Propnology Limited 09128026 false true 2014-07-14 2015-12-31 2015-12-31 09128026 2014-07-14 2015-12-31 09128026 2015-12-31 09128026 uk-bus:OrdinaryShareClass1 2015-12-31 09128026 uk-bus:Director1 2014-07-14 2015-12-31 09128026 uk-bus:Director2 2014-07-14 2015-12-31 09128026 uk-bus:OrdinaryShareClass1 2014-07-14 2015-12-31 09128026 uk-bus:EntityAccountantsOrAuditors 2014-07-14 2015-12-31 09128026 uk-gaap:OfficeEquipment 2014-07-14 2015-12-31 09128026 2014-07-13 iso4217:GBP xbrli:shares

Registration number: 09128026

Propnology Limited

Unaudited Abbreviated Accounts

for the Period from 14 July 2014 to 31 December 2015

 

Lambert Chapman LLP
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Propnology Limited
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

 

Registration number: 09128026

Propnology Limited
Balance Sheet as at 31 December 2015

 

Note

   

31 December 2015
£

 

Fixed assets

 

   

 

Intangible fixed assets

 

   

55,158

 

Tangible fixed assets

 

2

   

4,499

 

 

   

59,657

 

Current assets

 

   

 

Debtors

 

   

12,819

 

Cash at bank and in hand

 

   

208

 

 

   

13,027

 

Creditors: Amounts falling due within one year

 

   

(26,076)

 

Net current liabilities

 

   

(13,049)

 

Total assets less current liabilities

 

   

46,608

 

Creditors: Amounts falling due after more than one year

 

   

(25,000)

 

Net assets

 

   

21,608

 

Capital and reserves

 

   

 

Called up share capital

 

3

   

35,000

 

Profit and loss account

 

   

(13,392)

 

Shareholders' funds

 

   

21,608

 

For the period ending 31 December 2015 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the Board on 1 March 2016 and signed on its behalf by:


O Angel
Director


P Lamm
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

 

Propnology Limited
Notes to the Abbreviated Accounts for the Period from 14 July 2014 to 31 December 2015
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Intangible Assets

Website development costs - This comprises of capitalised costs incurred in the development of the company website. The anticipated useful life of the costs capitalised is five years from the date of final development (31st December 2015).

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Office equipment

25% Straight Line

2

Fixed assets

   

Intangible assets
£

   

Tangible assets
£

   

Total
£

 

Cost

                 

Additions

 

55,158

   

6,465

   

61,623

 

At 31 December 2015

 

55,158

   

6,465

   

61,623

 

Depreciation

                 

Charge for the period

 

-

   

1,966

   

1,966

 

At 31 December 2015

 

-

   

1,966

   

1,966

 

Net book value

                 

At 31 December 2015

 

55,158

   

4,499

   

59,657

 

3

Share capital

Allotted, called up and fully paid shares

 

31 December 2015

   

No.

   

£

 

Ordinary shares of £1 each

 

35,000

   

35,000

 
             

New shares allotted

During the period 35,000 Ordinary shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £35,000 .