Company Registration No. 13013527 (England and Wales)
Propco Global Limited
Unaudited accounts
for the year ended 30 November 2023
Propco Global Limited
Unaudited accounts
Contents
Propco Global Limited
Company Information
for the year ended 30 November 2023
Directors
Serge Albohayre
Leah Albohayre
Company Number
13013527 (England and Wales)
Registered Office
483 Green Lanes
London
N13 4B
Propco Global Limited
Statement of financial position
as at 30 November 2023
Investments
332,202
332,202
Cash at bank and in hand
15,744
5,364
Creditors: amounts falling due within one year
(118,881)
(121,415)
Net current liabilities
(102,928)
(115,842)
Total assets less current liabilities
229,274
216,360
Creditors: amounts falling due after more than one year
(215,759)
(222,584)
Net assets/(liabilities)
13,515
(6,224)
Called up share capital
1,000
1,000
Profit and loss account
12,515
(7,224)
Shareholders' funds
13,515
(6,224)
For the year ending 30 November 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 31 July 2024 and were signed on its behalf by
Serge Albohayre
Director
Company Registration No. 13013527
Propco Global Limited
Notes to the Accounts
for the year ended 30 November 2023
Propco Global Limited is a private company, limited by shares, registered in England and Wales, registration number 13013527. The registered office is 483 Green Lanes, London, N13 4B.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Investments
Subsidiary undertakings
Valuation at 1 December 2022
332,202
Valuation at 30 November 2023
332,202
Amounts falling due within one year
Accrued income and prepayments
209
209
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
7,916
7,916
Taxes and social security
2,935
-
Other creditors
50,000
50,000
Loans from directors
58,030
52,002
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
215,759
222,584
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).