Propco Spv1 Ltd
Propco Spv1 Ltd
Registered number: 14133356
Unaudited Financial Statements
For The Year Ended
31 May 2023
Propco Spv1 Ltd
Unaudited Financial Statements
For The Year Ended
31 May 2023
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1 |
| Notes to the Financial Statements | 2 |
Page 1
Propco Spv1 Ltd
Balance Sheet
As At
31 May 2023
Balance Sheet
Registered number:
14133356
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
| 2023 | |||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Investment Properties | 4 |
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| CURRENT ASSETS | |||
| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
||
| NET LIABILITIES |
( |
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| CAPITAL AND RESERVES | |||
| Called up share capital | 6 |
|
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| Profit and Loss Account |
( |
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| SHAREHOLDERS' FUNDS | (26,556) | ||
On behalf of the board
|
Director
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The notes on page 2 form part of these financial statements.
Page 1
Page 2
Propco Spv1 Ltd
Notes to the Financial Statements
For The Year Ended
31 May 2023
Notes to the Financial Statements
1.
General Information
Propco Spv1 Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
14133356
. The registered office is 26, Theydon Road, London, E5 9NA.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: NIL
4.
Investment Property
| 2023 | |
|---|---|
| £ | |
| Fair Value | |
| As at
|
|
| Additions |
|
| As at
|
|
5.
Creditors: Amounts Falling Due Within One Year
| 2023 | |
|---|---|
| £ | |
| Other creditors |
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|
|
6.
Share Capital
| 2023 | |
|---|---|
| £ | |
| Allotted, Called up and fully paid |
|
Page 2