09737966falseproperty investment2022-09-012023-08-31http://www.companieshouse.gov.uk/2022-08-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-08-31http://www.companieshouse.gov.uk/cd:Director12022-09-012023-08-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-08-31http://www.companieshouse.gov.uk/cd:Director22022-09-012023-08-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-09-012023-08-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-09-012023-08-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-09-012023-08-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-08-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-08-31http://www.companieshouse.gov.uk/2022-09-012023-08-31http://www.companieshouse.gov.uk/2022-08-31http://www.companieshouse.gov.uk/cd:FRS1022022-09-012023-08-31http://www.companieshouse.gov.uk/2023-08-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-09-012023-08-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-09-012023-08-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 09737966

Prayle Limited

ACCOUNTS
FOR THE YEAR ENDED 31/08/2023

Prepared By:
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Prayle Limited

ACCOUNTS
FOR THE YEAR ENDED 31/08/2023
DIRECTORS
Jakob Ollech
David Kuflik
REGISTERED OFFICE
161 Wargrave Avenue
London
London
N15 6TX
COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number 09737966
BANKERS
Lloyds, HSBC
SOLICITORS
William Sturges & Co
ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Prayle Limited

ACCOUNTS
FOR THEYEARENDED31/08/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Prayle Limited

BALANCE SHEET AT 31/08/2023
20232022
Notes££
FIXED ASSETS
Tangible assets1,865,5621,865,562
CURRENT ASSETS
Cash at bank and in hand13,0508,741
13,0508,741
CREDITORS: Amounts falling due within one year3152,256161,447
NET CURRENT LIABILITIES(139,206)(152,706)
TOTAL ASSETS LESS CURRENT LIABILITIES1,726,3561,712,856
CREDITORS: Amounts falling due after more than one year41,601,4061,603,350
NET ASSETS124,950109,506
CAPITAL AND RESERVES
Called up share capital6100100
Profit and loss account124,850109,406
SHAREHOLDERS' FUNDS124,950109,506
For the year ending 31/08/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 22/11/2023 and signed on their behalf by
.............................
Jakob Ollech
Director

Prayle Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/08/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
2. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/09/20221,865,5621,865,562
At 31/08/20231,865,5621,865,562
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax2,8814,222
Bank Loan5,5565,000
Other creditors141,839150,245
Accruals1,9801,980
152,256161,447

Prayle Limited

4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr43,05645,000
Bank loans (secured) >1yr1,558,3501,558,350
1,601,4061,603,350
Creditors includes an amount of £1,558,350 (2022: £1,558,350), of which £Nil (2022: £Nil) is due within 1 year, which is secured by fixed charges over the company's investment properties.
5. EMPLOYEES
20232022
No.No.
Average number of employees21
6. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
7. CONTROLLING PARTY
The company is controlled by D Kuflik and J. Ollech, the directors, by virtue of the fact that together they hold 100% of the company's issued and called up voting share capital.
8. RELATED PARTY TRANSACTIONS
During the year, certain loans were advanced to the company by the driectors, D Kuflik and J Ollech. The loans are interest free and repayable on demand. At the year end, the balance due to the directors totalled £54,846 (2022: £46,308).