PROPVESTMENT DEVELOPMENTS LTD

Company Registration Number:
10328524 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

PROPVESTMENT DEVELOPMENTS LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

PROPVESTMENT DEVELOPMENTS LTD

Directors' report period ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Principal activities of the company

The company's principal activity during the financial year continued to be the development projects. This includes planning, renting, construction, and management of various residential and commercial properties.



Directors

The director shown below has held office during the whole of the period from
1 June 2023 to 31 May 2024

Rahul Dixit


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 February 2025

And signed on behalf of the board by:
Name: Rahul Dixit
Status: Director

PROPVESTMENT DEVELOPMENTS LTD

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 94,408 75,641
Cost of sales: ( 8,077 ) ( 14,350 )
Gross profit(or loss): 86,331 61,291
Distribution costs: 0 0
Administrative expenses: ( 59,740 ) ( 142,373 )
Other operating income: 0 0
Operating profit(or loss): 26,591 (81,082)
Interest payable and similar charges: ( 159,801 ) ( 51,953 )
Profit(or loss) before tax: (133,210) (133,035)
Tax: 0 0
Profit(or loss) for the financial year: (133,210) (133,035)

PROPVESTMENT DEVELOPMENTS LTD

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Current assets
Stocks: 3 2,085,189 2,295,189
Debtors: 4 138,270 138,270
Cash at bank and in hand: 355,692 180,458
Investments:   0 0
Total current assets: 2,579,151 2,613,917
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 5 ( 1,387,265 ) ( 1,288,820 )
Net current assets (liabilities): 1,191,886 1,325,097
Total assets less current liabilities: 1,191,886 1,325,097
Creditors: amounts falling due after more than one year: 6 ( 1,480,228 ) ( 1,480,228 )
Total net assets (liabilities): (288,342) (155,131)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (288,442 ) (155,231 )
Total Shareholders' funds: ( 288,342 ) (155,131)

The notes form part of these financial statements

PROPVESTMENT DEVELOPMENTS LTD

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 23 February 2025
and signed on behalf of the board by:

Name: Rahul Dixit
Status: Director

The notes form part of these financial statements

PROPVESTMENT DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover from the sale of goods: Recognized when significant risks and rewards of ownership are transferred to the buyer. Turnover from the rendering of services: Recognized by comparing the costs incurred to date to the total estimated contract costs (stage of completion).

    Valuation information and policy

    Yes, the prepared accounts you shared include valuation information policies under various sections in the "Notes to the Accounts." For stocks and work in progress, they are valued at the lower of cost and net realizable value, meaning that inventory is recorded at its production or purchase cost, but if its expected selling price is lower, its value is adjusted accordingly. Debtors are measured at the transaction price, typically the invoice price, less any impairment for bad or doubtful debts, ensuring that receivables are not overstated. Similarly, creditors are measured at the transaction price, usually the invoiced amount, which helps reflect the company's true liabilities. These valuation policies ensure compliance with accounting standards and provide transparency for stakeholders reviewing the financial statements.

    Other accounting policies

    The prepared accounts include several accounting policies. They are prepared under the historical cost convention and in accordance with FRS 102, Section 1A for small entities. Turnover is recognized based on the transfer of risks and rewards for goods or by the stage of completion for services. Taxation is accounted for by recognizing current tax liabilities on taxable profits and deferred tax on timing differences. These policies ensure compliance with accounting standards and transparency in financial reporting.

PROPVESTMENT DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

PROPVESTMENT DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Stocks

2024 2023
£ £
Stocks 2,085,189 2,295,189
Total 2,085,189 2,295,189

PROPVESTMENT DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Trade debtors 138,270 138,270
Total 138,270 138,270

PROPVESTMENT DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 76,050 76,050
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 3,100 3,100
Taxation and social security 91 91
Accruals and deferred income 3,000 3,000
Other creditors 1,305,024 1,206,579
Total 1,387,265 1,288,820

PROPVESTMENT DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 0
Other creditors 1,480,228 1,480,228
Total 1,480,228 1,480,228