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Registered Number: 13723014
England and Wales

 

 

 

PROPERTY CLOUD LTD


Abridged Accounts
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Investments 3 777,641    386,205 
777,641    386,205 
Current assets      
Cash at bank and in hand 10,436    5,090 
Creditors: amount falling due within one year (229,238)   (116,749)
Net current assets (218,802)   (111,659)
 
Total assets less current liabilities 558,839    274,546 
Creditors: amount falling due after more than one year (568,695)   (273,750)
Net assets (9,856)   796 
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account (9,858)   794 
Shareholders' funds (9,856)   796 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 21 August 2024 and were signed on its behalf by:


-------------------------------
Venkata Suresh Babu MANDAVA
Director
1
General Information
PROPERTY CLOUD LTD is a private company, limited by shares, registered in England and Wales, registration number 13723014, registration address 24 Wheeler Close, , Dartford,, DA1 5UL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 December 2022 386,205    386,205 
Additions 391,436    391,436 
Transfer to/from tangible fixed assets  
Disposals  
At 30 November 2023 777,641    777,641 
There is no change in investment value and Investment properties are valued annually by the directors on a fair value basis.

2