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Registration number: 6479100

PRN Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

PRN Holdings Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

PRN Holdings Limited

(Registration number: 6479100)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

3

4

Current assets

 

Debtors

5

35,186

2

Cash at bank and in hand

 

27

9

 

35,213

11

Net assets

 

35,216

15

Capital and reserves

 

Called up share capital

6

3

3

Retained earnings

35,213

12

Shareholders' funds

 

35,216

15

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 November 2023 and signed on its behalf by:
 

.........................................
Mr M D Read
Director

 

PRN Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Suite 2 Healey House
Dene Road
Andover
Hampshire
SP10 2AA

These financial statements were authorised for issue by the Board on 1 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts..

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

PRN Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Investments

2023
£

2022
£

Investments in subsidiaries

3

4

Subsidiaries

£

Cost or valuation

At 1 March 2022

4

Disposals

(1)

At 28 February 2023

3

Provision

Carrying amount

At 28 February 2023

3

At 28 February 2022

4

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Eaglecrown Associates Limited

Suite 2, Healey House, Dene Road, Andover, Hampshire, SP10 2AA

Ordinary

100%

100%

PRN Clinical Services Limited

Suite 2, Healey House, Dene Road, Andover, Hampshire, SP10 2AA

Ordinary

0%

100%

PRN Clinical Services Limited was dissolved on 13th December 2022

5

Debtors

Note

2023
£

2022
£

Amounts owed by related parties

35,184

-

Other debtors

 

2

2

 

35,186

2

 

PRN Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A Shares of £1 each

1

1

1

1

Ordinary Shares of £1 each

2

2

2

2

 

3

3

3

3