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REGISTERED NUMBER: 11388019 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

Property Synergy (UK) Ltd

Property Synergy (UK) Ltd (Registered number: 11388019)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 6

Property Synergy (UK) Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr Karamdeep Singh
Mrs Rajvinder Kaur Wahiwala-Patel





REGISTERED OFFICE: 143 Eastfield Road
Peterborough
Cambridgeshire
PE1 4AU





REGISTERED NUMBER: 11388019 (England and Wales)





ACCOUNTANTS: Accountancy Solutions
143 Eastfield Road
Peterborough
Cambridgeshire
PE1 4AU

Property Synergy (UK) Ltd (Registered number: 11388019)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,094,000 2,094,000

CURRENT ASSETS
Debtors 5 147,391 823
Cash at bank and in hand 46,736 204,923
194,127 205,746
CREDITORS
Amounts falling due within one year 6 496,396 479,489
NET CURRENT LIABILITIES (302,269 ) (273,743 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,791,731

1,820,257

CREDITORS
Amounts falling due after more than
one year

7

1,804,707

1,804,707
NET (LIABILITIES)/ASSETS (12,976 ) 15,550

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 9 (13,176 ) 15,350
SHAREHOLDERS' FUNDS (12,976 ) 15,550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Property Synergy (UK) Ltd (Registered number: 11388019)

Statement of Financial Position - continued
31 January 2024


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 19 July 2024 and were signed on its behalf by:





Mrs Rajvinder Kaur Wahiwala-Patel - Director


Property Synergy (UK) Ltd (Registered number: 11388019)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. PROPERTY, PLANT AND EQUIPMENT
Freehold
property
£   
COST
At 1 February 2023
and 31 January 2024 2,094,000
NET BOOK VALUE
At 31 January 2024 2,094,000
At 31 January 2023 2,094,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 146,511 -
Prepayments 880 823
147,391 823

Property Synergy (UK) Ltd (Registered number: 11388019)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Corporation Tax - 291
Other creditors 5,000 -
Directors' current accounts 491,396 479,198
496,396 479,489

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Bank Loan 1,804,707 1,804,707

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
20,000 Ordinary .01 200 200

9. RESERVES
Retained
earnings
£   

At 1 February 2023 15,350
Deficit for the year (28,526 )
At 31 January 2024 (13,176 )

Property Synergy (UK) Ltd

Report of the Accountants to the Directors of
Property Synergy (UK) Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Accountancy Solutions
143 Eastfield Road
Peterborough
Cambridgeshire
PE1 4AU


Date: .............................................