Proptek Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07231878

Proptek Limited

Filleted Unaudited Financial Statements

31 December 2025

Proptek Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		2,268	2,850

Current assets

Cash at bank and in hand	12,013		13,831

Creditors: amounts falling due within one year	6	4,092,039		4,092,489
		------------		------------
Net current liabilities			4,080,026	4,078,658
			------------	------------
Total assets less current liabilities			( 4,077,758)	( 4,075,808)
			------------	------------
Net liabilities			( 4,077,758)	( 4,075,808)
			------------	------------

Capital and reserves

Called up share capital	7	6,131	6,131
Share premium account		2,221,547	2,221,547
Profit and loss account		( 6,305,436)	( 6,303,486)
		------------	------------
Shareholders deficit		( 4,077,758)	( 4,075,808)
		------------	------------

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 income and retained earnings has not been delivered.

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 .

These financial statements were approved by the board of directors and authorised for issue on 3 October 2026 , and are signed on behalf of the board by:

A D Quirk
Director

Company registration number: 07231878

Proptek Limited

Notes to the Financial Statements

Year ended 31 December 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 Beaulieu Estates, Offices 5 and 5A, 17-19 Richmond Road, Chelmsford, Essex, CM2 6UA.

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.

Going concern

The financial statements have been prepared on a going concern basis which is dependent upon the continued support of the company's shareholders. The shareholders have indicated their willingness to support the company in the foreseeable future by ensuring sufficient funds are available for the company to continue trading. Therefore the directors consider the going concern basis is appropriate.

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.

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:

	Equipment	-	25% reducing balance

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Equipment
	£
Cost
At 1 January 2025 and 31 December 2025	20,522
	--------
Depreciation
At 1 January 2025	17,672
Charge for the year	582
	--------
At 31 December 2025	18,254
	--------
Carrying amount
At 31 December 2025	2,268
	--------
At 31 December 2024	2,850
	--------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	750	1,200
Other creditors	4,091,289	4,091,289
	------------	------------
	4,092,039	4,092,489
	------------	------------

7. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary A shares of £ 1 each	5,964	5,964	5,964	5,964
Ordinary B shares of £ 1 each	167	167	167	167
	-------	-------	-------	-------
	6,131	6,131	6,131	6,131
	-------	-------	-------	-------

8. Related party transactions

At the year end the company owed related parties £ 4,091,289 (2024: £ 4,091,289 ).