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REGISTERED NUMBER: 13465944 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

P&R Group (London) Ltd

P&R Group (London) Ltd (Registered number: 13465944)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P&R Group (London) Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Pawan Kumar





REGISTERED OFFICE: 92 Richmond Road
Ilford
IG1 1JZ





REGISTERED NUMBER: 13465944 (England and Wales)





ACCOUNTANTS: Prestons
Chartered Accountants
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY

P&R Group (London) Ltd (Registered number: 13465944)

Balance Sheet
30 June 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 800,568 484,539

CURRENT ASSETS
Cash at bank and in hand 19,164 1,772

CREDITORS
Amounts falling due within one year 5 277,021 152,495
NET CURRENT LIABILITIES (257,857 ) (150,723 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

542,711

333,816

CREDITORS
Amounts falling due after more than one
year

6

535,712

335,682
NET ASSETS/(LIABILITIES) 6,999 (1,866 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 6,997 (1,868 )
6,999 (1,866 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

P&R Group (London) Ltd (Registered number: 13465944)

Balance Sheet - continued
30 June 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 director and authorised for issue on 28 March 2024 and were signed by:





Pawan Kumar - Director


P&R Group (London) Ltd (Registered number: 13465944)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

P&R Group (London) Ltd 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 represents net income receivable from sale of goods and services in the year, excluding value added tax.

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.

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.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

P&R Group (London) Ltd (Registered number: 13465944)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method, less and impairment.

Going concern
The total current liabilities exceeds the total current assets of the company as at 30 June 2023. The director has confirmed that the company will have continuous support from the creditors. It is on this basis the accounts have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 484,539
Additions 316,029
At 30 June 2023 800,568
NET BOOK VALUE
At 30 June 2023 800,568
At 30 June 2022 484,539

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Taxation and social security 1,641 -
Other creditors 275,380 152,495
277,021 152,495

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30/6/23 30/6/22
£    £   
Bank loans 335,712 335,682
Other creditors 200,000 -
535,712 335,682

P&R Group (London) Ltd (Registered number: 13465944)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30/6/23 30/6/22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 335,712 335,682