2024-02-292025-02-282025-02-28false13919748PROPAGE 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PROPAGE LTD

Registered Number
13919748
(England and Wales)

Unaudited Financial Statements for the Period ended
28 February 2025

PROPAGE LTD
Company Information
for the period from 29 February 2024 to 28 February 2025

Director

KUPOLUYI, Jade

Registered Address

320 City Road
London
EC1V 2NZ

Registered Number

13919748 (England and Wales)
PROPAGE LTD
Balance Sheet as at
28 February 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets32,234-
2,234-
Current assets
Debtors2,63532,326
Cash at bank and on hand41736,624
3,05268,950
Creditors amounts falling due within one year(3,883)(15,749)
Net current assets (liabilities)(831)53,201
Total assets less current liabilities1,40353,201
Net assets1,40353,201
Capital and reserves
Called up share capital33
Profit and loss account1,40053,198
Shareholders' funds1,40353,201
The financial statements were approved and authorised for issue by the Director on 9 May 2025, and are signed on its behalf by:
KUPOLUYI, Jade
Director
Registered Company No. 13919748
PROPAGE LTD
Notes to the Financial Statements
for the period ended 28 February 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20252024
Average number of employees during the year10
3.Tangible fixed assets

Total

£
Cost or valuation
Additions2,499
At 28 February 252,499
Depreciation and impairment
Charge for year265
At 28 February 25265
Net book value
At 28 February 252,234
At 28 February 24-