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REGISTERED NUMBER: 05874616 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

PROPERTYBOX INVESTMENTS LIMITED

PROPERTYBOX INVESTMENTS LIMITED (REGISTERED NUMBER: 05874616)






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


PROPERTYBOX INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: R Musgrave
Mrs K F Musgrave





SECRETARY: Mrs K F Musgrave





REGISTERED OFFICE: Baunton House
Baunton
Cirencester
Gloucestershire
GL7 7BB





REGISTERED NUMBER: 05874616 (England and Wales)





ACCOUNTANTS: Dattani
Chartered Accountants
Scottish Provident House
76/80 College Road
Harrow
Middlesex
HA1 1 BQ

PROPERTYBOX INVESTMENTS LIMITED (REGISTERED NUMBER: 05874616)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 799 1,066
Investment property 5 1,065,000 1,065,000
1,065,799 1,066,066

CURRENT ASSETS
Cash at bank 7 7

CREDITORS
Amounts falling due within one year 6 52,362 31,163
NET CURRENT LIABILITIES (52,355 ) (31,156 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,013,444

1,034,910

CREDITORS
Amounts falling due after more than one
year

7

565,941

570,223
NET ASSETS 447,503 464,687

CAPITAL AND RESERVES
Called up share capital 400 400
Share premium 199,700 199,700
Revaluation reserve 9 338,325 338,325
Retained earnings (90,922 ) (73,738 )
SHAREHOLDERS' FUNDS 447,503 464,687

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.

PROPERTYBOX INVESTMENTS LIMITED (REGISTERED NUMBER: 05874616)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:





R Musgrave - Director


PROPERTYBOX INVESTMENTS LIMITED (REGISTERED NUMBER: 05874616)

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

1. STATUTORY INFORMATION

Propertybox Investments 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
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 as modified by the revaluation of certain assets.

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.

Plant & machinery - 25% per annum on the 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.

Although the Companies Act 2006 would normally require the systematic annual depreciation of Fixed Assets, the directors believe that the policy of not providing depreciation in respect of Investment Properties is necessary to give a true and fair view, since the current value of Investment Properties and changes to that current value are of prime importance rather than a calculation of systematic annual deprecation.

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 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.

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.

3. EMPLOYEES AND DIRECTORS

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

PROPERTYBOX INVESTMENTS LIMITED (REGISTERED NUMBER: 05874616)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 11,135
DEPRECIATION
At 1 August 2023 10,069
Charge for year 267
At 31 July 2024 10,336
NET BOOK VALUE
At 31 July 2024 799
At 31 July 2023 1,066

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 1,065,000
NET BOOK VALUE
At 31 July 2024 1,065,000
At 31 July 2023 1,065,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2017 (36,675 )
Valuation in 2021 240,000
Valuation in 2022 215,000
Valuation in 2023 (80,000 )
Cost 726,675
1,065,000

The Investment Properties are included at their current market value, having been valued on an open market basis by Mr Richard Musgrave, a director of the company.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 3,613 2,685
Trade creditors 160 21
Other creditors 48,589 28,457
52,362 31,163

PROPERTYBOX INVESTMENTS LIMITED (REGISTERED NUMBER: 05874616)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 565,941 570,223

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 557,898 557,793

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 565,941 570,223

Bank loans comprise of loans amounting to £557,898 which are secured against the company's investment properties.

There is further loan of £8,043 under the Bounce Back Loan Scheme which is secured by way of a guarantee provided by the United Kingdom government.

9. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 338,325

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Richard Musgrave.