PROXIMO 3 LTD

Company Registration Number:
05976961 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

PROXIMO 3 LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 11

PROXIMO 3 LTD

Company Information

for the Period Ended 31 March 2024




Registered office: Crown House
Old Gloucester Street
London
England
WC1N 3AX
Company Registration Number: 05976961 (England and Wales)

PROXIMO 3 LTD

Profit and Loss Account

for the Period Ended 31 March 2024


Notes

2024
£

2023
£
Gross Profit or (Loss) 276,718 136,883
Administrative Expenses ( 227,664 ) ( 165,966 )
Operating Profit or (Loss) 49,054 ( 29,083 )
Profit or (Loss) Before Tax 49,054 ( 29,083 )
Tax on Profit ( 9,048 ) 5,545
Profit or (Loss) for Period 40,006 ( 23,538 )

The notes form part of these financial statements

PROXIMO 3 LTD

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 5 6,689 2,661
Total fixed assets: 6,689 2,661
Current assets
Debtors: 101,614 55,667
Cash at bank and in hand: 94,462 76,276
Total current assets: 196,076 131,943
Prepayments and accrued income: 6,000 257
Creditors: amounts falling due within one year: ( 92,853 ) ( 62,915 )
Net current assets (liabilities): 109,223 69,285
Total assets less current liabilities: 115,912 71,946
Creditors: amounts falling due after more than one year: ( 16,500 )
Accruals and deferred income: ( 33,960 )
Total net assets (liabilities): 81,952 55,446

The notes form part of these financial statements

PROXIMO 3 LTD

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 81,951 55,445
Shareholders funds: 81,952 55,446

For the year ending 31 March 2024 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 9 August 2024
And Signed On Behalf Of The Board By:

Name: Mark Christie
Status: Director

The notes form part of these financial statements

PROXIMO 3 LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Turnover policy

    - Revenue is recognized to the extent that it is probable that the economic benefits will flow to the company and the revenue
    can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding
    discounts, rebates, VAT, and other sales taxes.
    - Sale of Goods: Revenue from the sale of goods is recognized when the significant risks and rewards of ownership have been
    transferred to the buyer, which is generally when the goods are delivered and title has passed.
    - Rendering of Services: Revenue from the rendering of services is recognized when the services are delivered, and the
    amount of revenue can be measured reliably.

    Tangible fixed assets depreciation policy

    - Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less
    estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:
    - IT Equipment: 4 years
    - Fixtures and Fittings: 4 years
    - Impairment: At each reporting date, fixed assets are reviewed to determine whether there is any indication that those
    assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated to
    determine the extent of the impairment loss (if any). Where the asset does not generate cash flows that are independent
    from other assets, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

PROXIMO 3 LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 5 4

PROXIMO 3 LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

PROXIMO 3 LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Dividends


2024
£

2023
£
Dividends paid 13,500 0

PROXIMO 3 LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Tangible Assets

Total
Cost £
At 01 April 2023 3,513
Additions 4,939
Disposals -
Revaluations -
Transfers -
At 31 March 2024 8,452
Depreciation
At 01 April 2023 852
Charge for year 911
On disposals -
Other adjustments -
At 31 March 2024 1,763
Net book value
At 31 March 2024 6,689
At 31 March 2023 2,661