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Company Registration No. 13901744 (England and Wales)
PRO327 PROPERTY LIMITED Unaudited accounts for the year ended 28 February 2025
PRO327 PROPERTY LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PRO327 PROPERTY LIMITED Company Information for the year ended 28 February 2025
Director
O I Akinola
Company Number
13901744 (England and Wales)
Registered Office
7 Bell Yard London WC2A 2JR UNITED KINGDOM
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
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PRO327 PROPERTY LIMITED Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
111,025
80,427
Current assets
Cash at bank and in hand
3,905
2,556
Creditors: amounts falling due within one year
5
(125,084)
(88,915)
Net current liabilities
(121,179)
(86,359)
Net liabilities
(10,154)
(5,932)
Capital and reserves
Called up share capital
6
1
1
Revaluation reserve
2,186
2,186
Profit and loss account
(12,341)
(8,119)
Shareholders' funds
(10,154)
(5,932)
For the year ending 28 February 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 director acknowledges her 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 and authorised for issue on 30 May 2025 and were signed on its behalf by
O I Akinola Director Company Registration No. 13901744
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PRO327 PROPERTY LIMITED Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
PRO327 PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13901744. The registered office is 7 Bell Yard, London, WC2A 2JR, 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:
Land & buildings
Not Depreciated
Computer equipment
25% Reducing balance
4
Tangible fixed assets
Land & buildings
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
80,000
-
570
80,570
Additions
-
35,330
599
35,929
At 28 February 2025
80,000
35,330
1,169
116,499
Depreciation
At 1 March 2024
-
-
143
143
Charge for the year
-
5,152
179
5,331
At 28 February 2025
-
5,152
322
5,474
Net book value
At 28 February 2025
80,000
30,178
847
111,025
At 29 February 2024
80,000
-
427
80,427
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PRO327 PROPERTY LIMITED Notes to the Accounts for the year ended 28 February 2025
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
54,500
46,275
Obligations under finance leases and hire purchase contracts
26,101
-
Loans from directors
44,244
42,166
Accruals
239
474
125,084
88,915
6
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
O I Akinola
Director Loan Account
(42,165)
(4,078)
(2,000)
(44,243)
(42,165)
(4,078)
(2,000)
(44,243)
8
Average number of employees
During the year the average number of employees was 1 (2024: 0).
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