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Company Registration No. 10046609 (England and Wales)
Proctor Projects Limited Unaudited accounts for the year ended 31 March 2025
Proctor Projects Limited Unaudited accounts Contents
Page
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Proctor Projects Limited Company Information for the year ended 31 March 2025
Directors
Peter Proctor Natasha Proctor
Company Number
10046609 (England and Wales)
Registered Office
1 CLIFTON VILLAS CLIFTON ROAD ILKLEY WEST YORKSHIRE LS29 8SJ ENGLAND
Accountants
Sleek Accounting Ltd 4th Floor 205 Regent Street London W1B 4HB
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Proctor Projects Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
32,068 
40,653 
Investment property
360,000 
650,000 
392,068 
690,653 
Current assets
Debtors
- 
1,756 
Cash at bank and in hand
278,879 
84,489 
278,879 
86,245 
Creditors: amounts falling due within one year
(51,479)
(47,273)
Net current assets
227,400 
38,972 
Total assets less current liabilities
619,468 
729,625 
Creditors: amounts falling due after more than one year
- 
(150,221)
Provisions for liabilities
Deferred tax
(24,051)
(26,551)
Net assets
595,417 
552,853 
Capital and reserves
Called up share capital
10 
10 
Revaluation reserve
68,725 
111,240 
Profit and loss account
526,682 
441,603 
Shareholders' funds
595,417 
552,853 
For the year ending 31 March 2025 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 29 May 2025 and were signed on its behalf by
Peter Proctor Director Company Registration No. 10046609
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Proctor Projects Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Proctor Projects Limited is a private company, limited by shares, registered in England and Wales, registration number 10046609. The registered office is 1 CLIFTON VILLAS, CLIFTON ROAD, ILKLEY, WEST YORKSHIRE, LS29 8SJ, ENGLAND.
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:
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Proctor Projects Limited Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2024
48,800 
7,309 
56,109 
At 31 March 2025
48,800 
7,309 
56,109 
Depreciation
At 1 April 2024
11,642 
3,814 
15,456 
Charge for the year
7,432 
1,153 
8,585 
At 31 March 2025
19,074 
4,967 
24,041 
Net book value
At 31 March 2025
29,726 
2,342 
32,068 
At 31 March 2024
37,158 
3,495 
40,653 
5
Investment property
2025 
£ 
Fair value at 1 April 2024
650,000 
Disposals
(290,000)
At 31 March 2025
360,000 
The directors have agreed that the value of the investment property 63 Wooldale Drive Filey is £324,000 (2022: 314,000) The directors have agreed that the value of the investment property 22 Fir Tree Drive is £335,000 (2022: 330,000)
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
1,756 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
- 
5,442 
VAT
8,032 
9,735 
Trade creditors
- 
1,040 
Taxes and social security
41,337 
23,655 
Loans from directors
2,110 
7,401 
51,479 
47,273 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
- 
150,221 
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Proctor Projects Limited Notes to the Accounts for the year ended 31 March 2025
9
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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