Prop Builders Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 6599521

Prop Builders Limited

Filleted Unaudited Financial Statements

31 May 2025

Prop Builders Limited

Financial Statements

Year ended 31 May 2025

Contents	Page

Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Prop Builders Limited

Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Prop Builders Limited

Year ended 31 May 2025

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 May 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

VAGHELA & CO. (SERVICES) LTD. Chartered Certified Accountants

P.O. Box 10901 Birmingham B1 1ZQ

31 May 2026

Prop Builders Limited

Statement of Financial Position

31 May 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		550,001	550,001

Current assets

Debtors	5	97,274	97,274
Cash at bank and in hand		3,621	3,621
		---------	---------
		100,895	100,895

Creditors: amounts falling due within one year	6	403,132		403,132
		---------		---------
Net current liabilities			302,237	302,237
			---------	---------
Total assets less current liabilities			247,764	247,764

Creditors: amounts falling due after more than one year	7	101,636	101,636
		---------	---------
Net assets		146,128	146,128
		---------	---------

Capital and reserves

Called up share capital	8	2	2
Profit and loss account		146,126	146,126
		---------	---------
Shareholders funds		146,128	146,128
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Prop Builders Limited

Statement of Financial Position (continued)

31 May 2025

These financial statements were approved by the board of directors and authorised for issue on 31 May 2026 , and are signed on behalf of the board by:

Mrs M.K. Gill
Director

Company registration number: 6599521

Prop Builders Limited

Notes to the Financial Statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 160 Gravesend Road, Strrod, Kent, ME2 3QT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Income statement

The company is dormant as defined by section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current year or prior year.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

		-	15% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible assets

	Land and buildings	Equipment	Total
	£	£	£
Cost
At 1 June 2024 and 31 May 2025	550,000	3,648	553,648
	---------	-------	---------
Depreciation
At 1 June 2024 and 31 May 2025	–	3,647	3,647
	---------	-------	---------
Carrying amount
At 31 May 2025	550,000	1	550,001
	---------	-------	---------
At 31 May 2024	550,000	1	550,001
	---------	-------	---------

5. Debtors

	2025	2024
	£	£
Other debtors	97,274	97,274
	--------	--------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	403,132	403,132
	---------	---------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	50,000	50,000
Amounts owed to group undertakings and undertakings in which the company has a participating interest	51,636	51,636
	---------	---------
	101,636	101,636
	---------	---------

8. Called up share capital

Authorised share capital

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
	----	----	----	----

9. Director's advances, credits and guarantees

At 31 May 2025, other creditors include the following due to the directors £210,(31 May 2024 £210). The loans are interest free & repayable on demand.

10. Related party transactions

The director, Mrs M. Gill received no dividends for year under review. Included in creditors amounts due in more than one year is £54,933 (2022 - £54,933) owed to Pennai Construction Limited an associate company whose director is a close family member. Another £10,000 (£10,000 - 2022) is owed to Shergill Consultancy and Management Limited. £10,500 (£10,500 - 2022)is owed to Prop Builders Limited from First Cut Limited. £2797 (£2,797 - 2022)is owed by Kent Property Management & Developments Limited Mrs M. Gill is a common director of First Cut UK Limited and Shergill Consultancy and Management Limited and Prop Builders Limited and Kent Property Management & Developments Limited.