Progeny Asset Management Limited in Leeds, LS1 4DL

Description

Data updated on: 01-11-2023

Progeny Asset Management Limited has existed in the United Kingdom for 9 years. Started with Registered No. 09415365 in 2015, the firm is based at 1a Tower Square, Leeds LS1 4DL. It is recognized under the name of Progeny Asset Management Limited. It should be noted that the company also operated as Altor Law up till the company name was replaced eight years ago. This enterprise's SIC code is 70221 meaning Financial management. Progeny Asset Management Ltd released its account information for the period up to 2021-12-31. The most recent confirmation statement was submitted on 2023-01-30.

Charlotte T., Ian H. and Neil M. are registered as the enterprise's directors and have been doing everything they can to make sure everything is working correctly since 2017.

The companies that control this firm are: The Progeny Group Limited owns over 3/4 of company shares and has 3/4 to full of voting rights. This business can be reached in Leeds at Tower Square, LS1 4DL and was registered as a PSC under the registration number 9276612.

Previous company's names
Progeny Asset Management Limited 2016-05-13
Altor Law Limited 2015-01-30

Financial data based on annual reports

Profit & Loss
Date of Accounts	2015-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31
Currency
Net Worth	501

Balance Sheet
Cash Bank On Hand		154 918	232 891	245 612	256 150
Current Assets		413 823	533 426	935 447	1 770 272
Debtors		258 905	300 535	689 835	1 514 122
Net Assets Liabilities			127 718	324 143	1 016 334
Other Debtors		74 201	1 260	23 021	759
Property Plant Equipment		3 848	1 807	2 515	4 746
Cash Bank In Hand	501
Net Assets Liabilities Including Pension Asset Liability	501

Capital & Reserves
Shareholder Funds	501

Other Financial Data
Accrued Liabilities Deferred Income		187 107	289 220	351 532	529 521
Accumulated Amortisation Impairment Intangible Assets		49 156	64 756	64 756	64 756
Accumulated Depreciation Impairment Property Plant Equipment		19 105	22 982	24 303	26 012
Additions Other Than Through Business Combinations Property Plant Equipment			1 836	2 029	3 940
Administration Support Average Number Employees			1	3	5
Administrative Expenses		631 647	881 745	1 251 809	1 941 042
Amortisation Expense Intangible Assets		21 692	15 600
Amortisation Rate Used For Intangible Assets				33	33
Amounts Owed By Directors			2 500	41 892
Amounts Owed By Group Undertakings		86 195	145 332	324 312	1 038 964
Amounts Owed To Group Undertakings					746
Applicable Tax Rate			19	19	19
Average Number Employees During Period		11	11	15	16
Capital Reduction Decrease In Equity		1 305 000
Comprehensive Income Expense			-150 047	196 425	837 191
Creditors		300 825	407 834	614 138	759 003
Depreciation Expense Property Plant Equipment		7 651	3 877	1 321	1 709
Depreciation Rate Used For Property Plant Equipment				33	33
Dividends Paid		178 963
Dividends Paid On Shares Final		178 963
Fixed Assets		19 767	2 126	2 834	5 065
Gross Profit Loss			731 342	1 450 612	2 777 856
Income Expense Recognised Directly In Equity					-145 000
Increase From Amortisation Charge For Year Intangible Assets			15 600
Increase From Depreciation Charge For Year Property Plant Equipment			3 877	1 321	1 709
Intangible Assets		15 919	319	319	319
Intangible Assets Gross Cost		65 075		65 075	65 075
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts				2 226
Interest Income On Bank Deposits		261	356
Interest Income On Cash Cash Equivalents			356	262	377
Interest Payable Similar Charges Finance Costs				2 640
Issue Equity Instruments		531 008
Net Current Assets Liabilities		112 998	125 592	321 309	1 011 269
Number Shares Issued Fully Paid			3 594	3 594	3 594
Operating Profit Loss		-272 745	-150 403	198 803	836 814
Other Creditors		1 627	3 463	5 616	7 207
Other Departments Average Number Employees			7	7
Other Finance Costs				414
Other Interest Receivable Similar Income Finance Income		261	356	262	377
Other Taxation Social Security Payable		9 625	57 723	130 053	137 026
Par Value Share	1			1	1
Pension Costs Defined Contribution Plan			18 248	41 726	66 024
Pension Other Post-employment Benefit Costs Other Pension Costs		16 570	18 248	41 726	66 024
Prepayments Accrued Income		98 509	149 115	300 610	474 440
Profit Loss		-272 484	-150 047	196 425	837 191
Profit Loss On Ordinary Activities Before Tax		-272 484	-150 047	196 425	837 191
Property Plant Equipment Gross Cost		22 953	24 789	26 818	30 758
Revenue From Rendering Services			731 342	1 450 612	2 777 856
Selling Average Number Employees				7	7
Social Security Costs		26 773	30 579	46 999	59 057
Staff Costs Employee Benefits Expense		285 478	360 993	514 811	659 164
Tax Decrease From Utilisation Tax Losses		-50 938	-27 715	37 574	159 110
Tax Expense Credit Applicable Tax Rate		-51 772	-28 509	37 321	159 066
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss		834	794	253	44
Total Assets Less Current Liabilities		132 765	127 718	324 143	1 016 334
Trade Creditors Trade Payables		102 466	57 428	126 937	84 503
Trade Debtors Trade Receivables			2 328		-41
Turnover Revenue		358 902	731 342	1 450 612	2 777 856
Wages Salaries		242 135	312 166	426 086	534 083
Company Contributions To Defined Benefit Plans Directors		5 463
Company Contributions To Money Purchase Plans Directors				5 960	13 565
Director Remuneration		81 333	120 777	125 000	143 000
Director Remuneration Benefits Excluding Payments To Third Parties			120 777	130 960	156 565
Director Remuneration Benefits Including Payments To Third Parties		86 796	120 777
Number Shares Allotted	501
Share Capital Allotted Called Up Paid	501