IRIS Accounts Production v25.1.0.734 11293902 Board of Directors 1.5.24 28.10.24 28.10.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh112939022024-04-30112939022024-10-28112939022024-05-012024-10-28112939022023-04-30112939022023-05-012024-04-30112939022024-04-3011293902ns15:EnglandWales2024-05-012024-10-2811293902ns14:PoundSterling2024-05-012024-10-2811293902ns10:Director12024-05-012024-10-2811293902ns10:PrivateLimitedCompanyLtd2024-05-012024-10-2811293902ns10:SmallEntities2024-05-012024-10-2811293902ns10:AuditExempt-NoAccountantsReport2024-05-012024-10-2811293902ns10:SmallCompaniesRegimeForDirectorsReport2024-05-012024-10-2811293902ns10:SmallCompaniesRegimeForAccounts2024-05-012024-10-2811293902ns10:AbridgedAccounts2024-05-012024-10-281129390212024-05-012024-10-2811293902ns10:Director62024-05-012024-10-2811293902ns10:RegisteredOffice2024-05-012024-10-2811293902ns5:CurrentFinancialInstruments2024-10-2811293902ns5:CurrentFinancialInstruments2024-04-3011293902ns5:ShareCapital2024-10-2811293902ns5:ShareCapital2024-04-3011293902ns5:CapitalRedemptionReserve2024-10-2811293902ns5:CapitalRedemptionReserve2024-04-3011293902ns5:RetainedEarningsAccumulatedLosses2024-10-2811293902ns5:RetainedEarningsAccumulatedLosses2024-04-3011293902ns5:NetGoodwill2024-05-012024-10-2811293902ns5:IntangibleAssetsOtherThanGoodwill2024-05-012024-10-2811293902ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-10-2811293902ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-04-3011293902ns5:WithinOneYear2024-10-2811293902ns5:WithinOneYear2024-04-3011293902ns5:BetweenOneFiveYears2024-10-2811293902ns5:BetweenOneFiveYears2024-04-3011293902ns5:AllPeriods2024-10-2811293902ns5:AllPeriods2024-04-30
REGISTERED NUMBER: 11293902 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2024 TO 28 OCTOBER 2024

FOR

PROPITAS BUILDING & PROJECT CONSULTANTS
LIMITED

PROPITAS BUILDING & PROJECT CONSULTANTS
LIMITED (REGISTERED NUMBER: 11293902)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 May 2024 to 28 October 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PROPITAS BUILDING & PROJECT CONSULTANTS
LIMITED

COMPANY INFORMATION
For The Period 1 May 2024 to 28 October 2024







DIRECTORS: F Cawley
S Parrington





REGISTERED OFFICE: One St Peter's Square
Manchester
Greater Manchester
M2 3DE





REGISTERED NUMBER: 11293902 (England and Wales)

PROPITAS BUILDING & PROJECT CONSULTANTS
LIMITED (REGISTERED NUMBER: 11293902)

ABRIDGED BALANCE SHEET
28 October 2024

2024 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 704,260 795,000
Tangible assets 5 86,261 110,338
Investments 6 - 4,908
790,521 910,246

CURRENT ASSETS
Debtors 962,111 541,704
Cash at bank and in hand 225,734 411,154
1,187,845 952,858
CREDITORS
Amounts falling due within one year 368,710 411,599
NET CURRENT ASSETS 819,135 541,259
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,609,656

1,451,505

PROVISIONS FOR LIABILITIES 21,197 27,180
NET ASSETS 1,588,459 1,424,325

CAPITAL AND RESERVES
Called up share capital 85 85
Capital redemption reserve 15 15
Retained earnings 1,588,359 1,424,225
1,588,459 1,424,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 October 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 October 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.

PROPITAS BUILDING & PROJECT CONSULTANTS
LIMITED (REGISTERED NUMBER: 11293902)

ABRIDGED BALANCE SHEET - continued
28 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 28 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 April 2025 and were signed on its behalf by:





F Cawley - Director


PROPITAS BUILDING & PROJECT CONSULTANTS
LIMITED (REGISTERED NUMBER: 11293902)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 May 2024 to 28 October 2024


1. STATUTORY INFORMATION

Propitas Building & Project Consultants 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
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of property consultancy and project management services, excluding value added tax, performed during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements-20% on cost
Motor vehicles-25% on cost
Fixtures and fittings-25% on cost
Computer equipment-33.33% on cost

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Deferred tax represents the future tax consequences of material transactions and events recognised in the financial statements of current and previous periods.

Current and deferred tax assets and liabilities are not discounted and are 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.

Hire purchase and leasing commitments
Assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. Payments are apportioned between the finance charge and the capital amount and the related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

PROPITAS BUILDING & PROJECT CONSULTANTS
LIMITED (REGISTERED NUMBER: 11293902)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 May 2024 to 28 October 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable are charged to the profit and loss in the period to which they relate.

Company contributions payable to the directors' private pension schemes are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 (2024 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2024
and 28 October 2024 1,800,000
AMORTISATION
At 1 May 2024 1,005,000
Amortisation for period 90,740
At 28 October 2024 1,095,740
NET BOOK VALUE

At 28 October 2024 704,260
At 30 April 2024 795,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2024 207,177
Additions 7,771
Disposals (36,758 )
At 28 October 2024 178,190
DEPRECIATION
At 1 May 2024 96,839
Charge for period 8,005
Eliminated on disposal (12,915 )
At 28 October 2024 91,929
NET BOOK VALUE
At 28 October 2024 86,261
At 30 April 2024 110,338

PROPITAS BUILDING & PROJECT CONSULTANTS
LIMITED (REGISTERED NUMBER: 11293902)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 May 2024 to 28 October 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 May 2024
and 28 October 2024 58,990
DEPRECIATION
At 1 May 2024
and 28 October 2024 37,459
NET BOOK VALUE
At 28 October 2024 21,531
At 30 April 2024 21,531

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2024
£    £   
Cost b/f 4,908 4,908
Disposals (4,908 ) -
- 4,908

7. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2024
£    £   
Net obligations repayable:
Within one year 625 4,374

Non-cancellable operating leases
2024 2024
£    £   
Within one year 80,300 80,300
Between one and five years 8,021 17,646
88,321 97,946

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 28 October 2024, the company had loaned the directors £53,250. This was the maximum amount owed during the year and is repayable on demand, no interest was charged on the loan. This amount was repaid in full on 29 October 2024.