Company Registration No. 12697538 (England and Wales)
PROPERTY 2 LET (LONDON) LIMITED
Unaudited accounts
for the year ended 30 June 2024
PROPERTY 2 LET (LONDON) LIMITED
Unaudited accounts
Contents
PROPERTY 2 LET (LONDON) LIMITED
Company Information
for the year ended 30 June 2024
Directors
Dheeraj BAJPAI
Hinesh PINDORIA
Company Number
12697538 (England and Wales)
Registered Office
79 COLLEGE ROAD
HARROW
HA1 1BD
ENGLAND
Accountants
Orb7 Limited
53 Peartree Drive,Farnworth,Bolton,Lanca
Manchester
Bolton
Lancashire
BL4 9RR
PROPERTY 2 LET (LONDON) LIMITED
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
247,446
184,055
Creditors: amounts falling due within one year
(217,359)
(161,106)
Net current assets
30,187
23,049
Called up share capital
100
100
Profit and loss account
30,485
23,480
Shareholders' funds
30,585
23,580
For the year ending 30 June 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 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 25 March 2025 and were signed on its behalf by
Hinesh PINDORIA
Director
Company Registration No. 12697538
PROPERTY 2 LET (LONDON) LIMITED
Notes to the Accounts
for the year ended 30 June 2024
PROPERTY 2 LET (LONDON) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12697538. The registered office is 79 COLLEGE ROAD, HARROW, HA1 1BD, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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:
Computer equipment
25% diminishing balance method.
PROPERTY 2 LET (LONDON) LIMITED
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
198,307
156,331
Taxes and social security
4,020
1,626
Proposed dividends
10,000
-
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).