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REGISTERED NUMBER: 08821580 (England and Wales)















Proxy Properties Limited

Financial Statements

for the Year Ended 31 March 2024






Proxy Properties Limited (Registered number: 08821580)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Proxy Properties Limited

Company Information
for the year ended 31 March 2024







Directors: M K Bovellan
A H Bovellan





Registered office: One
Glass Wharf
Bristol
BS2 0ZX





Registered number: 08821580 (England and Wales)






Proxy Properties Limited (Registered number: 08821580)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 1,490,000 1,775,000

Current assets
Debtors 5 18,532 42,782
Cash at bank 88,657 92,154
107,189 134,936
Creditors
Amounts falling due within one year 6 - 171
Net current assets 107,189 134,765
Total assets less current liabilities 1,597,189 1,909,765

Creditors
Amounts falling due after more than one
year

7

1,673,900

1,743,900
Net (liabilities)/assets (76,711 ) 165,865

Capital and reserves
Called up share capital 8 100 100
Revaluation reserve 9 - 162,065
Retained earnings 9 (76,811 ) 3,700
Shareholders' funds (76,711 ) 165,865

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

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

Proxy Properties Limited (Registered number: 08821580)

Balance Sheet - continued
31 March 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 21 November 2024 and were signed on its behalf by:





M K Bovellan - Director


Proxy Properties Limited (Registered number: 08821580)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Proxy Properties Limited 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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost and in accordance with the property
Plant and machinery - 20% on cost
Computer equipment - 20% on cost

Going concern
These financial statements have been prepared on a going concern basis.

The current economic conditions present increased risks for all businesses. In response to such conditions, the directors have carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on assessment, the directors consider that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations and external debt liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the directors consider that the Company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis.

The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the Company's ability to continue as a going concern. Thus the directors have continued to adopt the going concern basis of accounting in preparing these financial statements

Proxy Properties Limited (Registered number: 08821580)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


3. Employees and directors

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

4. Tangible fixed assets
Improvements Plant and Computer
to property machinery equipment Totals
£ £ £ £
Cost or valuation
At 1 April 2023 1,775,000 623 9,038 1,784,661
Revaluations (285,000 ) - - (285,000 )
At 31 March 2024 1,490,000 623 9,038 1,499,661
Depreciation
At 1 April 2023
and 31 March 2024 - 623 9,038 9,661
Net book value
At 31 March 2024 1,490,000 - - 1,490,000
At 31 March 2023 1,775,000 - - 1,775,000

Proxy Properties Limited (Registered number: 08821580)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. Tangible fixed assets - continued

Cost or valuation at 31 March 2024 is represented by:

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
IMPROVEMENTS TO PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 1,775,000
Revaluations (285,000 )
1,490,000

CLIENT SCREEN TOTAL = -


** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
PLANT AND MACHINERY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 623
623

CLIENT SCREEN TOTAL = -


** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
COMPUTER EQUIPMENT

'COST' ACCOUNT TOTAL
Cost/valuation b/f 9,038
9,038

CLIENT SCREEN TOTAL = -


5. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 18,532 42,782

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors - 171

Proxy Properties Limited (Registered number: 08821580)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Amounts owed to group undertakings 1,673,900 1,743,900

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary share 1 100 100

9. Reserves
Retained
earnings
£

At 1 April 2023 3,700
Deficit for the year (80,511 )
At 31 March 2024 (76,811 )