| Propeti Ltd |
| Registered number: |
12488200 |
| Balance Sheet |
| as at 28 February 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
802,359 |
|
|
771,130 |
|
| Current assets |
| Debtors |
4 |
|
2 |
|
|
2 |
| Cash at bank and in hand |
|
|
1,513 |
|
|
1,703 |
|
|
|
1,515 |
|
|
1,705 |
|
| Creditors: amounts falling due within one year |
5 |
|
(248,142) |
|
|
(211,317) |
|
| Net current liabilities |
|
|
|
(246,627) |
|
|
(209,612) |
|
| Total assets less current liabilities |
|
|
|
555,732 |
|
|
561,518 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(547,750) |
|
|
(547,750) |
|
|
|
| Net assets |
|
|
|
7,982 |
|
|
13,768 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
7,980 |
|
|
13,766 |
|
| Shareholders' funds |
|
|
|
7,982 |
|
|
13,768 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| A Pennington |
| Director |
| Approved by the board on 18 June 2026 |
|
| Propeti Ltd |
| Notes to the Accounts |
| for the year ended 28 February 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable as rental income. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
0% |
|
Plant and machinery |
25% reducing balance |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 March 2025 |
766,491 |
|
10,667 |
|
777,158 |
|
Additions |
30,231 |
|
3,817 |
|
34,048 |
|
At 28 February 2026 |
796,722 |
|
14,484 |
|
811,206 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2025 |
- |
|
6,028 |
|
6,028 |
|
Charge for the year |
- |
|
2,819 |
|
2,819 |
|
At 28 February 2026 |
- |
|
8,847 |
|
8,847 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2026 |
796,722 |
|
5,637 |
|
802,359 |
|
At 28 February 2025 |
766,491 |
|
4,639 |
|
771,130 |
|
|
| 4 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Other debtors |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans and overdrafts |
6,522 |
|
- |
|
Trade creditors |
3,278 |
|
- |
|
Other creditors |
238,342 |
|
211,317 |
|
|
|
|
|
|
248,142 |
|
211,317 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans |
547,750 |
|
547,750 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Propeti Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
20-22 Wenlock Road |
|
London |
|
N1 7GU |