Proptrust Limited Filleted accounts for Companies House (small and micro)
Proptrust Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
03914102
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Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Investments |
6 |
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Current assets
Debtors |
7 |
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Investments |
8 |
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Cash at bank and in hand |
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--------- |
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Creditors: amounts falling due within one year |
9 |
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--------- |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
10 |
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Provisions
Taxation including deferred tax |
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Net assets |
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Capital and reserves
Called up share capital |
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Fair value reserve |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' 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
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
2 March 2022
, and are signed on behalf of the board by:
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Director |
Company registration number:
03914102
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Notes to the Financial Statements |
Year ended 31 December 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Queens Road, Brentwood, Essex, CM14 4HE.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Taxation
Tangible assets
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:
Fixtures and fittings |
- |
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Motor vehicles |
- |
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Investment property
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
Provisions
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2019:
2
).
5.
Tangible assets
Freehold Investment Properties |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 January 2020 |
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– |
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Additions |
– |
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-------- |
------- |
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At 31 December 2020 |
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------- |
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Depreciation |
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At 1 January 2020 |
– |
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– |
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Charge for the year |
– |
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------------ |
-------- |
------- |
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At 31 December 2020 |
– |
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------- |
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Carrying amount |
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At 31 December 2020 |
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------------ |
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------- |
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At 31 December 2019 |
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– |
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6.
Investments
Other investments other than loans |
Other loans |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 January 2020 |
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– |
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Additions |
– |
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At 31 December 2020 |
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Impairment |
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At 1 January 2020 and 31 December 2020 |
– |
– |
– |
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Carrying amount |
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At 31 December 2020 |
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At 31 December 2019 |
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– |
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7.
Debtors
2020 |
2019 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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------------ |
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8.
Investments
2020 |
2019 |
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£ |
£ |
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Other investments |
5,000 |
5,000 |
------- |
------- |
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9.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Pension loan |
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Other creditors |
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10.
Creditors:
amounts falling due after more than one year
2020 |
2019 |
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£ |
£ |
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Mortgage loans |
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Pension loan |
94,023
|
121,362
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Other creditors |
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– |
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The mortgage loans are secured on the investment properties to which they relate.
Included within creditors: amounts falling due after more than one year is an amount of £1,846,995 (2019: £1,846,945) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.
11.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2020 |
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Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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– |
– |
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2019 |
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Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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– |
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(
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The director
J Lees
has provided personal security in respect of the Pension loan liability of £121,362(2019 £152,484).