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REGISTERED NUMBER: 01302320 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

PROGRAM PRODUCTS LIMITED

PROGRAM PRODUCTS LIMITED (Registered number: 01302320)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

PROGRAM PRODUCTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2021







DIRECTORS: Mr J R Harris
Mrs M S Harris





SECRETARY: Mr J R Harris





REGISTERED OFFICE: Units SCF 1 & 2, South Core,
Western Intl Market,
Hayes Road
Southall
Middlesex
UB2 5XJ





REGISTERED NUMBER: 01302320 (England and Wales)





ACCOUNTANTS: Cooper Dawn Jerrom Limited
Chartered Accountants
Units SCF 1 & 2
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ

PROGRAM PRODUCTS LIMITED (Registered number: 01302320)

BALANCE SHEET
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Investments 4 5,723 5,577

CURRENT ASSETS
Cash at bank 100,870 100,968

CREDITORS
Amounts falling due within one year 5 375,103 374,194
NET CURRENT LIABILITIES (274,233 ) (273,226 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(268,510

)

(267,649

)

CREDITORS
Amounts falling due after more than one
year

6

1,514,876

1,514,876
NET LIABILITIES (1,783,386 ) (1,782,525 )

CAPITAL AND RESERVES
Called up share capital 3,150,000 3,150,000
Retained earnings (4,933,386 ) (4,932,525 )
SHAREHOLDERS' FUNDS (1,783,386 ) (1,782,525 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

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 9 September 2022 and were signed on its behalf by:



Mr J R Harris - Director


PROGRAM PRODUCTS LIMITED (Registered number: 01302320)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

PROGRAM PRODUCTS LIMITED 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.

Going concern
The solvency of the company is dependent on the continued availability of funds by way of loans amounting at 31st December 2021 to £1,525,876 which are owed to directors. They have given their assurance that they have no current intention to seek repayment of the loans outstanding to them if by so doing the company would have to cease trading. On the strength of this assurance the accounts have been prepared on a going concern basis. The amount due carries no interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2021 5,577
Additions 168
Disposals (22 )
At 31 December 2021 5,723
NET BOOK VALUE
At 31 December 2021 5,723
At 31 December 2020 5,577

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Amounts owed to group undertakings 363,194 362,284
Directors' current accounts 11,000 11,000
Accrued expenses 909 910
375,103 374,194

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Loan from directors 1,514,876 1,514,876

The loans are interest free and carry no fixed repayment terms. See Note (2).

PROGRAM PRODUCTS LIMITED (Registered number: 01302320)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2021

7. ULTIMATE PARENT COMPANY

The Ultimate Holding Company is Prolog Management Limited, a company incorporated in England.

8. RELATED PARTY DISCLOSURES

There were no transactions needing disclosure in accordance with the Financial Reporting Standard 102 Section 1A.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J.R.Harris by virtue of his shareholding in the holding company.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PROGRAM PRODUCTS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PROGRAM PRODUCTS LIMITED for the year ended 31 December 2021 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of PROGRAM PRODUCTS LIMITED, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PROGRAM PRODUCTS LIMITED and state those matters that we have agreed to state to the Board of Directors of PROGRAM PRODUCTS LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PROGRAM PRODUCTS LIMITED and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PROGRAM PRODUCTS LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of PROGRAM PRODUCTS LIMITED. You consider that PROGRAM PRODUCTS LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PROGRAM PRODUCTS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Dawn Jerrom Limited
Chartered Accountants
Units SCF 1 & 2
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ


9 September 2022