Registration number:
B. PROJECT REAL ESTATE LTD
for the Year Ended 31 March 2023
B. PROJECT REAL ESTATE LTD
Contents
Company Information |
|
Director's Report |
|
Profit and Loss Account |
|
Statement of Comprehensive Income |
|
Balance Sheet |
|
Statement of Changes in Equity |
|
Notes to the Unaudited Financial Statements |
B. PROJECT REAL ESTATE LTD
Company Information
Director |
Emanuele Sarnella |
Registered office |
|
Accountants |
|
B. PROJECT REAL ESTATE LTD
Director's Report for the Year Ended 31 March 2023
The report and the financial statements for the year ended 31 March 2023.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is that of an investment holding company.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
......................................... |
B. PROJECT REAL ESTATE LTD
Profit and Loss Account for the Year Ended 31 March 2023
Note |
2023 |
2022 |
|
Turnover |
- |
- |
|
Gross profit/(loss) |
- |
- |
|
Administrative expenses |
( |
( |
|
Other operating income |
|
|
|
Operating loss |
(6,175) |
(20,945) |
|
Gain/(loss) on financial assets at fair value through profit and loss |
|
( |
|
Other interest receivable and similar income |
( |
|
|
(13,404) |
(215,163) |
||
Loss before tax |
( |
( |
|
Loss for the financial year |
( |
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
B. PROJECT REAL ESTATE LTD
Statement of Comprehensive Income for the Year Ended 31 March 2023
2023 |
2022 |
|
Loss for the year |
( |
( |
Total comprehensive income for the year |
( |
( |
B. PROJECT REAL ESTATE LTD
(Registration number: 12529083)
Balance Sheet as at 31 March 2023
Note |
2023 |
2022 |
|
Fixed assets |
|||
Other financial assets |
479,047 |
443,315 |
|
Current assets |
|||
Cash at bank and in hand |
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Net liabilities |
( |
( |
|
Capital and reserves |
|||
Called up share capital |
100 |
100 |
|
Retained earnings |
(255,687) |
(236,108) |
|
Shareholders' deficit |
(255,587) |
(236,008) |
For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
......................................... |
B. PROJECT REAL ESTATE LTD
Statement of Changes in Equity for the Year Ended 31 March 2023
Share capital |
Retained earnings |
Total |
|
At 1 April 2022 |
|
( |
( |
Loss for the year |
- |
( |
( |
At 31 March 2023 |
|
( |
( |
Share capital |
Retained earnings |
Total |
|
At 1 April 2021 |
|
- |
|
Loss for the year |
- |
( |
( |
At 31 March 2022 |
|
( |
( |
B. PROJECT REAL ESTATE LTD
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
B. PROJECT REAL ESTATE LTD
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Other financial assets (current and non-current) |
Financial assets at fair value through profit and loss |
Total |
|
Non-current financial assets |
||
Cost or valuation |
||
Additions |
479,047 |
479,047 |
At 31 March 2023 |
479,047 |
479,047 |
Impairment |
||
Carrying amount |
||
At 31 March 2023 |
|
479,047 |
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
|
Due within one year |
||
Other creditors |
|
|
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |
Related party transactions |
Loans from related parties
B. PROJECT REAL ESTATE LTD
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
2023 |
Other related parties |
Total |
At start of period |
|
|
Advanced |
|
|
At end of period |
|
|
|
2022 |
Other related parties |
Total |
Advanced |
|
|
At end of period |
|
|
|
Terms of loans from related parties