Company Registration No. 05081209 (England and Wales)
PropertyEast Limited
Unaudited accounts
for the year ended 28 March 2023
PropertyEast Limited
Unaudited accounts
Contents
PropertyEast Limited
Company Information
for the year ended 28 March 2023
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 2023
Tangible assets
2,020,182
1,906,431
Investments
138,600
25,000
Cash at bank and in hand
1,517
101,641
Creditors: amounts falling due within one year
(77,403)
(67,710)
Net current assets
915,363
162,346
Total assets less current liabilities
3,074,145
2,093,777
Creditors: amounts falling due after more than one year
(1,336,266)
(1,252,699)
Provisions for liabilities
Net assets
1,724,876
841,078
Called up share capital
1,031,000
1,031,000
Profit and loss account
693,876
(189,922)
Shareholders' funds
1,724,876
841,078
For the year ending 28 March 2023 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 27 May 2023 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 2023
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
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 29 March 2022
1,887,334
24,500
2,251
1,914,085
Additions
-
140,582
6,658
147,240
At 28 March 2023
1,887,334
165,082
8,909
2,061,325
At 29 March 2022
-
5,940
1,714
7,654
Charge for the year
-
31,828
1,661
33,489
At 28 March 2023
-
37,768
3,375
41,143
At 28 March 2023
1,887,334
127,314
5,534
2,020,182
At 28 March 2022
1,887,334
18,560
537
1,906,431
PropertyEast Limited
Notes to the Accounts
for the year ended 28 March 2023
5
Investments
Other investments
Valuation at 29 March 2022
25,000
Valuation at 28 March 2023
138,600
Amounts falling due within one year
Amounts due from group undertakings etc.
959,459
120,254
Deferred tax asset
-
1,590
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,226
52,152
Trade creditors
27,348
11,595
Taxes and social security
(4,742)
(1,431)
Other creditors
46,571
5,394
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
92,667
-
Other creditors
1,242,581
-
Loans from directors
1,018
-
9
Average number of employees
During the year the average number of employees was 2 (2022: 0).
