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REGISTERED NUMBER: 09627610 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

PROPERTYWARE LIMITED

PROPERTYWARE LIMITED (Registered number: 09627610)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PROPERTYWARE LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTOR: A Simitsis





REGISTERED OFFICE: 47 Grimwood Road
Twickenham
TW1 1BY





REGISTERED NUMBER: 09627610 (England and Wales)





ACCOUNTANTS: Golder Baqa Limited
Ground Floor
1 Baker's Row
London
EC1R 3DB

PROPERTYWARE LIMITED (Registered number: 09627610)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 390,000 390,000

CURRENT ASSETS
Debtors 5 3,064 116
Cash at bank 65 928
3,129 1,044
CREDITORS
Amounts falling due within one year 6 193,909 193,163
NET CURRENT LIABILITIES (190,780 ) (192,119 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,220

197,881

CREDITORS
Amounts falling due after more than one
year

7

(228,000

)

(228,000

)

PROVISIONS FOR LIABILITIES (4,208 ) (4,208 )

ACCRUALS AND DEFERRED INCOME (1,920 ) -
NET LIABILITIES (34,908 ) (34,327 )

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 9 (22,152 ) (22,152 )
Retained earnings (12,757 ) (12,176 )
(34,908 ) (34,327 )

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 director acknowledges his 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.

PROPERTYWARE LIMITED (Registered number: 09627610)

Statement of Financial Position - 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 director and authorised for issue on 27 February 2024 and were signed by:





A Simitsis - Director


PROPERTYWARE LIMITED (Registered number: 09627610)

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

1. STATUTORY INFORMATION

PROPERTYWARE LIMITED 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of services, excluding Value Added Tax.

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 recognized in the Income Statement, except to the extent it relates to items recognized in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognized at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognized in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognized 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 recognized 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 1 (2022 - 1 ) .

PROPERTYWARE LIMITED (Registered number: 09627610)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 390,000
NET BOOK VALUE
At 30 June 2023 390,000
At 30 June 2022 390,000

There is a fixed charge on the investment property as security for the mortgage amounting to £228,000.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 1,333 -
Other debtors 1,731 116
3,064 116

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 1,616 -
Directors' loan account 192,293 191,243
Accrued expenses - 1,920
193,909 193,163

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans more 5 yrs 228,000 228,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs 228,000 228,000

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 228,000 228,000

Bank loan is secured by a fixed charge over the company's investment property and a personal guarantee by the director.

PROPERTYWARE LIMITED (Registered number: 09627610)

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

9. RESERVES
Fair
value
reserve
£   
At 1 July 2022
and 30 June 2023 (22,152 )

10. RELATED PARTY DISCLOSURES

At the balance sheet date an amount of £192,293 (2022: £191,243) was owed to Mr A Simitsis. This loan is unsecured , interest free and repayable on demand.