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REGISTERED NUMBER: 11066409 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 NOVEMBER 2023

FOR

PROTONS PROPERTIES (UK) LTD

PROTONS PROPERTIES (UK) LTD (REGISTERED NUMBER: 11066409)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROTONS PROPERTIES (UK) LTD

COMPANY INFORMATION
for the year ended 29 November 2023







DIRECTORS: Mr D B B Lee
Ms C Y B Lee





REGISTERED OFFICE: 25-29 Sandy Way
Yeadon
Leeds
LS19 7EW





REGISTERED NUMBER: 11066409 (England and Wales)





ACCOUNTANTS: J S White & Co Limited
25-29 Sandy Way
Yeadon
Leeds
LS19 7EW

PROTONS PROPERTIES (UK) LTD (REGISTERED NUMBER: 11066409)

BALANCE SHEET
29 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,414 5,517
Tangible assets 5 6,101 7,217
Investment property 6 554,360 554,360
564,875 567,094

CURRENT ASSETS
Debtors 7 2,572 2,333
Cash at bank 18,915 12,956
21,487 15,289
CREDITORS
Amounts falling due within one year 8 632,312 640,815
NET CURRENT LIABILITIES (610,825 ) (625,526 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(45,950

)

(58,432

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (46,050 ) (58,532 )
SHAREHOLDERS' FUNDS (45,950 ) (58,432 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PROTONS PROPERTIES (UK) LTD (REGISTERED NUMBER: 11066409)

BALANCE SHEET - continued
29 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





Mr D B B Lee - Director


PROTONS PROPERTIES (UK) LTD (REGISTERED NUMBER: 11066409)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 November 2023

1. STATUTORY INFORMATION

Protons Properties (Uk) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

PROTONS PROPERTIES (UK) LTD (REGISTERED NUMBER: 11066409)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 November 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 30 November 2022
and 29 November 2023 15,905
AMORTISATION
At 30 November 2022 10,388
Charge for year 1,103
At 29 November 2023 11,491
NET BOOK VALUE
At 29 November 2023 4,414
At 29 November 2022 5,517

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 30 November 2022
and 29 November 2023 13,472 910 14,382
DEPRECIATION
At 30 November 2022 6,439 726 7,165
Charge for year 1,055 61 1,116
At 29 November 2023 7,494 787 8,281
NET BOOK VALUE
At 29 November 2023 5,978 123 6,101
At 29 November 2022 7,033 184 7,217

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 November 2022
and 29 November 2023 554,360
NET BOOK VALUE
At 29 November 2023 554,360
At 29 November 2022 554,360

PROTONS PROPERTIES (UK) LTD (REGISTERED NUMBER: 11066409)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 November 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,572 2,333

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 632,312 640,815