Properlee Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC634838 (Scotland)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Properlee Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

K Lee

Mrs K Lee

REGISTERED OFFICE:

29 Lawrence Avenue

Giffnock

Glasgow

G46 6PF

REGISTERED NUMBER:

SC634838 (Scotland)

ACCOUNTANTS:

Goddard Accounting and Tax Solutions

Ben Loyal Lodge

25 Kenilworth Road

Bridge Of Allan

Stirling

FK9 4EH

FIXED ASSETS

Tangible assets

4

146,707

161,242

CURRENT ASSETS

Prepayments and accrued income

160

-

Cash at bank

4,536

827

4,696

827

CREDITORS

Amounts falling due within one year

5

118,002

111,914

NET CURRENT LIABILITIES

(113,306

)

(111,087

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

33,401

50,155

CREDITORS

Amounts falling due after more than one
year

6

87,524

87,538

NET LIABILITIES

(54,123

)

(37,383

)

CAPITAL AND RESERVES

Called up share capital

10

Retained earnings

(54,133

)

(37,393

)

(54,123

)

(37,383

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 21 April 2026 and were signed on its behalf by:

K Lee - Director

1.	STATUTORY INFORMATION

Properlee Ltd is a private company, limited by shares , registered in Scotland. 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.

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.

Plant and machinery etc

-

50% on cost and 20% on cost

Taxation

Taxation for the year comprises current 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 August 2024

120,959

77,375

198,334

Additions

-

1,079

At 31 July 2025

120,959

78,454

199,413

DEPRECIATION

At 1 August 2024

-

37,092

Charge for year

-

15,614

At 31 July 2025

-

52,706

NET BOOK VALUE

At 31 July 2025

120,959

25,748

146,707

At 31 July 2024

120,959

40,283

161,242

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Other creditors

118,002

111,914

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.7.25

31.7.24

£

Bank loans

87,524

87,538

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

87,524

87,538

7.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the directors £116,902 (2024 - £110,986). No interest was paid in respect of this loan, which is unsecured, repayable on demand and included in other creditors due within one year.

8.	SECURED DEBTS

The bank loan of £87,524 (2024 £87,538) included within creditors is a standard mortgage.

9.	GOING CONCERN

At the balance sheet date of 31 August 2025, the Company presented net liabilities of £54,123 (2024 £37,383). The Company is supported by a loan from the directors. The directors have confirmed that the loan facility will remain available for at least the next 12 months from the date of signing the financial statements and they will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Properlee Ltd for the year ended 31 July 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Properlee Ltd, as a body, in accordance with the terms of our engagement letter dated 15 April 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Properlee Ltd and state those matters that we have agreed to state to the Board of Directors of Properlee Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Properlee Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Properlee Ltd. You consider that Properlee Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Properlee Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Goddard Accounting and Tax Solutions

Ben Loyal Lodge

25 Kenilworth Road

Bridge Of Allan

Stirling

FK9 4EH

22 April 2026