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REGISTERED NUMBER: 12014503 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022

FOR

PREROLLA INVESTMENTS LTD

PREROLLA INVESTMENTS LTD (REGISTERED NUMBER: 12014503)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREROLLA INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2022







DIRECTORS: E Gladwin
V Siennicki





REGISTERED OFFICE: 258, Ferrari House Field End Road
Eastcote
Ruislip
United Kingdom
HA4 9UU





REGISTERED NUMBER: 12014503 (England and Wales)





ACCOUNTANTS: Diverset Limited
Chartered Accountants
Ferrari House
258 Field End Road
Ruislip
Middlesex
HA4 9UU

PREROLLA INVESTMENTS LTD (REGISTERED NUMBER: 12014503)

BALANCE SHEET
31 MAY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 776,354 763,489

CURRENT ASSETS
Debtors 5 408,435 1,023
Cash at bank and in hand 1,239 1,017
409,674 2,040
CREDITORS
Amounts falling due within one year 6 431,260 503,738
NET CURRENT LIABILITIES (21,586 ) (501,698 )
TOTAL ASSETS LESS CURRENT LIABILITIES 754,768 261,791

CREDITORS
Amounts falling due after more than one
year

7

784,418

270,350
NET LIABILITIES (29,650 ) (8,559 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (29,750 ) (8,659 )
SHAREHOLDERS' FUNDS (29,650 ) (8,559 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PREROLLA INVESTMENTS LTD (REGISTERED NUMBER: 12014503)

BALANCE SHEET - continued
31 MAY 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2022 and were signed on its behalf by:





E Gladwin - Director


PREROLLA INVESTMENTS LTD (REGISTERED NUMBER: 12014503)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022


1. STATUTORY INFORMATION

Prerolla Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors have concluded that the company is and remains a going concern based on assets value, rental income and debt serviceability, and support from Prerolla Ltd, under common control.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

PREROLLA INVESTMENTS LTD (REGISTERED NUMBER: 12014503)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2022


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2021 763,489
Additions 12,865
At 31 May 2022 776,354
NET BOOK VALUE
At 31 May 2022 776,354
At 31 May 2021 763,489

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 408,435 1,023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 189 -
Other creditors 431,071 503,738
431,260 503,738

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 584,418 270,350
Other creditors 200,000 -
784,418 270,350

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 584,418 270,350

PREROLLA INVESTMENTS LTD (REGISTERED NUMBER: 12014503)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2022


8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 584,418 270,350

The mortgage loans are on an interest only basis and are secured on the investment property.

9. RELATED PARTY DISCLOSURES

At the year end, the company owed Prerolla Ltd, a company under common control £413,371 (2021: £490,926).

The company received a loan of £200,000 (2021 : NIL) in the year from Mr Gladwin's parents, with no interest or repayment specified.

At the year end, the company owed E Gladwin, a Director £300 (2021: £312).