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Company Registration No. 13349380 (England and Wales)
PROPERTY WEALTH INVEST LIMITED Unaudited accounts for the year ended 30 April 2023
PROPERTY WEALTH INVEST LIMITED Unaudited accounts Contents
Page
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PROPERTY WEALTH INVEST LIMITED Company Information for the year ended 30 April 2023
Directors
Olaniyi Soaga Mildred Moses-Aguebor
Company Number
13349380 (England and Wales)
Registered Office
32 SUSSEX ROAD DARTFORD KENT DA1 1SH UNITED KINGDOM
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PROPERTY WEALTH INVEST LIMITED Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
493,591 
493,591 
Current assets
Debtors
2,492 
2,492 
Cash at bank and in hand
1,321 
8,158 
3,813 
10,650 
Creditors: amounts falling due within one year
(2,252)
(2,252)
Net current assets
1,561 
8,398 
Total assets less current liabilities
495,152 
501,989 
Creditors: amounts falling due after more than one year
(806,415)
(666,134)
Net liabilities
(311,263)
(164,145)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(312,263)
(165,145)
Shareholders' funds
(311,263)
(164,145)
For the year ending 30 April 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 30 April 2024 and were signed on its behalf by
Olaniyi Soaga Director Company Registration No. 13349380
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PROPERTY WEALTH INVEST LIMITED Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
PROPERTY WEALTH INVEST LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13349380. The registered office is 32 SUSSEX ROAD, DARTFORD, KENT, DA1 1SH, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 1 May 2022
493,591 
At 30 April 2023
493,591 
Depreciation
At 30 April 2023
- 
Net book value
At 30 April 2023
493,591 
At 30 April 2022
493,591 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
2,492 
2,492 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
2,252 
2,252 
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PROPERTY WEALTH INVEST LIMITED Notes to the Accounts for the year ended 30 April 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
585,083 
459,249 
Amounts owed to group undertakings and other participating interests
- 
78,985 
Other creditors
- 
126,100 
Loans from directors
219,532 
- 
Accruals
1,800 
1,800 
806,415 
666,134 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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