2022-01-01 11731726 2022-12-31 11731726 2022-01-01 2022-12-31 11731726 2021-12-31 11731726 2021-01-01 2021-12-31 11731726 uk-core:WithinOneYear 2021-12-31 11731726 uk-core:WithinOneYear 2022-12-31 11731726 uk-core:ShareCapital 2022-12-31 11731726 uk-core:ShareCapital 2021-12-31 11731726 uk-core:InvestmentPropertiesRevaluationReserve 2022-12-31 11731726 uk-core:InvestmentPropertiesRevaluationReserve 2021-12-31 11731726 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 11731726 uk-core:RetainedEarningsAccumulatedLosses 2021-12-31 11731726 uk-bus:Director1 2022-01-01 2022-12-31 11731726 uk-core:CostValuation 2021-12-31 11731726 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2021-12-31 11731726 uk-core:AdditionsToInvestments 2022-12-31 11731726 uk-core:AdditionsToInvestments uk-core:Non-currentFinancialInstruments 2022-12-31 11731726 uk-core:RevaluationsIncreaseDecreaseInInvestments 2022-12-31 11731726 uk-core:RevaluationsIncreaseDecreaseInInvestments uk-core:Non-currentFinancialInstruments 2022-12-31 11731726 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2022-12-31 11731726 uk-core:CostValuation 2022-12-31 11731726 uk-core:Non-currentFinancialInstruments 2022-12-31 11731726 uk-core:Non-currentFinancialInstruments 2021-12-31 11731726 2 uk-bus:Director1 2022-01-01 2022-12-31 11731726 2 uk-bus:Director1 2021-12-31 11731726 2 uk-bus:Director1 2022-12-31 11731726 uk-core:MoreThanFiveYears 2022-12-31 11731726 uk-core:MoreThanFiveYears 2021-12-31 iso4217:GBP xbrli:pure 11731726 uk-bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 11731726 uk-bus:FRS102 2022-01-01 2022-12-31 11731726 uk-bus:FullAccounts 2022-01-01 2022-12-31 11731726 uk-bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31
Prewco Limited
Registered Number:11731726
For the year ended 31 December 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2022
Prewco Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
11731726
As at 31 December 2022
Prewco Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
2
94,777
235,223
Investment property
Financial assets
8,850
41,387
3
136,164
244,073
Current assets
Trade and other receivables
7,361
520
4
369
Cash and cash equivalents
507
1,027
7,730
Trade and other payables: amounts falling due within one
year
(240,855)
(173,532)
5
(233,125)
(172,505)
Net current liabilities
Total assets less current liabilities
(36,341)
10,948
(36,341)
Net assets/liabilities
10,948
Capital and reserves
Called up share capital
200
200
Fair value reserve
2,001
(711)
Retained earnings
(38,542)
11,459
(36,341)
10,948
Shareholders' funds
For the year ended 31 December 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
D Prew Director
These financial statements were approved and authorised for issue by the Board on 05 October 2023 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 December 2022
Prewco Limited
Notes to the Financial Statements
Statutory Information
Prewco Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
11731726.
Registered address:
Unit I, Encon Court
Owl Close
Northampton
Northamptonshire
NN3 6HZ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain fixed assets.
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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Financial Instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the
contractual provisions of the instrument.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction
price.
Basic financial liabilities
Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing
transaction, where the debt instrument is measured at the present value of the future payments discounted at a
market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Equity Instruments
Equity Instruments issued by the company are recorded at the proceeds received. Dividends payable on equity
instruments are recognised once they are no longer at the discretion of the company.
2 of 4
5
For the year ended 31 December 2022
Prewco Limited
Notes to the Financial Statements Continued
2. Investment property
Total
£
Fair value
At 01 January 2022
235,223
Additions
1,118
Disposals
(141,564)
At 31 December 2022
94,777
Net book value
At 31 December 2022
94,777
At 31 December 2021
235,223
The investment property has been valued at the balance sheet date by the director of the company at a fair value.
3. Investments held as fixed assets
Other investments
Shares in group
and
participating
interests
Total
At 01 January 2022
8,850
8,750
100
Cost
£
£
£
29,824
29,824
-
Additions
2,713
2,713
-
Revaluations
At 31 December 2022
100
41,287
41,387
At 31 December 2022
Net book value
100
41,287
41,387
At 01 January 2022
8,850
100
8,750
The investment is valued using values at a market price in an active market.
4. Trade and other receivables
2021
2022
£
£
Prepayments and accrued income
40
883
Amounts owed by directors
-
2,114
Other debtors
480
4,364
7,361
520
3 of 4
6
For the year ended 31 December 2022
Prewco Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
149,821
236,430
Taxation and social security
1,526
2,564
Accruals and deferred income
1,436
1,861
Directors' loan accounts
20,749
-
173,532
240,855
6. Directors advances and guarantees
Loaned
Repaid
Interest
At 01/01/2022
At 31/12/2022
£
£
£
£
£
D Prew
DIRECTORS CURRENT ACCOUNT
2,114
-
4,700
6,860
46
2,114
-
4,700
6,860
46
The director's loan account was unsecured and repayable on demand. Interest was paid at the rate of 2.00%.
7. Guarantees and other financial commitments
Lease commitments
At 31 December 2022 the company had annual commitments under non-cancellable operating leases as set out
below:
2021
£
2022
£
Operating leases which expire:
After more than 5 years
455
745
455
745
8. Average number of persons employed
During the year the average number of employees was 1 (2021 : 1)
4 of 4