1 November 2022 false No description of principal activity Taxfiler 2024.4 11739486business:PrivateLimitedCompanyLtd2022-11-012023-10-31 117394862022-10-31 11739486business:EntityNoLongerTradingButTradedInPast2022-11-012023-10-31 117394862022-11-012023-10-31 11739486business:AuditExemptWithAccountantsReport2022-11-012023-10-31 11739486business:FilletedAccounts2022-11-012023-10-31 117394862023-10-31 11739486business:Director12022-11-012023-10-31 11739486business:RegisteredOffice2022-11-012023-10-31 117394862022-10-31 11739486core:WithinOneYear2023-10-31 11739486core:WithinOneYear2022-10-31 11739486core:AfterOneYear2023-10-31 11739486core:AfterOneYear2022-10-31 11739486core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 11739486core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 11739486core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 11739486core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 11739486core:PreviouslyStatedAmount2023-10-31 11739486core:PreviouslyStatedAmount2022-10-31 11739486business:SmallEntities2022-11-012023-10-31 11739486countries:EnglandWales2022-11-012023-10-31 11739486core:IntangibleAssetsOtherThanGoodwill2022-10-31 11739486core:IntangibleAssetsOtherThanGoodwill2023-10-31 117394862021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. 11739486 (England and Wales)
Free Property Agent Limited Unaudited accounts for the year ended 31 October 2023
Free Property Agent Limited Unaudited accounts Contents
Page
- 2 -
Free Property Agent Limited Company Information for the year ended 31 October 2023
Director
Rajiv Kumar Singh
Company Number
11739486 (England and Wales)
Registered Office
10 Daventer Drive, Stanmore, London England HA7 3LJ England
Accountants
CoreAdviz Digital Finance Ltd 10 Daventer Drive Stanmore HA7 3TJ
- 3 -
Free Property Agent Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
35,419 
35,419 
Current assets
Debtors
659 
635 
Cash at bank and in hand
565 
(815)
1,224 
(180)
Creditors: amounts falling due within one year
(40,086)
(83,254)
Net current liabilities
(38,862)
(83,434)
Total assets less current liabilities
(3,443)
(48,015)
Creditors: amounts falling due after more than one year
(154,203)
(72,986)
Net liabilities
(157,646)
(121,001)
Capital and reserves
Called up share capital
32,351 
32,351 
Profit and loss account
(189,997)
(153,352)
Shareholders' funds
(157,646)
(121,001)
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 30 July 2024 and were signed on its behalf by
Rajiv Kumar Singh Director Company Registration No. 11739486
- 4 -
Free Property Agent Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Free Property Agent Limited is a private company, limited by shares, registered in England and Wales, registration number 11739486. The registered office is 10 Daventer Drive, , Stanmore,, London, England, HA7 3LJ, England.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2022
35,419 
At 31 October 2023
35,419 
Amortisation
At 1 November 2022
- 
At 31 October 2023
- 
Net book value
At 31 October 2023
35,419 
At 31 October 2022
35,419 
Other Intangible value is cost towards unpaid worked hours incurred during development phase of system infrastructure, software - knowHow built by founders. Since system infrastructure is in development stage of startup development and hence amortisation / impairment has not been calculated this year.
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
511 
635 
Other debtors
148 
- 
659 
635 
- 5 -
Free Property Agent Limited Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
39,318 
83,113 
Taxes and social security
27 
- 
Loans from directors
741 
141 
40,086 
83,254 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
10,895 
14,536 
Loans from directors
143,308 
58,450 
154,203 
72,986 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 6 -