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Registered number: 04978427
Propco Developments Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04978427
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 451,042 623,478
Investments 5 1 1
451,043 623,479
CURRENT ASSETS
Debtors 6 504 5,660
Cash at bank and in hand 53,077 32,553
53,581 38,213
Creditors: Amounts Falling Due Within One Year 7 (50,326 ) (206,948 )
NET CURRENT ASSETS (LIABILITIES) 3,255 (168,735 )
TOTAL ASSETS LESS CURRENT LIABILITIES 454,298 454,744
PROVISIONS FOR LIABILITIES
Deferred Taxation - (1,250 )
NET ASSETS 454,298 453,494
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve - 5,000
Profit and Loss Account 454,198 448,394
SHAREHOLDERS' FUNDS 454,298 453,494
Page 1
Page 2
For the year ending 31 August 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms S C Coombs
Director
Mr J T Coombs
Director
11 May 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Propco Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04978427 . The registered office is 8 Cwrt-Y-Vil Road, Penath, CF64 3HN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
2.2. Turnover
Turnover represents the total invoice value, excluding value added tax of rents and other property income due in respect of the year.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
Fixtures & Fittings 20% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.4. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2024 623,478 2,064 625,542
Additions 12,564 - 12,564
Disposals (185,000 ) - (185,000 )
As at 31 August 2025 451,042 2,064 453,106
Depreciation
As at 1 September 2024 - 2,064 2,064
As at 31 August 2025 - 2,064 2,064
Net Book Value
As at 31 August 2025 451,042 - 451,042
As at 1 September 2024 623,478 - 623,478
Page 4
Page 5
5. Investments
Other
£
Cost or Valuation
As at 1 September 2024 1
As at 31 August 2025 1
Provision
As at 1 September 2024 -
As at 31 August 2025 -
Net Book Value
As at 31 August 2025 1
As at 1 September 2024 1
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 5,634
Taxes and social security 478 -
Amounts owed by connected companies 26 26
504 5,660
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 9,722
Other taxes and social security 37,676 5,026
Accruals 2,650 2,200
Directors' loan accounts 10,000 190,000
50,326 206,948
8. Share Capital
2025 2024
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
Page 5