Company registration number: 10243450
Unaudited financial statements
for the year ended 31 March 2025
for
Property Procure Limited
Pages for filing with the Registrar
Company registration number: 10243450
Property Procure Limited
Balance sheet
as at 31 March 2025
31 Mar 25 31 Mar 24
Note £ £ £ £
Fixed assets
Tangible assets 4 43 58
Investment property 5 1,500,000 1,500,000
1,500,043 1,500,058
Current assets
Debtors 112 119
Cash at bank and in hand 1,300 3,628
1,412 3,747
Creditors: amounts falling due within one
year 		(387,678) (363,225)
Net current liabilities (386,266) (359,478)
Total assets less current liabilities 1,113,777 1,140,580
Creditors: Amounts falling due after more
than one year 		(775,639) (775,639)
Provisions for liabilities (80,009) (80,009)
NET ASSETS 258,129 284,932
Capital and reserves
Called up share capital 100 100
Other reserves 253,494 253,494
Profit and loss account 4,535 31,338
TOTAL EQUITY 258,129 284,932
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10243450
Property Procure Limited
Balance sheet - continued
as at 31 March 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr T Meric, Director
29 December 2025
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Property Procure Limited
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Property Procure Limited is a private company registered in England and Wales. Its registered number is 10243450. The company is limited by shares. Its registered office is 149 High Street, London, N14 6BP.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 25% reducing balance
Fixtures & fittings -
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
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Property Procure Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was 2 (2024 - 2).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2024 430
At 31 March 2025 430
Depreciation
At 1 April 2024 372
Charge for year 15
At 31 March 2025 387
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Property Procure Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
4 Tangible fixed assets - continued
Net book value
At 31 March 2025 43
At 31 March 2024 58
Cost or valuation at 31 March 2025 is represented by:
Plant and
machinery
etc.
£
Valuation in 2025 -
Valuation in 2024 -
Cost 430
430
If Investment Property had not been revalued, it would have been included at the following historical cost:
31 Mar 25 31 Mar 24
£ £
Cost 1,166,496 1,166,496
Accumulated depreciation - -
The fair value of investment properties at the reporting date was based on a valuation carried out by the directors. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in its location, together with a review of property rental yields. No depreciation is provided in respect of these properties.
5 Investment property
£
Valuation
At 1 April 2024 1,500,000
At 31 March 2025 1,500,000
6 Related party transactions
Amount due to related Parties

Included within other Creditors is loan of £352,599 (2024 £328,295) due to a director of company. The loan is unsecured, interest is charged of 7.5% on an annual basis, has no fixed date of repayment and repay on demand.
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Property Procure Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
7 Interest Payable
Interest payable for the year ended 31 March 2025 amounted to £77,451 (2024: £38,498).

The increase in interest payable during the year is primarily attributable to interest on the director's loan. Interest payable to the director for the year ended 31 March 2024 was not accounted for in that financial year and has therefore been carried forward and recognised in the year ended 31 March 2025.

Interest payable to the director for the year ended 31 March 2025 amounted to £21,566 (2024: £21,138).
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