1 March 2023 false No description of principal activity Taxfiler 2024.6 10029875business:PrivateLimitedCompanyLtd2023-03-012024-02-29 100298752023-02-28 100298752023-03-012024-02-29 10029875business:AuditExemptWithAccountantsReport2023-03-012024-02-29 10029875business:AbridgedAccounts2023-03-012024-02-29 100298752024-02-29 10029875business:Director12023-03-012024-02-29 10029875business:RegisteredOffice2023-03-012024-02-29 100298752023-02-28 10029875core:WithinOneYear2024-02-29 10029875core:WithinOneYear2023-02-28 10029875core:AfterOneYear2024-02-29 10029875core:AfterOneYear2023-02-28 10029875core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 10029875core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 10029875core:RevaluationReservecore:PreviouslyStatedAmount2024-02-29 10029875core:RevaluationReservecore:PreviouslyStatedAmount2023-02-28 10029875core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 10029875core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 10029875core:PreviouslyStatedAmount2024-02-29 10029875core:PreviouslyStatedAmount2023-02-28 10029875business:SmallEntities2023-03-012024-02-29 10029875countries:EnglandWales2023-03-012024-02-29 100298752022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 10029875 (England and Wales)
PROFO PROP LTD Unaudited accounts for the year ended 29 February 2024
PROFO PROP LTD Unaudited accounts Contents
Page
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PROFO PROP LTD Company Information for the year ended 29 February 2024
Director
E Gottesfeld
Company Number
10029875 (England and Wales)
Registered Office
8 JESSAM AVENUE LONDON E5 9DU UNITED KINGDOM
Accountants
Finer Accounting Ltd 36 Ravensdale Road London N16 6SH
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PROFO PROP LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,000,000 
1,000,000 
Current assets
Cash at bank and in hand
1,137 
2,181 
Creditors: amounts falling due within one year
(327,508)
(324,411)
Net current liabilities
(326,371)
(322,230)
Total assets less current liabilities
673,629 
677,770 
Creditors: amounts falling due after more than one year
(695,385)
(688,500)
Net liabilities
(21,756)
(10,730)
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
160,843 
160,843 
Profit and loss account
(182,699)
(171,673)
Shareholders' funds
(21,756)
(10,730)
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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 20 November 2024 and were signed on its behalf by
E Gottesfeld Director Company Registration No. 10029875
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PROFO PROP LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
PROFO PROP LTD is a private company, limited by shares, registered in England and Wales, registration number 10029875. The registered office is 8 JESSAM AVENUE, LONDON, E5 9DU, 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.
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:
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 March 2023
1,000,000 
At 29 February 2024
1,000,000 
Depreciation
At 29 February 2024
- 
Net book value
At 29 February 2024
1,000,000 
At 28 February 2023
1,000,000 
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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