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Company Registration No. 12646461 (England and Wales)
Progress Property Services Ltd Unaudited accounts for the year ended 30 June 2025
Progress Property Services Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Progress Property Services Ltd Company Information for the year ended 30 June 2025
Directors
Nnamdi Nathan Babundo Chuka Jeffery Babundo
Company Number
12646461 (England and Wales)
Registered Office
Capital Office 124-128 City Road London London EC1V 2NX England
- 3 -
Progress Property Services Ltd Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
69,411
69,411
Current assets
Debtors
5
80,684
80,684
Cash at bank and in hand
944
971
81,628
81,655
Creditors: amounts falling due within one year
6
(21,401)
(21,401)
Net current assets
60,227
60,254
Net assets
129,638
129,665
Capital and reserves
Profit and loss account
129,638
129,665
Shareholders' funds
129,638
129,665
For the year ending 30 June 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 10 April 2026 and were signed on its behalf by
Nnamdi Nathan Babundo Director Company Registration No. 12646461
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Progress Property Services Ltd Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Progress Property Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 12646461. The registered office is Capital Office, 124-128 City Road, London, London, EC1V 2NX, 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.
3
Accounting policies
These financial statements for the year ended 30 June 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 July 2024
69,411
At 30 June 2025
69,411
Depreciation
At 30 June 2025
-
Net book value
At 30 June 2025
69,411
At 30 June 2024
69,411
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
80,684
80,684
6
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
21,401
21,401
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Progress Property Services Ltd Notes to the Accounts for the year ended 30 June 2025
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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