Company Registration No. 11393991 (England and Wales)
Propertywide Investments Ltd
Unaudited accounts
for the year ended 31 May 2025
Propertywide Investments Ltd
Unaudited accounts
Contents
Propertywide Investments Ltd
Company Information
for the year ended 31 May 2025
Company Number
11393991 (England and Wales)
Registered Office
91 Park Avenue
Southall
Middlesex
UB1 3AJ
England
Propertywide Investments Ltd
Statement of financial position
as at 31 May 2025
Tangible assets
1,128
1,844
Investment property
420,000
420,000
Cash at bank and in hand
143,943
24,655
Creditors: amounts falling due within one year
(146,617)
(136,082)
Net current liabilities
(2,674)
(111,427)
Total assets less current liabilities
418,454
310,417
Creditors: amounts falling due after more than one year
(377,242)
(260,593)
Provisions for liabilities
Deferred tax
(9,970)
(9,970)
Called up share capital
1
1
Profit and loss account
31,241
39,853
Shareholders' funds
31,242
39,854
For the year ending 31 May 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 director acknowledges her 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 and authorised for issue on 29 May 2026 and were signed on its behalf by
Jasvir Kaur Brar
Director
Company Registration No. 11393991
Propertywide Investments Ltd
Notes to the Accounts
for the year ended 31 May 2025
Propertywide Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 11393991. The registered office is 91 Park Avenue, Southall, Middlesex, UB1 3AJ, 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 year, 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:
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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 property rental income is recognised on a straight-line basis over the term of the lease agreement. Rental income is recognised as it falls due in accordance with the contractual terms of each tenancy agreement, provided that it is probable that the economic benefits will flow to the company and the amount can be measured reliably.
Where rent-free periods or other lease incentives are granted to tenants, the benefit of such incentives is spread on a straight-line basis over the lease term.
Restating comparative period
The comparative period has been restated to show corrected cost of investment property and its revaluation to fair market value and recognition of deferred tax liability on revaluation.
Propertywide Investments Ltd
Notes to the Accounts
for the year ended 31 May 2025
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 June 2024
420,000
6
Creditors: amounts falling due within one year
2025
2024
Loans from directors
145,917
135,324
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
377,242
250,000
8
Average number of employees
During the year the average number of employees was 1 (2024: 0).
9
Reconciliations on adoption of FRS 102