PROPT_LIMITED - Accounts

PROPT LTD - Company Information

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Company Registration No. 08697602 (England and Wales)

PROPT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2014

PROPT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PROPT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2014

- 1 -

2014

Notes

Fixed assets

Tangible assets

20,853

Current assets

Debtors

45,221

Cash at bank and in hand

15,917

61,138

Creditors: amounts falling due within one year

(81,891)

Net current liabilities

(20,753)

Total assets less current liabilities

100

Capital and reserves

Called up share capital

76,938

Profit and loss account

(76,838)

Shareholders' funds

100

For the financial Period ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 16 September 2015

Mr M Andrews

Director

Company Registration No. 08697602

PROPT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for the provision of letting accommodation.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% Reducing balance

Fixtures, fittings & equipment

25% Reducing balance

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 19 September 2013

Additions

24,047

At 30 September 2014

24,047

Depreciation

At 19 September 2013

Charge for the period

3,194

At 30 September 2014

3,194

Net book value

At 30 September 2014

20,853

PROPT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 SEPTEMBER 2014

- 3 -

Share capital

2014

Allotted, called up and fully paid

76,938 Ordinary shares of £1 each

76,938