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Company Registration No. 12457688 (England and Wales)
Propmax Developments Limited Unaudited accounts for the year ended 29 February 2024
Propmax Developments Limited Unaudited accounts Contents
Page
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Propmax Developments Limited Company Information for the year ended 29 February 2024
Directors
Mr Christopher Smith Mr Stephen Nixon
Secretary
Mr Christopher Smith
Company Number
12457688 (England and Wales)
Registered Office
32 Aughton Road Southport Merseyside PR8 2AG United Kingdom
Accountants
Sparham Harnell Limited Churchill House 29 Mill Hill Road Pontefract West Yorkshire WF8 4HY
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Propmax Developments Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
27,529 
27,529 
Cash at bank and in hand
69 
120 
27,598 
27,649 
Creditors: amounts falling due within one year
(29,104)
(28,782)
Net current liabilities
(1,506)
(1,133)
Net liabilities
(1,506)
(1,133)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(1,508)
(1,135)
Shareholders' funds
(1,506)
(1,133)
For the year ending 29 February 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 4 November 2024 and were signed on its behalf by
Mr Christopher Smith Director Company Registration No. 12457688
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Propmax Developments Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Propmax Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 12457688. The registered office is 32 Aughton Road, Southport, Merseyside, PR8 2AG, United Kingdom.
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.
Inventories
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.
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
1,442 
1,409 
Loans from directors
27,662 
27,373 
29,104 
28,782 
Loans from directors includes £13,699 (2023 - £13,649) owed to Mr Christopher Smith and £13,963 (2023 - £13,724) owed to Mr Stephen Nixon. These amounts are repayable on demand.
5
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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