Company Registration No. 01580965 (England and Wales)
Proudlord Limited
Unaudited accounts
for the year ended 31 March 2025
Proudlord Limited
Unaudited accounts
Contents
Proudlord Limited
Company Information
for the year ended 31 March 2025
Directors
A J Alexander
B A Alexander
C Alexander
P J Alexander
S M Alexander
A Kemp
Company Number
01580965 (England and Wales)
Registered Office
12 Brookdale
London
N11 1BL
United Kingdom
Accountants
'Evolve Accounting and Tax Solutions Ltd'
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
Proudlord Limited
Statement of financial position
as at 31 March 2025
Tangible assets
7,460
7,853
Investment property
750,308
750,308
Cash at bank and in hand
37,312
33,560
Creditors: amounts falling due within one year
(844,079)
(966,151)
Net current liabilities
(806,767)
(852,591)
Net liabilities
(48,999)
(94,430)
Called up share capital
10,000
10,000
Revaluation reserve
335,599
335,599
Profit and loss account
(394,598)
(440,029)
Shareholders' funds
(48,999)
(94,430)
For the year ending 31 March 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 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 of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by
C Alexander
Director
Company Registration No. 01580965
Proudlord Limited
Notes to the Accounts
for the year ended 31 March 2025
Proudlord Limited is a private company, limited by shares, registered in England and Wales, registration number 01580965. The registered office is 12 Brookdale, London, N11 1BL, United Kingdom.
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.
4
Tangible fixed assets
Plant & machinery
Fair value at 1 April 2024
750,308
Proudlord Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Accrued income and prepayments
-
80,000
7
Creditors: amounts falling due within one year
2025
2024
Amounts owed to group undertakings and other participating interests
816,495
909,355
Taxes and social security
4,648
3,691
Loans from directors
150
50,585
8
Transactions with related parties
At the balance sheet date, an amount of £816,494 (2024: £889,353 ) was owed to the parent company Alexander Family Holdings Ltd. This amount is unsecured, interest free and repayable on demand, with 12 months notice.
At the balance sheet date, an amount of £150 (2024: £50,585) was owed to the director, C Alexander. This amount is unsecured, interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 5 (2024: 5).