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Company Registration No. 11645971 (England and Wales)
Property B Limited Unaudited accounts for the year ended 31 October 2024
Property B Limited Unaudited accounts Contents
Page
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Property B Limited Company Information for the year ended 31 October 2024
Directors
Mr Alexander Lower Ms Lok Yiu Ngai
Company Number
11645971 (England and Wales)
Registered Office
27 OLD GLOUCESTER STREET LONDON WC1N 3AX ENGLAND
Accountants
Accounting Wise Ltd 3 The Carriages Station Road Ware Hertfordshire SG129PL
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Property B Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
2,495 
Investment property
1,662,000 
1,662,000 
1,662,000 
1,664,495 
Current assets
Debtors
17,359 
2,574 
Cash at bank and in hand
9,193 
9,469 
26,552 
12,043 
Creditors: amounts falling due within one year
(674,144)
(591,375)
Net current liabilities
(647,592)
(579,332)
Total assets less current liabilities
1,014,408 
1,085,163 
Creditors: amounts falling due after more than one year
(863,122)
(955,763)
Provisions for liabilities
Deferred tax
(34,192)
(33,012)
Net assets
117,094 
96,388 
Capital and reserves
Called up share capital
2 
2 
Fair value reserve
108,987 
110,167 
Profit and loss account
8,105 
(13,781)
Shareholders' funds
117,094 
96,388 
For the year ending 31 October 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 14 May 2025 and were signed on its behalf by
Mr Alexander Lower Director Company Registration No. 11645971
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Property B Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Property B Limited is a private company, limited by shares, registered in England and Wales, registration number 11645971. The registered office is 27 OLD GLOUCESTER STREET, LONDON, WC1N 3AX, 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:
Land & buildings
No depreciation
Plant & machinery
25% SLM
Computer equipment
3 Years SLM
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2023
12,536 
At 31 October 2024
12,536 
Depreciation
At 1 November 2023
10,041 
Charge for the year
2,495 
At 31 October 2024
12,536 
Net book value
At 31 October 2024
- 
At 31 October 2023
2,495 
5
Investment property
2024 
£ 
Fair value at 1 November 2023
1,662,000 
At 31 October 2024
1,662,000 
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Property B Limited Notes to the Accounts for the year ended 31 October 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,574 
2,574 
Other debtors
14,785 
- 
17,359 
2,574 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
68,313 
- 
Trade creditors
- 
2,203 
Taxes and social security
4,673 
- 
Other creditors
2,070 
2,216 
Loans from directors
599,088 
585,719 
Accruals
- 
1,237 
674,144 
591,375 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
863,122 
955,763 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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