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
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
Property Innovation Group Ltd
Statement of financial position
as at 31 March 2024
Intangible assets
159,956
159,956
Tangible assets
1,067,645
1,067,716
Cash at bank and in hand
36,388
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)
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
Property Innovation Group Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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:
Fixtures & fittings
20% rbm
Computer equipment
20% rbm
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
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
Charge for the year
-
71
71
At 31 March 2024
-
593
593
At 31 March 2024
1,067,360
285
1,067,645
At 31 March 2023
1,067,360
356
1,067,716
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
Loans from directors
367,407
395,168
Deferred income
3,822
3,832
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).