Company Registration No. 06930625 (England and Wales)
Property Projections Limited
Unaudited accounts
for the year ended 31 March 2025
Property Projections Limited
Unaudited accounts
Contents
Property Projections Limited
Company Information
for the year ended 31 March 2025
Company Number
06930625 (England and Wales)
Registered Office
6 Carr Hill Road
Calverley
Leeds
West Yorkshire
LS28 5PJ
England
Accountants
True North Accountancy Ltd
19 Forest Crescent
Illingworth
Halifax
West Yorkshire
HX2 8DS
Property Projections Limited
Statement of financial position
as at 31 March 2025
Tangible assets
36,298
48,399
Cash at bank and in hand
(19,227)
(15,097)
Creditors: amounts falling due within one year
(115,118)
(131,457)
Net current liabilities
(95,071)
(107,364)
Total assets less current liabilities
(58,773)
(58,965)
Creditors: amounts falling due after more than one year
(18,516)
(29,801)
Net liabilities
(77,289)
(88,766)
Called up share capital
1
1
Profit and loss account
(77,290)
(88,767)
Shareholders' funds
(77,289)
(88,766)
For the year ending 31 March 2025 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 11 September 2025 and were signed on its behalf by
G H Drake
Director
Company Registration No. 06930625
Property Projections Limited
Notes to the Accounts
for the year ended 31 March 2025
Property Projections Limited is a private company, limited by shares, registered in England and Wales, registration number 06930625. The registered office is 6 Carr Hill Road, Calverley, Leeds, West Yorkshire, LS28 5PJ, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
33% Reducing Balance
The accounts have being prepared on the going concern basis, on the understanding the Director will continue to financially support the company for the foreseeable future.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Property Projections Limited
Notes to the Accounts
for the year ended 31 March 2025
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
34,765
82,223
278
117,266
At 31 March 2025
34,765
82,223
278
117,266
At 1 April 2024
28,803
39,786
278
68,867
Charge for the year
1,491
10,610
-
12,101
At 31 March 2025
30,294
50,396
278
80,968
At 31 March 2025
4,471
31,827
-
36,298
At 31 March 2024
5,962
42,437
-
48,399
Amounts falling due within one year
Accrued income and prepayments
1,274
1,150
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
8,000
8,855
Obligations under finance leases and hire purchase contracts
4,138
4,138
Trade creditors
19,661
38,625
Taxes and social security
13,873
29,632
Other creditors
20,705
1,770
Loans from directors
3,554
2,574
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
17,184
21,324
Property Projections Limited
Notes to the Accounts
for the year ended 31 March 2025
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
(2,574)
11,020
12,000
(3,554)
(2,574)
11,020
12,000
(3,554)
During the year, the company made interest free advances to a director amounting to £11,020 (2023 £842). These were repayable on demand. The company received repayments of £12,000.00.
10
Transactions with related parties
Included in Other Creditors is £17,000 owed to G D Heating Services Ltd , a company that Mr G Drake holds a controlling interest in. The loan is repayable on demand.
11
Average number of employees
During the year the average number of employees was 4 (2024: 4).