IRIS Accounts Production v25.2.0.378 09307093 Board of Directors 1.12.23 30.11.24 30.11.24 false true false false false true false A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093070932023-11-30093070932024-11-30093070932023-12-012024-11-30093070932022-11-30093070932022-12-012023-11-30093070932023-11-3009307093ns15:EnglandWales2023-12-012024-11-3009307093ns14:PoundSterling2023-12-012024-11-3009307093ns10:Director12023-12-012024-11-3009307093ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3009307093ns10:SmallEntities2023-12-012024-11-3009307093ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3009307093ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3009307093ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3009307093ns10:AbridgedAccounts2023-12-012024-11-300930709312023-12-012024-11-3009307093ns10:OrdinaryShareClass32023-12-012024-11-3009307093ns10:OrdinaryShareClass42023-12-012024-11-3009307093ns10:OrdinaryShareClass52023-12-012024-11-3009307093ns5:CurrentFinancialInstruments2024-11-3009307093ns5:CurrentFinancialInstruments2023-11-3009307093ns5:Non-currentFinancialInstruments2024-11-3009307093ns5:Non-currentFinancialInstruments2023-11-3009307093ns5:ShareCapital2024-11-3009307093ns5:ShareCapital2023-11-3009307093ns5:CapitalRedemptionReserve2024-11-3009307093ns5:CapitalRedemptionReserve2023-11-3009307093ns5:RetainedEarningsAccumulatedLosses2024-11-3009307093ns5:RetainedEarningsAccumulatedLosses2023-11-3009307093ns10:RegisteredOffice2023-12-012024-11-3009307093ns5:IntangibleAssetsOtherThanGoodwill2023-12-012024-11-3009307093ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-012024-11-3009307093ns5:PlantMachinery2023-12-012024-11-3009307093ns5:FurnitureFittings2023-12-012024-11-3009307093ns5:MotorVehicles2023-12-012024-11-3009307093ns5:ComputerEquipment2023-12-012024-11-3009307093ns10:OrdinaryShareClass32024-11-3009307093ns10:OrdinaryShareClass42024-11-3009307093ns10:OrdinaryShareClass52024-11-30
REGISTERED NUMBER: 09307093 (England and Wales)











PROXIMITY FUTURES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






PROXIMITY FUTURES LTD (REGISTERED NUMBER: 09307093)

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










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


PROXIMITY FUTURES LTD (REGISTERED NUMBER: 09307093)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 250
Tangible assets 5 125,147 147,362
125,147 147,612

CURRENT ASSETS
Debtors 68,955 57,902
Prepayments and accrued income 13,685 5,005
Cash at bank 1,013,929 1,054,836
1,096,569 1,117,743
CREDITORS
Amounts falling due within one year 175,743 182,419
NET CURRENT ASSETS 920,826 935,324
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,045,973

1,082,936

CREDITORS
Amounts falling due after more than one
year

(5,287

)

(15,670

)

PROVISIONS FOR LIABILITIES (13,899 ) -

ACCRUALS AND DEFERRED INCOME (158,915 ) (327,747 )
NET ASSETS 867,872 739,519

CAPITAL AND RESERVES
Called up share capital 6 340 340
Capital redemption reserve 32 32
Retained earnings 867,500 739,147
SHAREHOLDERS' FUNDS 867,872 739,519

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

PROXIMITY FUTURES LTD (REGISTERED NUMBER: 09307093)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 2024


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 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 12 August 2025 and were signed on its behalf by:





R P Rayner - Director


PROXIMITY FUTURES LTD (REGISTERED NUMBER: 09307093)

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


1. STATUTORY INFORMATION

Proximity Futures 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: 09307093

Registered office: 22 Greenfields Business Park
Wheatfield Way
Hinckley
Leicestershire
LE10 1BB

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.

Turnover
Turnover represents amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

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.

Development costs are being amortised evenly over their estimated useful life of 3 years starting from the year in which the product is first fully functional.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the period of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance and over the period of the lease
Computer equipment - 25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Debtors and creditors
Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

Any losses arising from impairment are recognised in the profit and loss account.


PROXIMITY FUTURES LTD (REGISTERED NUMBER: 09307093)

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


2. ACCOUNTING POLICIES - continued
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 or deferred taxation assets and liabilities are not discounted.

Current tax is 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023
and 30 November 2024 68,263
AMORTISATION
At 1 December 2023 68,013
Amortisation for year 250
At 30 November 2024 68,263
NET BOOK VALUE

At 30 November 2024 -
At 30 November 2023 250

PROXIMITY FUTURES LTD (REGISTERED NUMBER: 09307093)

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


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023 248,397
Additions 33,867
Disposals (25,750 )
At 30 November 2024 256,514
DEPRECIATION
At 1 December 2023 101,035
Charge for year 45,219
Eliminated on disposal (14,887 )
At 30 November 2024 131,367
NET BOOK VALUE
At 30 November 2024 125,147
At 30 November 2023 147,362

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
136 A Ordinary £1 136 136
136 B Ordinary £1 136 136
34 C Ordinary £1 34 34
34 D Ordinary £1 34 34
340 340

7. OTHER FINANCIAL COMMITMENTS

Not included in the balance sheet are financial commitments, in the form of operating leases, amounting to £1,800 (2023 - £24,992].