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REGISTERED NUMBER: 11203881 (England and Wales)















PROMINENS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023






PROMINENS LIMITED (REGISTERED NUMBER: 11203881)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROMINENS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: N M Unadkat
M K C Unadkat





REGISTERED OFFICE: 2nd Floor, One Hobbs House
Harrovian Business Village
Bessborough Road
Harrow
HA1 3EX





REGISTERED NUMBER: 11203881 (England and Wales)





ACCOUNTANTS: Albury Associates Limited
2nd Floor, One Hobbs House,
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

PROMINENS LIMITED (REGISTERED NUMBER: 11203881)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 316,229 316,229

CURRENT ASSETS
Debtors 5 1,901 6,207
Cash at bank 21,472 11,494
23,373 17,701
CREDITORS
Amounts falling due within one year 6 10,777 4,899
NET CURRENT ASSETS 12,596 12,802
TOTAL ASSETS LESS CURRENT LIABILITIES 328,825 329,031

CREDITORS
Amounts falling due after more than one year 7 344,596 344,633
NET LIABILITIES (15,771 ) (15,602 )

CAPITAL AND RESERVES
Called up share capital 9 400 400
Retained earnings 10 (16,171 ) (16,002 )
SHAREHOLDERS' FUNDS (15,771 ) (15,602 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 29 November 2023 and were signed on its behalf by:



M K C Unadkat - Director


PROMINENS LIMITED (REGISTERED NUMBER: 11203881)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Prominens 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the property is occupied.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Investment property
Although the Companies Act require the systematic annual depreciation of fixed assets, the directors believe the policy of not providing depreciation is necessary in order for the financial statements to give a true and fair view, since the current value of properties, and changes to that value, are of primary importance rather a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation and the amount that might otherwise have been included cannot be separately identified or quantified.

Cash at bank and in hand
Cash at bank and in hand is represented by cash in hand and deposits held with financial institutions repayable without penalty or a notice of not less than 24 hour's.

Going concern
The Financial Statements have been prepared on a going concern basis, as the director has confirmed that funds will continue to be made available for the company to meet its day to day commitments for the foreseeable future. The financial statements do not include any adjustments that may result from the withdrawal of this support and the director is of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements.

PROMINENS LIMITED (REGISTERED NUMBER: 11203881)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 March 2022
and 28 February 2023 316,229
NET BOOK VALUE
At 28 February 2023 316,229
At 28 February 2022 316,229

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 523 523
Other debtors 1,378 5,684
1,901 6,207

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 10,777 4,899

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 232,585 232,622
Other creditors 112,011 112,011
344,596 344,633

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 years 232,585 232,622

PROMINENS LIMITED (REGISTERED NUMBER: 11203881)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loan 232,585 232,622

Other loan is secured by way of a fixed charge over the company's leasehold property Flat 32, Everley House, 52 Capitol Way, London, NW9 0DB.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A Shares £1 100 100
100 Ordinary B Shares £1 100 100
100 Ordinary C Shares £1 100 100
100 Ordinary D Shares £1 100 100
400 400

All shares rank pari passu.

10. RESERVES
Retained
earnings
£   

At 1 March 2022 (16,002 )
Deficit for the year (169 )
At 28 February 2023 (16,171 )

11. RELATED PARTY DISCLOSURES

At the year end date, included within other debtors, amount falling due within one year, is an amount of £523 (2022: £523) owed from PCAL Limited. A company in which the directors have beneficial interest.

At the year end date, included within other creditors, amount falling due within one year,is an amount owed to the director M Unadkat of £4,100 (2022: £1,600).

At the year end date, included within other creditors, amounts falling due after more than one year, is an amount owed to the directors M Unadkat and N Unadkat of £112,011 (2022: £112,011)

These amounts are unsecured, interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M K C Unadkat.