1 April 2023 false No description of principal activity Taxfiler 2024.5 10001752business:PrivateLimitedCompanyLtd2023-04-012024-03-31 100017522023-03-31 100017522023-04-012024-03-31 10001752business:AuditExemptWithAccountantsReport2023-04-012024-03-31 10001752business:FilletedAccounts2023-04-012024-03-31 100017522024-03-31 10001752business:Director12023-04-012024-03-31 10001752business:Director22023-04-012024-03-31 10001752business:RegisteredOffice2023-04-012024-03-31 100017522023-03-31 10001752core:WithinOneYear2024-03-31 10001752core:WithinOneYear2023-03-31 10001752core:AfterOneYear2024-03-31 10001752core:AfterOneYear2023-03-31 10001752core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 10001752core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 10001752core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 10001752core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 10001752core:PreviouslyStatedAmount2024-03-31 10001752core:PreviouslyStatedAmount2023-03-31 10001752business:SmallEntities2023-04-012024-03-31 10001752countries:EnglandWales2023-04-012024-03-31 10001752core:FurnitureFittings2023-04-012024-03-31 10001752core:FurnitureFittings2023-03-31 10001752core:FurnitureFittings2024-03-31 10001752core:MoreThanFiveYears2024-03-31 10001752core:MoreThanFiveYears2023-03-31 10001752core:AfterOneYear2023-04-012024-03-31 100017522022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 10001752 (England and Wales)
PROSKILL PROPERTY LIMITED Unaudited accounts for the year ended 31 March 2024
PROSKILL PROPERTY LIMITED Unaudited accounts Contents
Page
- 2 -
PROSKILL PROPERTY LIMITED Company Information for the year ended 31 March 2024
Directors
Julie Denise Walker Stephen Walker
Company Number
10001752 (England and Wales)
Registered Office
International House 61 Mosley Street Manchester M2 3HZ England
Accountants
TGKS Accountancy Limited 44 Potternewton Mount Leeds West Yorkshire LS7 2DR
- 3 -
PROSKILL PROPERTY LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,251 
5,911 
Investment property
1,240,000 
1,210,000 
1,243,251 
1,215,911 
Current assets
Debtors
3,500 
3,500 
Cash at bank and in hand
7,027 
8,579 
10,527 
12,079 
Creditors: amounts falling due within one year
(289,838)
(263,246)
Net current liabilities
(279,311)
(251,167)
Total assets less current liabilities
963,940 
964,744 
Creditors: amounts falling due after more than one year
(674,213)
(674,213)
Provisions for liabilities
Deferred tax
(72,914)
(67,214)
Net assets
216,813 
223,317 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
216,811 
223,315 
Shareholders' funds
216,813 
223,317 
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 29 July 2024 and were signed on its behalf by
Stephen Walker Director Company Registration No. 10001752
- 4 -
PROSKILL PROPERTY LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
PROSKILL PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10001752. The registered office is International House, 61 Mosley Street, Manchester, M2 3HZ, 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:
Fixtures & fittings
15% straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
- 5 -
PROSKILL PROPERTY LIMITED Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
17,735 
At 31 March 2024
17,735 
Depreciation
At 1 April 2023
11,824 
Charge for the year
2,660 
At 31 March 2024
14,484 
Net book value
At 31 March 2024
3,251 
At 31 March 2023
5,911 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
1,210,000 
Net gain from fair value adjustments
30,000 
At 31 March 2024
1,240,000 
The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors at the year end.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
3,500 
3,500 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
10,338 
Amounts owed to group undertakings and other participating interests
206,621 
183,665 
Other creditors
3,499 
3,499 
Loans from directors
78,531 
64,557 
Accruals
1,187 
1,187 
289,838 
263,246 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
674,213 
674,213 
Aggregate of amounts that fall due for payment after five years
674,213 
674,213 
Bank loans are secured by way of a fixed first charge over the investment porperty portfolio
- 6 -
PROSKILL PROPERTY LIMITED Notes to the Accounts for the year ended 31 March 2024
9
Transactions with related parties
At the balance sheet date there is an amount due to Proskill Consultancy Limited £206,620 (2023 £187,655) a company in which Mr S Walker and Mrs J Walker are directors and shareholders. No interest was charged on the loan during the year
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 7 -