Company Registration No. 05081209 (England and Wales)
PropertyEast Limited
Unaudited accounts
for the period from 1 April 2021 to 28 March 2022
PropertyEast Limited
Statement of financial position
as at 28 March 2022
Tangible assets
1,906,431
2,606,608
Cash at bank and in hand
101,641
4,859
Creditors: amounts falling due within one year
(67,710)
(154,673)
Net current assets
162,346
475,487
Total assets less current liabilities
2,093,777
3,107,095
Creditors: amounts falling due after more than one year
(1,252,699)
(1,408,454)
Net assets
841,078
1,698,641
Called up share capital
1,031,000
1,031,000
Revaluation reserve
-
376,867
Profit and loss account
(189,922)
290,774
Shareholders' funds
841,078
1,698,641
For the period ending 28 March 2022 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 24 October 2022 and were signed on its behalf by
Hans DAUGAARD-HANSEN
Director
Company Registration No. 05081209
PropertyEast Limited
Notes to the Accounts
for the period from 1 April 2021 to 28 March 2022
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 period, 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:
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2021
2,607,182
16,500
1,920
2,625,602
Additions
(165,771)
8,000
331
(157,440)
Revaluations
(554,077)
-
-
(554,077)
At 28 March 2022
1,887,334
24,500
2,251
1,914,085
At 1 April 2021
14,050
3,300
1,644
18,994
Charge for the period
(14,050)
2,640
70
(11,340)
At 28 March 2022
-
5,940
1,714
7,654
At 28 March 2022
1,887,334
18,560
537
1,906,431
At 31 March 2021
2,593,132
13,200
276
2,606,608
5
Investments
Other investments
Valuation at 1 April 2021
25,000
Valuation at 28 March 2022
25,000
PropertyEast Limited
Notes to the Accounts
for the period from 1 April 2021 to 28 March 2022
Amounts falling due within one year
Amounts due from group undertakings etc.
120,254
618,147
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
52,152
91,432
Trade creditors
11,595
2,679
Taxes and social security
(1,431)
19,431
Other creditors
5,394
41,131
8
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
1,252,699
1,408,454
9
Average number of employees
During the period the average number of employees was 0 (2021: 0).
