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REGISTERED NUMBER: 01860479 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

PRAS GOTH LIMITED

PRAS GOTH LIMITED (REGISTERED NUMBER: 01860479)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRAS GOTH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: D C Stevens
Mrs D J Stevens





SECRETARY: D C Stevens





REGISTERED OFFICE: The Old School
The Stennack
St Ives
Cornwall
TR26 1QU





REGISTERED NUMBER: 01860479 (England and Wales)





ACCOUNTANTS: Greenwood Wilson
The Old School
The Stennack
St Ives
Cornwall
TR26 1QU

PRAS GOTH LIMITED (REGISTERED NUMBER: 01860479)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65 131
Investment property 5 600,000 500,000
600,065 500,131

CURRENT ASSETS
Stocks 10,246 24,619
Debtors 6 8,281 16,298
Cash at bank 14,136 2,405
32,663 43,322
CREDITORS
Amounts falling due within one year 7 5,610 6,452
NET CURRENT ASSETS 27,053 36,870
TOTAL ASSETS LESS CURRENT
LIABILITIES

627,118

537,001

PROVISIONS FOR LIABILITIES 118,436 71,027
NET ASSETS 508,682 465,974

CAPITAL AND RESERVES
Called up share capital 8,200 8,200
Fair value reserve 8 398,715 346,137
Retained earnings 101,767 111,637
SHAREHOLDERS' FUNDS 508,682 465,974

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

PRAS GOTH LIMITED (REGISTERED NUMBER: 01860479)

BALANCE SHEET - continued
31 JULY 2023


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 8 March 2024 and were signed on its behalf by:





Mrs D J Stevens - Director


PRAS GOTH LIMITED (REGISTERED NUMBER: 01860479)

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

1. STATUTORY INFORMATION

Pras Goth 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

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

PRAS GOTH LIMITED (REGISTERED NUMBER: 01860479)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 3,245
DEPRECIATION
At 1 August 2022 3,114
Charge for year 66
At 31 July 2023 3,180
NET BOOK VALUE
At 31 July 2023 65
At 31 July 2022 131

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 500,000
Revaluations 100,000
At 31 July 2023 600,000
NET BOOK VALUE
At 31 July 2023 600,000
At 31 July 2022 500,000

Fair value at 31 July 2023 is represented by:
£   
Valuation in 1998 23,186
Valuation in 2013 264,648
Valuation in 2018 29,305
Valuation in 2021 100,000
Valuation in 2023 100,000
Cost 82,861
600,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 82,861 82,861

Investment property was valued on an open market basis on 31 July 2021 by the directors .

PRAS GOTH LIMITED (REGISTERED NUMBER: 01860479)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,713 11,841
Other debtors 4,568 4,457
8,281 16,298

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 236 1,504
Taxation and social security 2,136 1,565
Other creditors 3,238 3,383
5,610 6,452

8. RESERVES
Fair
value
reserve
£   
At 1 August 2022 346,137
Fair value transfer 100,000
Deferred tax (47,422 )

At 31 July 2023 398,715

The fair value reserve is a non distributable reserve.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D C Stevens and Mrs D J Stevens.