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Registration number: 11353981

Propcap SPV2 Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

Propcap SPV2 Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5 to 6

Notes to the Unaudited Financial Statements

5

 

Propcap SPV2 Limited

Company Information

Directors

Mrs Roberta Sutherland

Mr Adam Talbot William Sutherland

Registered office

176-178 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE

Accountants

Thorntons Accounting Limited
Chartered Certified Accountants
176-178 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE

 

Propcap SPV2 Limited

Directors' Report for the Year Ended 31 May 2023

The directors present their report and the financial statements for the year ended 31 May 2023.

This report has been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.

Directors of the company

The directors who held office during the year were as follows:

Mrs Roberta Sutherland

Mr Adam Talbot William Sutherland

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 Board on 23 February 2024 and signed on its behalf by:
 

.........................................
Mr Adam Talbot William Sutherland
Director

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Propcap SPV2 Limited
for the Year Ended 31 May 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Propcap SPV2 Limited for the year ended 31 May 2023 as set out on pages 4 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Propcap SPV2 Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Propcap SPV2 Limited and state those matters that we have agreed to state to the Board of Directors of Propcap SPV2 Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Propcap SPV2 Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Propcap SPV2 Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Propcap SPV2 Limited. You consider that Propcap SPV2 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Propcap SPV2 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Thorntons Accounting Limited
Chartered Certified Accountants
176-178 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE

23 February 2024

 

Propcap SPV2 Limited

Profit and Loss Account for the Year Ended 31 May 2023

2023
£

2022
£

turnover

27,231

25,801

Other charges

(3,619)

30,199

Profit/(loss) for the year

30,850

(4,398)

 

Propcap SPV2 Limited

(Registration number: 11353981)
Balance Sheet as at 31 May 2023

2023
£

2022
£

Fixed assets

295,000

275,000

Current assets

8,794

2,964

Creditors: Amounts falling due within one year

(50,561)

(55,941)

Net current liabilities

(41,767)

(52,977)

Total assets less current liabilities

253,233

222,023

Creditors: Amounts falling due after more than one year

(210,375)

(210,375)

Accruals and deferred income

(684)

(324)

 

42,174

11,324

Capital and reserves

42,174

11,324

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
176-178 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE

These financial statements were authorised for issue by the Board on 23 February 2024.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Propcap SPV2 Limited

(Registration number: 11353981)
Balance Sheet as at 31 May 2023

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006.

Approved and authorised by the Board on 23 February 2024 and signed on its behalf by:
 

.........................................
Mr Adam Talbot William Sutherland
Director