Company Registration No. 13554464 (England and Wales)
Proprieta Investments Limited
Unaudited accounts
for the year ended 31 December 2024
Proprieta Investments Limited
Unaudited accounts
Contents
Proprieta Investments Limited
Company Information
for the year ended 31 December 2024
Directors
K Borovska
G Hawkswood
Company Number
13554464 (England and Wales)
Registered Office
1st Floor Waterfront One
Waterfront Business Park
Brierley Hill
West Midlands
DY5 1LX
Proprieta Investments Limited
Statement of financial position
as at 31 December 2024
Investment property
160,000
135,762
Cash at bank and in hand
560
4,285
Creditors: amounts falling due within one year
(1,290)
(1,005)
Net current (liabilities)/assets
(363)
3,280
Total assets less current liabilities
159,637
139,042
Creditors: amounts falling due after more than one year
(137,236)
(138,842)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
16,242
100
Shareholders' funds
16,342
200
For the year ending 31 December 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 30 September 2025 and were signed on its behalf by
G Hawkswood
Director
Company Registration No. 13554464
Proprieta Investments Limited
Notes to the Accounts
for the year ended 31 December 2024
Proprieta Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 13554464. The registered office is 1st Floor Waterfront One, Waterfront Business Park, Brierley Hill, West Midlands, DY5 1LX.
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.
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.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
Proprieta Investments Limited
Notes to the Accounts
for the year ended 31 December 2024
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Fair value at 1 January 2024
135,762
Net gain from fair value adjustments
24,238
At 31 December 2024
160,000
The directors are of the opinion that the property cost represents the fair value, on an open market value for existing use basis.
The revaluation gain recognised in the profit and loss account is unrealised and therefore not available for distribution.
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
375
Proprieta Investments Limited
Notes to the Accounts
for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
17,847
46,347
Details of security provided:
Bank loans are secured against the investment property.
The director loan is unsecured and interest free.
8
Deferred taxation
2024
2023
Revaluation of investment property
6,059
-
Charged to the profit and loss account
6,059
-
Provision at end of year
6,059
-
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).