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Company Registration No. SC615868 (Scotland)
Property Proactive Limited Unaudited accounts for the year ended 31 January 2024
Property Proactive Limited Unaudited accounts Contents
Page
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Property Proactive Limited Company Information for the year ended 31 January 2024
Directors
Scott Niven James Paxton
Company Number
SC615868 (Scotland)
Registered Office
12 Glamis Place Dalgety Bay Dunfermline FIfe KY11 9UA Scotland
Accountants
SBS Accountancy 19 The Heathery Dunfermline Fife KY11 8TS
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Property Proactive Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,174 
7,257 
Current assets
Inventories
15,406 
480 
Debtors
38,167 
- 
Cash at bank and in hand
11,717 
68,547 
65,290 
69,027 
Creditors: amounts falling due within one year
(2,085)
(7,810)
Net current assets
63,205 
61,217 
Total assets less current liabilities
68,379 
68,474 
Creditors: amounts falling due after more than one year
(31,901)
(27,641)
Provisions for liabilities
Deferred tax
(983)
(1,379)
Net assets
35,495 
39,454 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
35,395 
39,354 
Shareholders' funds
35,495 
39,454 
For the year ending 31 January 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 31 October 2024 and were signed on its behalf by
James Paxton Director Company Registration No. SC615868
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Property Proactive Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Property Proactive Limited is a private company, limited by shares, registered in Scotland, registration number SC615868. The registered office is 12 Glamis Place, Dalgety Bay, Dunfermline, FIfe, KY11 9UA, Scotland.
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:
Motor vehicles
Straight line method over 4 years
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
- 
18,495 
18,495 
Additions
940 
- 
940 
At 31 January 2024
940 
18,495 
19,435 
Depreciation
At 1 February 2023
- 
11,238 
11,238 
Charge for the year
118 
2,905 
3,023 
At 31 January 2024
118 
14,143 
14,261 
Net book value
At 31 January 2024
822 
4,352 
5,174 
At 31 January 2023
- 
7,257 
7,257 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,139 
- 
Other debtors
36,028 
- 
38,167 
- 
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Property Proactive Limited Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
1,295 
Trade creditors
1,206 
2,887 
Taxes and social security
- 
3,163 
Deferred income
879 
465 
2,085 
7,810 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
31,901 
27,641 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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