IRIS Accounts Production v23.2.0.158 10080208 director 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh100802082022-03-31100802082023-03-31100802082022-04-012023-03-31100802082021-03-31100802082021-04-012022-03-31100802082022-03-3110080208ns10:Originalns15:EnglandWales2022-04-012023-03-3110080208ns14:PoundSterlingns10:Original2022-04-012023-03-3110080208ns10:Originalns10:Director12022-04-012023-03-3110080208ns10:Original2022-04-012023-03-3110080208ns10:Original2023-03-3110080208ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3110080208ns10:Originalns10:SmallEntities2022-04-012023-03-3110080208ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3110080208ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3110080208ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3110080208ns10:Originalns10:FullAccounts2022-04-012023-03-3110080208ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3110080208ns10:Originalns10:RegisteredOffice2022-04-012023-03-3110080208ns10:Original2022-03-3110080208ns10:Originalns5:CurrentFinancialInstruments2023-03-3110080208ns10:Originalns5:CurrentFinancialInstruments2022-03-3110080208ns5:ShareCapitalns10:Original2023-03-3110080208ns5:ShareCapitalns10:Original2022-03-3110080208ns10:Originalns5:RevaluationReserve2023-03-3110080208ns10:Originalns5:RevaluationReserve2022-03-3110080208ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3110080208ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3110080208ns10:Originalns5:PlantMachinery2022-04-012023-03-3110080208ns10:Original2021-04-012022-03-3110080208ns10:Originalns5:PlantMachinery2022-03-3110080208ns10:Originalns5:PlantMachinery2023-03-3110080208ns10:Originalns5:PlantMachinery2022-03-3110080208ns10:Original2022-03-3110080208ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3110080208ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3110080208ns10:Originalns10:OrdinaryShareClass12023-03-3110080208ns10:Originalns5:RevaluationReserve2022-03-31
REGISTERED NUMBER: 10080208 (England and Wales)















PREPOROD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






PREPOROD LIMITED (REGISTERED NUMBER: 10080208)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


PREPOROD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Ms H L Sharpe





REGISTERED OFFICE: 14 London Road
Newark
Nottinghamshire
NG24 1TW





REGISTERED NUMBER: 10080208 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Holdings Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

PREPOROD LIMITED (REGISTERED NUMBER: 10080208)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 111 139
Investment property 5 1,045,000 1,045,000
1,045,111 1,045,139

CURRENT ASSETS
Debtors 6 855 820
Cash at bank 28,349 31,719
29,204 32,539
CREDITORS
Amounts falling due within one year 7 799,560 825,755
NET CURRENT LIABILITIES (770,356 ) (793,216 )
TOTAL ASSETS LESS CURRENT LIABILITIES 274,755 251,923

PROVISIONS FOR LIABILITIES 35,021 35,027
NET ASSETS 239,734 216,896

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 156,158 156,158
Retained earnings 83,476 60,638
SHAREHOLDERS' FUNDS 239,734 216,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 22 September 2023 and were signed by:





Ms H L Sharpe - Director


PREPOROD LIMITED (REGISTERED NUMBER: 10080208)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Preporod 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue
Revenue represents rents payable to the company.

Property plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.


PREPOROD LIMITED (REGISTERED NUMBER: 10080208)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 534
DEPRECIATION
At 1 April 2022 395
Charge for year 28
At 31 March 2023 423
NET BOOK VALUE
At 31 March 2023 111
At 31 March 2022 139

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,045,000
NET BOOK VALUE
At 31 March 2023 1,045,000
At 31 March 2022 1,045,000

PREPOROD LIMITED (REGISTERED NUMBER: 10080208)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2019 321,819
Valuation in 2020 (61,304 )
Valuation in 2021 53,517
Valuation in 2022 (122,874 )
Cost 853,842
1,045,000

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 853,842 853,842

Investment properties was valued on an open market value basis on 31 March 2023 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 547 536
Other debtors 308 284
855 820

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 5,831 5,906
Other creditors 793,729 819,849
799,560 825,755

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 156,158