Company Registration No. 08524751 (England and Wales)
Faster Property Solutions Ltd
Unaudited accounts
for the period from 1 April 2024 to 30 March 2025
Faster Property Solutions Ltd
Unaudited accounts
Contents
Faster Property Solutions Ltd
Company Information
for the period from 1 April 2024 to 30 March 2025
Directors
Prabhjot Singh Paul
Tejinder Singh Paul
Secretary
Prabhjot Singh Paul
Company Number
08524751 (England and Wales)
Registered Office
9-11 New Broadway
Ealing
London
W5 5AW
England
Accountants
Cloud Tax Ltd
9-11 New Broadway
Ealing
London
W5 5AW
Faster Property Solutions Ltd
Statement of financial position
as at 30 March 2025
Tangible assets
5,202,196
5,207,433
Cash at bank and in hand
61,596
(109,397)
Creditors: amounts falling due within one year
(26,099)
(437,443)
Net current assets/(liabilities)
222,739
(541,735)
Total assets less current liabilities
5,424,935
4,665,698
Creditors: amounts falling due after more than one year
(4,220,530)
(3,359,430)
Net assets
1,204,405
1,306,268
Called up share capital
131
130
Share premium
1,052,053
1,052,053
Profit and loss account
152,221
254,085
Shareholders' funds
1,204,405
1,306,268
For the period ending 30 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 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 December 2025 and were signed on its behalf by
Prabhjot Singh Paul
Director
Company Registration No. 08524751
Faster Property Solutions Ltd
Notes to the Accounts
for the period from 1 April 2024 to 30 March 2025
Faster Property Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 08524751. The registered office is 9-11 New Broadway, Ealing, London, W5 5AW, 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 period, 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:
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.
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Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
5,110,000
111,104
2,598
5,223,702
Additions
57,215
3,650
-
60,865
At 30 March 2025
5,167,215
114,754
2,598
5,284,567
At 1 April 2024
-
14,762
1,507
16,269
Charge for the period
51,100
14,838
164
66,102
At 30 March 2025
51,100
29,600
1,671
82,371
At 30 March 2025
5,116,115
85,154
927
5,202,196
At 31 March 2024
5,110,000
96,342
1,091
5,207,433
Faster Property Solutions Ltd
Notes to the Accounts
for the period from 1 April 2024 to 30 March 2025
Amounts falling due within one year
Other debtors
187,242
(68,254)
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Creditors: amounts falling due within one year
2025
2024
Taxes and social security
7,329
(4,686)
Other creditors
17,213
236,956
Loans from directors
-
8,931
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Creditors: amounts falling due after more than one year
2025
2024
Bank loans
3,727,365
2,873,430
Loans from directors
493,165
486,000
At the balance sheet date, the company owes to the directors as follow:
Prabhjot Paul - £263,707
Tejinder Paul - £229,457
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Average number of employees
During the period the average number of employees was 6 (2024: 5).