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REGISTERED NUMBER: 05248156 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PROPELLER BUSINESS DEVELOPMENT LIMITED

PROPELLER BUSINESS DEVELOPMENT LIMITED (REGISTERED NUMBER: 05248156)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024

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Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PROPELLER BUSINESS DEVELOPMENT LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2024







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DIRECTORS: K Kent
J M Osman





REGISTERED OFFICE: 7a Abbey Business Park
Monks Walk
Farnham
Surrey
GU9 8HT





REGISTERED NUMBER: 05248156 (England and Wales)

PROPELLER BUSINESS DEVELOPMENT LIMITED (REGISTERED NUMBER: 05248156)

ABRIDGED BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
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FIXED ASSETS
Intangible assets 4 14,421 -
Tangible assets 5 6,090 8,120
20,511 8,120

CURRENT ASSETS
Debtors 441,027 453,582
Cash at bank 45,451 102,161
486,478 555,743
CREDITORS
Amounts falling due within one year 121,104 135,124
NET CURRENT ASSETS 365,374 420,619
TOTAL ASSETS LESS CURRENT
LIABILITIES

385,885

428,739

PROVISIONS FOR LIABILITIES 3,897 1,543
NET ASSETS 381,988 427,196

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 6 6
Retained earnings 381,882 427,090
SHAREHOLDERS' FUNDS 381,988 427,196

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PROPELLER BUSINESS DEVELOPMENT LIMITED (REGISTERED NUMBER: 05248156)

ABRIDGED BALANCE SHEET - continued
31 December 2024

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The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2025 and were signed on its behalf by:




K Kent - Director



J M Osman - Director


PROPELLER BUSINESS DEVELOPMENT LIMITED (REGISTERED NUMBER: 05248156)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024

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1. STATUTORY INFORMATION

Propeller Business Development Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of business development services, excluding value added tax, performed during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and equipment-25% reducing balance
Fixtures and fittings-25% reducing balance

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Deferred tax represents the future tax consequences of material transactions and events recognised in the financial statements of current and previous periods.

Current and deferred tax assets and liabilities are not discounted and are recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable are charged to the profit and loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

PROPELLER BUSINESS DEVELOPMENT LIMITED (REGISTERED NUMBER: 05248156)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024

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4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 15,180
At 31 December 2024 15,180
AMORTISATION
Amortisation for year 759
At 31 December 2024 759
NET BOOK VALUE

At 31 December 2024 14,421

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024
and 31 December 2024 38,039
DEPRECIATION
At 1 January 2024 29,919
Charge for year 2,030
At 31 December 2024 31,949
NET BOOK VALUE
At 31 December 2024 6,090
At 31 December 2023 8,120

6. SECURED DEBTS

Fixed and floating charges over all property or undertaking of the company were created on 27 February 2023 by Triple Point Advancr Leasing PLC to secure all monies due or becoming due. The charge also contained a negative pledge over the property.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2024 the company had loaned a director £nil (2023 - £2,587). The maximum amount owed during the year was £2,587, no interest has been charged on the loan and it was repaid in full within the reporting period.

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

PROPELLER BUSINESS DEVELOPMENT LIMITED (REGISTERED NUMBER: 05248156)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024


8. RELATED PARTY DISCLOSURES - continued
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During the year, the company entered into transactions with its related parties, which are members of the same group.

Amounts owed to related parties at the end of the year:
Propeller Marketing Group Limited was £11,171 (2023 - £8,781).

Amounts owed by related parties at the end of the year:
Propeller PR & Content Limited £297,133 (2023 - £333,863).

These amounts are unsecured, interest-free and repayable on demand.

No guarantees have been given or received. No expenses have been recognised during the current or previous financial year for bad or doubtful debts in respect of the amounts owed by or to related parties.