Proparity Limited - Accounts to registrar (filleted) - small 18.2
Proparity Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 July 2020 |
for |
PROPARITY LIMITED |
PROPARITY LIMITED (REGISTERED NUMBER: 03885395) |
Contents of the Financial Statements |
FOR THE YEAR ENDED 31 JULY 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
PROPARITY LIMITED |
Company Information |
FOR THE YEAR ENDED 31 JULY 2020 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Fairway House |
Links Business Park |
St Mellons |
Cardiff |
CF3 OLT |
PROPARITY LIMITED (REGISTERED NUMBER: 03885395) |
Balance Sheet |
31 JULY 2020 |
2020 | 2019 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
PROPARITY LIMITED (REGISTERED NUMBER: 03885395) |
Balance Sheet - continued |
31 JULY 2020 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
PROPARITY LIMITED (REGISTERED NUMBER: 03885395) |
Notes to the Financial Statements |
FOR THE YEAR ENDED 31 JULY 2020 |
1. | STATUTORY INFORMATION |
Proparity Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounts have been prepared on a going concern basis. This basis has been adopted based upon assurances given by the director that he will continue to support the company. |
Tangible fixed assets |
Freehold property | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2019 - NIL). |
PROPARITY LIMITED (REGISTERED NUMBER: 03885395) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 JULY 2020 |
4. | TANGIBLE FIXED ASSETS |
Improvements |
Freehold | to |
property | property | Totals |
£ | £ | £ |
COST |
At 1 August 2019 |
and 31 July 2020 |
NET BOOK VALUE |
At 31 July 2020 |
At 31 July 2019 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
Social security and other taxes |
Other creditors |
Directors' current accounts | 1,761 | - |
Accrued expenses |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2020 | 2019 |
£ | £ |
Other loans more 5yrs instal |
Amounts falling due in more than five years: |
Repayable by instalments |
Other loans more 5yrs instal | 1,247,065 | 1,318,882 |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
2020 | 2019 |
£ | £ |
Other loans |
PROPARITY LIMITED (REGISTERED NUMBER: 03885395) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 JULY 2020 |
8. | RELATED PARTY DISCLOSURES |
Mrs D. Urch is also a director of Urch Properties Ltd. |
Within other creditors is an amount owed to Urch Properties Limited for £384,024 (2019 - £373,491). |
9. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is Mr Philip Barton by virtue of owning all the equity in the company. |