Company Registration No. 05081209 (England and Wales)
PropertyEast Limited
Unaudited accounts
for the year ended 28 March 2025
PropertyEast Limited
Unaudited accounts
Contents
PropertyEast Limited
Company Information
for the year ended 28 March 2025
Director
Hans DAUGAARD-HANSEN
Company Number
05081209 (England and Wales)
Registered Office
WINDSOR HOUSE
2 YARMOUTH ROAD
NORWICH
NR7 0EB
ENGLAND
PropertyEast Limited
Statement of financial position
as at 28 March 2025
Tangible assets
2,691,764
2,706,606
Cash at bank and in hand
91,372
122,782
Creditors: amounts falling due within one year
(29,222)
(190,381)
Net current assets
598,389
839,988
Total assets less current liabilities
3,315,445
3,572,011
Creditors: amounts falling due after more than one year
(1,322,511)
(1,334,365)
Provisions for liabilities
Deferred tax
(17,436)
(20,256)
Net assets
1,975,498
2,217,390
Called up share capital
1,031,000
1,031,000
Revaluation reserve
712,666
712,666
Profit and loss account
231,832
473,724
Shareholders' funds
1,975,498
2,217,390
For the year ending 28 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 director acknowledges his 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 18 June 2025 and were signed on its behalf by
Hans DAUGAARD-HANSEN
Director
Company Registration No. 05081209
PropertyEast Limited
Notes to the Accounts
for the year ended 28 March 2025
PropertyEast Limited is a private company, limited by shares, registered in England and Wales, registration number 05081209. The registered office is WINDSOR HOUSE, 2 YARMOUTH ROAD, NORWICH, NR7 0EB, 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:
Fixtures & fittings
25% RBM
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
PropertyEast Limited
Notes to the Accounts
for the year ended 28 March 2025
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 29 March 2024
2,600,000
165,082
9,617
2,774,699
At 28 March 2025
2,600,000
165,082
17,117
2,782,199
At 29 March 2024
-
63,231
4,862
68,093
Charge for the year
-
20,371
1,971
22,342
At 28 March 2025
-
83,602
6,833
90,435
At 28 March 2025
2,600,000
81,480
10,284
2,691,764
At 28 March 2024
2,600,000
101,851
4,755
2,706,606
6
Investments
Other investments
Valuation at 29 March 2024
25,000
Valuation at 28 March 2025
25,000
Amounts falling due within one year
Amounts due from group undertakings etc.
497,408
872,949
Other debtors
22,167
22,168
8
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
8,265
151,747
Obligations under finance leases and hire purchase contracts
17,837
17,837
Trade creditors
3,120
20,837
9
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
1,281,615
1,276,647
Obligations under finance leases and hire purchase contracts
40,896
57,718
PropertyEast Limited
Notes to the Accounts
for the year ended 28 March 2025
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).