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Registered number: 10806090
Propertibox Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Thorne Smith Accountants Ltd T/A MSB Benfleet
105 London Road
Tarpots Corner
Benfleet
Essex
SS7 5TG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10806090
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 187,001 187,001
187,001 187,001
CURRENT ASSETS
Cash at bank and in hand 61,693 16,477
61,693 16,477
Creditors: Amounts Falling Due Within One Year 5 (119,507 ) (110,404 )
NET CURRENT ASSETS (LIABILITIES) (57,814 ) (93,927 )
TOTAL ASSETS LESS CURRENT LIABILITIES 129,187 93,074
Creditors: Amounts Falling Due After More Than One Year 6 (383,485 ) (320,090 )
NET LIABILITIES (254,298 ) (227,016 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (254,398 ) (227,116 )
SHAREHOLDERS' FUNDS (254,298) (227,016)
Page 1
Page 2
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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Colin Harper-Penman
Director
31/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Propertibox Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10806090 . The registered office is 105 London Road, Benfleet, Essex, SS7 5TG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 1% Reducing balance
Leasehold 0%
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:0 NIL (2022: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Leasehold Total
£ £ £
Cost
As at 1 November 2022 102,000 85,001 187,001
As at 31 October 2023 102,000 85,001 187,001
Net Book Value
As at 31 October 2023 102,000 85,001 187,001
As at 1 November 2022 102,000 85,001 187,001
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts (3,687 ) (612 )
Accruals and deferred income 1,200 1,200
Directors' loan accounts 121,994 109,816
119,507 110,404
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors - Mortgage Joseph lister (1) (Long term liabilities - creditors > 1 year) 74,160 46,757
Other creditors - Eves Loan (2) (Long term liabilities - creditors > 1 year) 150,490 126,116
Other creditors - Newtown House Ltd activity (3) (Long term liabilities - creditors > 1 year) 20,168 25,273
Other creditors - colin - old road loan (4) (Long term liabilities - creditors > 1 year) 48,781 48,781
Other creditors - Mortgage 133B Grange Road (Long term liabilities - creditors > 1 year) 85,438 63,715
Other creditors - Gemmis Ltd (Long term liabilities - creditors > 1 year) 4,448 9,448
383,485 320,090
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4