The Property Funding Agency Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02776731 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

The Property Funding Agency Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTOR:

R J Berkley

SECRETARY:

H Berkley

REGISTERED OFFICE:

453 Cranbrook Road

Ilford

Essex

IG2 6EW

REGISTERED NUMBER:

02776731 (England and Wales)

ACCOUNTANTS:

Nielsens

Chartered Accountants

The Gatehouse

453 Cranbrook Road

Ilford

Essex

IG2 6EW

BANKERS:

HSBC

94 Kensington High Street

Kensington

London

W8 4SH

FIXED ASSETS

Tangible assets

4

500

1,000

CURRENT ASSETS

Debtors

39,308

28,719

CREDITORS

Amounts falling due within one year

32,793

29,288

NET CURRENT ASSETS/(LIABILITIES)

6,515

(569

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,015

431

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

6,915

331

SHAREHOLDERS' FUNDS

7,015

431

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 director acknowledges his 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.

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 director and authorised for issue on 29 September 2025 and were signed by:

R J Berkley - Director

1.	STATUTORY INFORMATION

The Property Funding Agency 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

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.

Tangible fixed assets

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

Fixtures, fittings & equipment

-

15% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

6,709

DEPRECIATION

At 1 January 2024

5,709

Charge for year

500

At 31 December 2024

6,209

NET BOOK VALUE

At 31 December 2024

500

At 31 December 2023

1,000

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

R J Berkley

Balance outstanding at start of year

21,279

44,172

Amounts advanced

11,529

-

Amounts repaid

-

(22,893

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

32,808

21,279

The director, received advances of £32,808 which bear interest at 2.25% p.a., are unsecured and repayable on demand.

6.	RELATED PARTY DISCLOSURES

The ultimate controlling party is R J Berkley.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Property Funding Agency Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of The Property Funding Agency Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Property Funding Agency Limited and state those matters that we have agreed to state to the director of The Property Funding Agency Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Property Funding Agency Limited and its director for our work or for this report.

It is your duty to ensure that The Property Funding Agency Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Property Funding Agency Limited. You consider that The Property Funding Agency 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 financial statements of The Property Funding Agency 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 financial statements.

Nielsens

Chartered Accountants

The Gatehouse

453 Cranbrook Road

Ilford

Essex

IG2 6EW

29 September 2025