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REGISTERED NUMBER: 12766519 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

PROTECH PROPERTIES LIMITED

PROTECH PROPERTIES LIMITED (REGISTERED NUMBER: 12766519)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROTECH PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: M H Jarrett
S Moulding





REGISTERED OFFICE: Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA





REGISTERED NUMBER: 12766519 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

PROTECH PROPERTIES LIMITED (REGISTERED NUMBER: 12766519)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 407 543
Investment property 5 245,543 245,543
245,950 246,086

CURRENT ASSETS
Debtors 6 1,271 74,688
Cash at bank 2,795 1,831
4,066 76,519
CREDITORS
Amounts falling due within one year 7 163,555 232,298
NET CURRENT LIABILITIES (159,489 ) (155,779 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,461

90,307

CREDITORS
Amounts falling due after more than one
year

8

77,475

84,052
NET ASSETS 8,986 6,255

CAPITAL AND RESERVES
Called up and paid share capital 100 100
Retained earnings 8,886 6,155
8,986 6,255

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

PROTECH PROPERTIES LIMITED (REGISTERED NUMBER: 12766519)

BALANCE SHEET - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2024 and were signed on its behalf by:





M H Jarrett - Director


PROTECH PROPERTIES LIMITED (REGISTERED NUMBER: 12766519)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Protech Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


PROTECH PROPERTIES LIMITED (REGISTERED NUMBER: 12766519)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued
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.

Going concern
The financial statements have been prepared on the going concern basis, on the understanding that the company will receive continued support from the banks and related companies for a period of at least 12 months from the date of these financial statements.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 1,286
DEPRECIATION
At 1 August 2023 743
Charge for year 136
At 31 July 2024 879
NET BOOK VALUE
At 31 July 2024 407
At 31 July 2023 543

PROTECH PROPERTIES LIMITED (REGISTERED NUMBER: 12766519)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 245,543
NET BOOK VALUE
At 31 July 2024 245,543
At 31 July 2023 245,543

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,271 74,688

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,403 13,228
Taxation and social security 6,694 2,494
Other creditors 146,458 216,576
163,555 232,298

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 77,475 84,052

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 20,000 37,885

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 87,878 97,280

The loan is secured by a fixed and floating charge over the assets.

PROTECH PROPERTIES LIMITED (REGISTERED NUMBER: 12766519)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year a directors operated a loan with the company with no fixed terms of repayment or interest. Amounts advanced during the year were £1,271 (2023 - £74,688) and repayments during the year were £74,688 (2023 - £65,735). At the year end the amount owing to the company was £1,271 (2023 - £74,688)

11. CHARGE ON LOANS

The loans are secured by way of a charge over the investment property held by the company.