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Company Registration No. 13548191 (England and Wales)
Praha Properties Ltd Unaudited accounts for the year ended 31 August 2024
Praha Properties Ltd Unaudited accounts Contents
Page
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Praha Properties Ltd Company Information for the year ended 31 August 2024
Directors
Praveen Selwyn Presha Subbiah
Company Number
13548191 (England and Wales)
Registered Office
50 MASON AVENUE EBBSFLEET VALLEY SWANSCOMBE KENT DA10 1DT UNITED KINGDOM
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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Praha Properties Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
862 
1,149 
Investment property
479,459 
216,921 
480,321 
218,070 
Current assets
Cash at bank and in hand
9,379 
5,401 
Creditors: amounts falling due within one year
(124,279)
(62,967)
Net current liabilities
(114,900)
(57,566)
Total assets less current liabilities
365,421 
160,504 
Creditors: amounts falling due after more than one year
(369,057)
(164,374)
Net liabilities
(3,636)
(3,870)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(3,736)
(3,970)
Shareholders' funds
(3,636)
(3,870)
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by
Praveen Selwyn Director Company Registration No. 13548191
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Praha Properties Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Praha Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 13548191. The registered office is 50 MASON AVENUE, EBBSFLEET VALLEY, SWANSCOMBE, KENT, DA10 1DT, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line Method
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2023
1,149 
At 31 August 2024
1,149 
Depreciation
Charge for the year
287 
At 31 August 2024
287 
Net book value
At 31 August 2024
862 
At 31 August 2023
1,149 
5
Investment property
2024 
£ 
Fair value at 1 September 2023
216,921 
Additions
262,538 
At 31 August 2024
479,459 
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Praha Properties Ltd Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
123,920 
62,608 
Accruals
359 
359 
124,279 
62,967 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
369,057 
164,374 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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