Company Registration No. 11661269 (England and Wales)
PREINA PROPERTY SOLUTIONS LTD
Unaudited accounts
for the year ended 30 November 2023
PREINA PROPERTY SOLUTIONS LTD
Unaudited accounts
Contents
PREINA PROPERTY SOLUTIONS LTD
Statement of financial position
as at 30 November 2023
Tangible assets
1,000,000
1,000,000
Cash at bank and in hand
11,803
8,843
Creditors: amounts falling due within one year
(27,330)
(30,528)
Net current liabilities
(15,527)
(21,685)
Total assets less current liabilities
984,473
978,315
Creditors: amounts falling due after more than one year
(1,012,257)
(1,012,257)
Net liabilities
(27,784)
(33,942)
Called up share capital
1
1
Revaluation reserve
2,623
2,623
Profit and loss account
(30,408)
(36,566)
Shareholders' funds
(27,784)
(33,942)
For the year ending 30 November 2023 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 15 November 2024 and were signed on its behalf by
Dr Priyen Shah
Director
Company Registration No. 11661269
PREINA PROPERTY SOLUTIONS LTD
Notes to the Accounts
for the year ended 30 November 2023
PREINA PROPERTY SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 11661269. The registered office is 35 Lowndes Avenue, Chesham, HP5 2HH, 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.
Investment Properties, which is property help to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
At the time of the financial statement, the Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the Directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover represents rents net of VAT.
Revenue is recognised at the point where the benefit of the service provided is transferred to the customer.
4
Tangible fixed assets
Land & buildings
At 1 December 2022
1,000,000
At 30 November 2023
1,000,000
At 30 November 2023
1,000,000
At 30 November 2022
1,000,000
PREINA PROPERTY SOLUTIONS LTD
Notes to the Accounts
for the year ended 30 November 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(198)
-
Loans from directors
26,528
28,528
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,012,257
1,012,257
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).