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Company Registration No. 10093381 (England and Wales)
Property Innovation Group Ltd Unaudited accounts for the year ended 31 March 2024
Property Innovation Group Ltd Unaudited accounts Contents
Page
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Property Innovation Group Ltd Company Information for the year ended 31 March 2024
Directors
Mario Coelho Teresa Coelho
Company Number
10093381 (England and Wales)
Registered Office
2ND FLOOR 43-45 HIGH ROAD BUSHEY HEATH WD23 1EE ENGLAND
Accountants
Charterwells Suite 8, 2nd Floor 43-45 High Road Bushey Heath WD23 1EE
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Property Innovation Group Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
159,956 
159,956 
Tangible assets
1,067,645 
1,067,716 
1,227,601 
1,227,672 
Current assets
Debtors
3,832 
- 
Cash at bank and in hand
36,388 
49,509 
40,220 
49,509 
Creditors: amounts falling due within one year
(378,082)
(405,179)
Net current liabilities
(337,862)
(355,670)
Total assets less current liabilities
889,739 
872,002 
Creditors: amounts falling due after more than one year
(891,251)
(889,045)
Net liabilities
(1,512)
(17,043)
Capital and reserves
Share premium
2 
2 
Profit and loss account
(1,514)
(17,045)
Shareholders' funds
(1,512)
(17,043)
For the year ending 31 March 2024 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 19 July 2024 and were signed on its behalf by
Mario Coelho Director Company Registration No. 10093381
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Property Innovation Group Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Property Innovation Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 10093381. The registered office is 2ND FLOOR 43-45 HIGH ROAD, BUSHEY HEATH, WD23 1EE, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% rbm
Fixtures & fittings
20% rbm
Computer equipment
20% rbm
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 April 2023
159,956 
At 31 March 2024
159,956 
Amortisation
At 1 April 2023
- 
At 31 March 2024
- 
Net book value
At 31 March 2024
159,956 
At 31 March 2023
159,956 
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Property Innovation Group Ltd Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
1,067,360 
878 
1,068,238 
At 31 March 2024
1,067,360 
878 
1,068,238 
Depreciation
At 1 April 2023
- 
522 
522 
Charge for the year
- 
71 
71 
At 31 March 2024
- 
593 
593 
Net book value
At 31 March 2024
1,067,360 
285 
1,067,645 
At 31 March 2023
1,067,360 
356 
1,067,716 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
3,832 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
67 
803 
Taxes and social security
4,667 
3,522 
Other creditors
499 
499 
Loans from directors
367,407 
395,168 
Accruals
1,620 
1,355 
Deferred income
3,822 
3,832 
378,082 
405,179 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
891,251 
889,045 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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