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Registered number: 12905956
Promosol Homes Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
MSB & Co Canvey Island Limited
Accountants and Tax Advisors
14 Furtherwick Road
Canvey Island
Essex
SS8 7AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12905956
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 586,418 586,418
586,418 586,418
CURRENT ASSETS
Debtors 5 292 292
Cash at bank and in hand 1,517 1,548
1,809 1,840
Creditors: Amounts Falling Due Within One Year 6 (664 ) (480 )
NET CURRENT ASSETS (LIABILITIES) 1,145 1,360
TOTAL ASSETS LESS CURRENT LIABILITIES 587,563 587,778
Creditors: Amounts Falling Due After More Than One Year 7 (613,143 ) (605,416 )
PROVISIONS FOR LIABILITIES
Provisions For Charges 2,214 2,075
NET LIABILITIES (23,366 ) (15,563 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (23,368 ) (15,565 )
SHAREHOLDERS' FUNDS (23,366) (15,563)
Page 1
Page 2
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Kevin Dulieu
Director
20th February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Promosol Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12905956 . The registered office is 14 Furtherwick Road, Canvey Island, Essex, SS8 7AE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 October 2023 586,418
As at 30 September 2024 586,418
Net Book Value
As at 30 September 2024 586,418
As at 1 October 2023 586,418
5. Debtors
2024 2023
£ £
Due within one year
Director's loan account 292 292
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 184 -
Accruals and deferred income 480 480
664 480
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to related parties 613,143 605,416
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Page 4
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Kevin Dulieu 292 - - - 292
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
Promosol Limited
Promosol Limited - a company under the control of Mr K. & Mrs S. Dulieu, the shareholders of this company.
As at the balance sheet date, there was an inter-company loan of the following: £613,143 (Creditor)
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr K. & Mrs S. Dulieu by virtue of their ownership of 100% of the issued share capital in the company.
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