REGISTERED NUMBER: 12058679 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Propdev Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E D Dowlaty

A Dowlaty

REGISTERED OFFICE:

85 Earls Lane

Slough

SL1 5DJ

REGISTERED NUMBER:

12058679 (England and Wales)

ACCOUNTANTS:

Norton Accountancy Ltd

7 Soundwell Road

Staple Hill

Bristol

BS16 4QG

FIXED ASSETS

Investment property

4

210,000

168,000

CURRENT ASSETS

Debtors

5

1,050

1,050

Cash at bank

1,500

3,116

2,550

4,166

CREDITORS

Amounts falling due within one year

6

(1,084

)

(990

)

NET CURRENT ASSETS

1,466

3,176

TOTAL ASSETS LESS CURRENT LIABILITIES

211,466

171,176

CREDITORS

Amounts falling due after more than one year

7

(192,993

)

(193,323

)

NET ASSETS/(LIABILITIES)

18,473

(22,147

)

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

42,000

-

Retained earnings

(23,627

)

(22,247

)

18,473

(22,147

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

Mrs E D Dowlaty - Director

A Dowlaty - Director

1.	STATUTORY INFORMATION

Propdev Services Ltd 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 as modified by the revaluation of certain assets.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

168,000

Revaluations

42,000

At 31 March 2025

210,000

NET BOOK VALUE

At 31 March 2025

210,000

At 31 March 2024

168,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

42,000

Cost

168,000

210,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

825

825

Prepayments and accrued income

225

225

1,050

1,050

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

544

480

Accruals and deferred income

540

510

1,084

990

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Mortgage

119,846

127,346

Directors' loan accounts

73,147

65,977

192,993

193,323

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the Directors were owed £73,147 from the company (2024 - £65,977) . This is repayable on demand with no interest.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is the Directors by virtue of theirshareholding..