PROTON LORAC PROPERTIES LIMITED

Company Registration Number:
11632037 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

PROTON LORAC PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

PROTON LORAC PROPERTIES LIMITED

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Called up share capital not paid: 2 2
Fixed assets
Tangible assets: 3 2,662,500 2,662,500
Total fixed assets: 2,662,500 2,662,500
Current assets
Cash at bank and in hand: 37,266 164,943
Total current assets: 37,266 164,943
Creditors: amounts falling due within one year: 4 (11,411) (22,656)
Net current assets (liabilities): 25,855 142,287
Total assets less current liabilities: 2,688,357 2,804,789
Creditors: amounts falling due after more than one year: 5 (2,173,744) (2,243,348)
Total net assets (liabilities): 514,613 561,441
Capital and reserves
Called up share capital: 2 2
Revaluation reserve:6493,000493,000
Profit and loss account: 21,611 68,439
Shareholders funds: 514,613 561,441

The notes form part of these financial statements

PROTON LORAC PROPERTIES LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 July 2024
and signed on behalf of the board by:

Name: S J Innes
Status: Director

The notes form part of these financial statements

PROTON LORAC PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PROTON LORAC PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

PROTON LORAC PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 01 November 2022 2,662,500
At 31 October 2023 2,662,500
Depreciation
At 01 November 2022 0
At 31 October 2023 0
Net book value
At 31 October 2023 2,662,500
At 31 October 2022 2,662,500

PROTON LORAC PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Creditors: amounts falling due within one year note

Other Creditors £11,411

PROTON LORAC PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due after more than one year note

Bank Loans £1,773,856Other Creditors £399,888

PROTON LORAC PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Revaluation reserve

2023
£
Balance at 01 November 2022 493,000
Surplus or deficit after revaluation 0
Balance at 31 October 2023 493,000