMITED
Unaudited accounts
for the year ended 29 February 2024
PROPER INVESTY LIMITED
Unaudited accounts
Contents
PROPER INVESTY LIMITED
Company Information
for the year ended 29 February 2024
Company Number
11207801 (England and Wales)
Registered Office
57 Woodlands
London
NW11 9QS
Accountants
Kimee & Associates
Office T, First Floor, Raydean House,
15-17 Western Parade, Great North Road
Barnet, London
EN5 1AH
PROPER INVESTY LIMITED
Statement of financial position
as at 29 February 2024
Tangible assets
252,496
253,119
Cash at bank and in hand
249
349
Creditors: amounts falling due within one year
(110,058)
(96,866)
Net current liabilities
(109,809)
(96,517)
Total assets less current liabilities
142,687
156,602
Creditors: amounts falling due after more than one year
(190,315)
(190,315)
Net liabilities
(47,628)
(33,713)
Called up share capital
100
100
Profit and loss account
(47,728)
(33,813)
Shareholders' funds
(47,628)
(33,713)
For the year ending 29 February 2024 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 director acknowledges his 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 and authorised for issue on 1 April 2024 and were signed on its behalf by
Mr Yang Wu
Director
Company Registration No. 11207801
PROPER INVESTY LIMITED
Notes to the Accounts
for the year ended 29 February 2024
PROPER INVESTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11207801. The registered office is 57 Woodlands, London, NW11 9QS.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2023
250,000
6,234
256,234
At 29 February 2024
250,000
6,234
256,234
At 1 March 2023
-
3,115
3,115
Charge for the year
-
623
623
At 29 February 2024
-
3,738
3,738
At 29 February 2024
250,000
2,496
252,496
At 28 February 2023
250,000
3,119
253,119
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Creditors: amounts falling due within one year
2024
2023
Loans from directors
110,058
96,866
Loan provided by Director Mr Yang Wu
PROPER INVESTY LIMITED
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
190,315
190,315
Property: 35 Melrose Apartments, 2A, Bell Barn Road, Birmingham B15 2DN.
Financed by ONE SAVING BANK LTD
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 0 (2023: 0).