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REGISTERED NUMBER: 11551001 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PROPERTEESY LTD

PROPERTEESY LTD (REGISTERED NUMBER: 11551001)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 6


PROPERTEESY LTD (REGISTERED NUMBER: 11551001)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Investment property 4 690,000 420,000

CURRENT ASSETS
Debtors 5 15,303 15,763
Cash at bank 3,804 23,611
19,107 39,374
CREDITORS
Amounts falling due within one year 6 (118,164 ) (115,761 )
NET CURRENT LIABILITIES (99,057 ) (76,387 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

590,943

343,613

CREDITORS
Amounts falling due after more than one
year

7

(465,601

)

(276,015

)

PROVISIONS FOR LIABILITIES (36,206 ) (21,958 )
NET ASSETS 89,136 45,640

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 108,618 65,875
Retained earnings (19,582 ) (20,335 )
89,136 45,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

PROPERTEESY LTD (REGISTERED NUMBER: 11551001)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 director and authorised for issue on 23 June 2025 and were signed by:





M Nowak - Director


PROPERTEESY LTD (REGISTERED NUMBER: 11551001)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Properteesy Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11551001

Registered office: 91 Hounslow Road
Hanworth
Feltham
London
TW13 6QA

The principal activity of the company is that of an investment property company.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investment properties

The open market value of the investment properties has been determined by the director, based on mortgage valuations and her experience of the market.

GOING CONCERN
The accounts have been prepared on the going concern basis. The director believes this to be appropriate as she has expressed her willingness to support the business for the foreseeable future.

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.

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

PROPERTEESY LTD (REGISTERED NUMBER: 11551001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 420,000
Additions 213,009
Revaluations 56,991
At 30 September 2024 690,000
NET BOOK VALUE
At 30 September 2024 690,000
At 30 September 2023 420,000

The director considers the investment property to be stated at fair value as at 30 September 2024.

PROPERTEESY LTD (REGISTERED NUMBER: 11551001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. INVESTMENT PROPERTY - continued

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2021 49,874
Valuation in 2023 37,960
Valuation in 2024 56,991
Cost 545,175
690,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 8,800 8,800
Deferred tax asset 6,503 6,754
Prepayments and accrued income - 209
15,303 15,763

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other creditors 50,725 50,725
Directors' current accounts 58,158 59,615
Accruals and deferred income 9,281 5,421
118,164 115,761

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Other loans more 5 years
non-instalments 465,601 276,015
465,601 276,015

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5 years
non-instalments 465,601 276,015
465,601 276,015

The other loans are secured by fixed charges over all investment properties.

8. EVENTS AFTER THE END OF THE REPORTING PERIOD

There were no significant events up to the date of approval of the financial statements by the Board.

PROPERTEESY LTD (REGISTERED NUMBER: 11551001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


9. GOING CONCERN

The accounts have been prepared on the going concern basis. The director believes this to be appropriate as she has expressed her willingness to support the business for the foreseeable future.