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REGISTERED NUMBER: 14038020 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

PROINVEST LIMITED

PROINVEST LIMITED (REGISTERED NUMBER: 14038020)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROINVEST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr D P Singh
Mrs R Singh





REGISTERED OFFICE: 36C Albemarle Road
Beckenham
BR3 5HN





REGISTERED NUMBER: 14038020 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

PROINVEST LIMITED (REGISTERED NUMBER: 14038020)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Investment property 4 282,618 282,618

CURRENT ASSETS
Cash at bank 1,781 413

CREDITORS
Amounts falling due within one year 5 (2,933 ) (5,623 )
NET CURRENT LIABILITIES (1,152 ) (5,210 )
TOTAL ASSETS LESS CURRENT LIABILITIES 281,466 277,408

CREDITORS
Amounts falling due after more than one
year

6

(307,584

)

(292,728

)
NET LIABILITIES (26,118 ) (15,320 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (26,218 ) (15,420 )
SHAREHOLDERS' FUNDS (26,118 ) (15,320 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

PROINVEST LIMITED (REGISTERED NUMBER: 14038020)

BALANCE SHEET - continued
30 APRIL 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 24 January 2025 and were signed on its behalf by:





Mr D P Singh - Director


PROINVEST LIMITED (REGISTERED NUMBER: 14038020)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Proinvest 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.

There are net current liabilities of £1,152 (2023: £5,210) at the balance sheet date.

The directors have given assurances that, they will support the company to meet its day to day liabilities as and when they fall due.

In view of this the directors are of the opinion that the companys financial statements should be prepared on the going concern basis.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

PROINVEST LIMITED (REGISTERED NUMBER: 14038020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 282,618
NET BOOK VALUE
At 30 April 2024 282,618
At 30 April 2023 282,618

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other creditors 2,933 5,623

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Other creditors 307,584 292,728

Included in other creditors is a loan of £186,004 (2023: £184,148) which is secured against the investment property held by the company.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1.00 100 100

8. RELATED PARTY DISCLOSURES

At the balance sheet date an amount of £121,580 (2023: £108,580) was owed to Techventure Limited, where Mr D P Singh is also a director and shareholder.