Company Registration No. 10381760 (England and Wales)
Proboo Limited
Unaudited accounts
for the year ended 30 June 2024
Proboo Limited
Unaudited accounts
Contents
Proboo Limited
Company Information
for the year ended 30 June 2024
Director
Heinrich Ackermans
Company Number
10381760 (England and Wales)
Registered Office
53 Mount Ararat Road
Richmond
Surrey
TW10 6PL
England
Accountants
Archimedia Accounts
6 Edison Village
Nottingham Science & Technology Park
Nottingham
Nottinghamshire
NG72RF
Proboo Limited
Statement of financial position
as at 30 June 2024
Investment property
2,220,125
2,158,975
Inventories
146,794
126,784
Cash at bank and in hand
192,380
74,796
Creditors: amounts falling due within one year
(505,946)
(1,190,729)
Net current liabilities
(164,284)
(985,584)
Total assets less current liabilities
2,075,910
1,177,872
Creditors: amounts falling due after more than one year
(892,398)
-
Provisions for liabilities
Deferred tax
(8,707)
(4,319)
Net assets
1,174,805
1,173,553
Called up share capital
2
2
Share premium
1,208,735
1,208,735
Profit and loss account
(33,932)
(35,184)
Shareholders' funds
1,174,805
1,173,553
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 30 October 2024 and were signed on its behalf by
Heinrich Ackermans
Director
Company Registration No. 10381760
Proboo Limited
Notes to the Accounts
for the year ended 30 June 2024
Proboo Limited is a private company, limited by shares, registered in England and Wales, registration number 10381760. The registered office is 53 Mount Ararat Road, Richmond, Surrey, TW10 6PL, 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
33.33% straight line
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Proboo Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 July 2023
2,158,975
Net gain from fair value adjustments
23,655
Five properties have been independently valued by the mortgage provider Landbay Partners Limited. The other properties have been valued by the director based on the current market values and rental yields and haven't been independently valued.
6
Investments
Other investments
Valuation at 1 July 2023
3,896
Valuation at 30 June 2024
20,046
Amounts falling due within one year
Proboo Limited
Notes to the Accounts
for the year ended 30 June 2024
8
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
76
3,142
Loans from directors
504,142
513,642
9
Creditors: amounts falling due after more than one year
2024
2023
There is a charge held over five properties by Landbay Parters limited.
10
Deferred taxation
2024
2023
Accelerated capital allowances
8,707
4,319
Provision at start of year
4,319
630
Charged to the profit and loss account
4,388
3,689
Provision at end of year
8,707
4,319
11
Transactions with related parties
During the year interest free loans were made available to the company by the director, these totalled £504142 at the year end (2023: £513642).
Loans of £665,780 were repaid to a close family member. Interest of £23167 was also paid on balances owed to close family members (2023: £47137).
12
Average number of employees
During the year the average number of employees was 1 (2023: 1).