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REGISTERED NUMBER: 12753514 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2023

FOR

PROPERTY INTELLECTS LIMITED

PROPERTY INTELLECTS LIMITED (REGISTERED NUMBER: 12753514)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PROPERTY INTELLECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Ms B Nadir
Mr N Rashid





REGISTERED OFFICE: C/o Accountsnet Manchester Business Park
3000 Aviator Way
Manchester
M22 5TG





REGISTERED NUMBER: 12753514 (England and Wales)





ACCOUNTANTS: JSA Services Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

PROPERTY INTELLECTS LIMITED (REGISTERED NUMBER: 12753514)

ABRIDGED BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 65,000 115,446

CURRENT ASSETS
Debtors 10 10
Cash at bank 44,207 256
44,217 266
CREDITORS
Amounts falling due within one year 127,925 137,635
NET CURRENT LIABILITIES (83,708 ) (137,369 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,708

)

(21,923

)

CAPITAL AND RESERVES
Called up share capital 6 10 10
Fair value reserve (8,004 ) (6,205 )
Retained earnings (10,714 ) (15,728 )
SHAREHOLDERS' FUNDS (18,708 ) (21,923 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

PROPERTY INTELLECTS LIMITED (REGISTERED NUMBER: 12753514)

ABRIDGED BALANCE SHEET - continued
31 JULY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 April 2024 and were signed on its behalf by:





Mr N Rashid - Director


PROPERTY INTELLECTS LIMITED (REGISTERED NUMBER: 12753514)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Property Intellects 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

At the balance sheet date, the company's liabilities exceed its assets. The company has received assurances from its shareholders that they will continue to give full financial support to the company for the next twelve months.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 115,446
Additions 17,558
Disposals (60,000 )
Revaluations (8,004 )
At 31 July 2023 65,000
NET BOOK VALUE
At 31 July 2023 65,000
At 31 July 2022 115,446

PROPERTY INTELLECTS LIMITED (REGISTERED NUMBER: 12753514)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


5. INVESTMENT PROPERTY - continued

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2022 (6,205 )
Valuation in 2023 (1,799 )
Cost 73,004
65,000

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Ms B Nadir
Balance outstanding at start of year (136,586 ) (80,676 )
Amounts advanced 38,636 28,500
Amounts repaid (29,873 ) (84,410 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (127,823 ) (136,586 )