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Company Registration No. 11610134 (England and Wales)
Prospectix Properties Limited Unaudited accounts for the year ended 31 October 2024
Prospectix Properties Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Prospectix Properties Limited Company Information for the year ended 31 October 2024
Director
Dr Babatunde Moriwawon
Secretary
Dr Babatunde Moriwawon
Company Number
11610134 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU United Kingdom
Accountants
Sodavic & Associates 193 Sixth Avenue London E12 5PT
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Prospectix Properties Limited Accountants' report
Accountants' report to the director of Prospectix Properties Limited on the preparation of the unaudited statutory accounts for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Prospectix Properties Limited for the year ended 31 October 2024 as set out on pages 5 - 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Prospectix Properties Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Prospectix Properties Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prospectix Properties Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Prospectix Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Prospectix Properties Limited. You consider that Prospectix Properties Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Prospectix Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Sodavic & Associates 193 Sixth Avenue London E12 5PT 6 September 2025
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Prospectix Properties Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
4
210,049 
- 
Current assets
Cash at bank and in hand
83,040 
1 
Creditors: amounts falling due within one year
5
(93,713)
- 
Net current (liabilities)/assets
(10,673)
1 
Total assets less current liabilities
199,376 
1 
Creditors: amounts falling due after more than one year
6
(201,368)
- 
Net (liabilities)/assets
(1,992)
1 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(1,993)
- 
Shareholders' funds
(1,992)
1 
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 director acknowledges his 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 5 September 2025 and were signed on its behalf by
Dr Babatunde Moriwawon Director Company Registration No. 11610134
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Prospectix Properties Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Prospectix Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11610134. The registered office is 20-22 Wenlock Road, London, N1 7GU, 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.
4
Investment property
2024 
£ 
Additions
210,049 
At 31 October 2024
210,049 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
(483)
- 
Loans from directors
85,196 
- 
Accruals
9,000 
- 
93,713 
- 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
124,856 
- 
Loans from directors
76,512 
- 
201,368 
- 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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