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Registered number: 10253119










POINT-OF-RENTAL SOFTWARE LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022



 
POINT-OF-RENTAL SOFTWARE LIMITED
REGISTERED NUMBER: 10253119

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Investments
 4 
4,007,047
4,007,047

  
4,007,047
4,007,047

  

Creditors: amounts falling due within one year
 5 
(4,007,037)
(4,007,037)

Net current liabilities
  
 
 
(4,007,037)
 
 
(4,007,037)

Total assets less current liabilities
  
10
10

  

Net assets
  
10
10


Capital and reserves
  

Called up share capital 
 6 
10
10

  
10
10


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




W Harris
Director
Date: 7 February 2024

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
POINT-OF-RENTAL SOFTWARE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Point-Of-Rental Software Limited is a limited liability company incorporated in England and Wales. The address of its registered office is The Impreium 2nd Floor, Imperial Way, Reading, Berkshire, RG2 0TD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Exemption from preparing consolidated financial statements

The Company is exempt from the requirement to prepare consolidated financial statements as all of its subsidiaries are required to be excluded from consolidation by section 402 of the Companies Act 2006.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2022
4,007,047



At 31 December 2022
4,007,047




Page 2

 
POINT-OF-RENTAL SOFTWARE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Class of shares

Holding

Higher Concept Software Limited
Ordinary
100%
Point of Rental PTY Limited (Australia)
Ordinary
100%

The aggregate of the share capital and reserves as at 31 December 2022 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
£
£

Higher Concept Software Limited
1,528,788
(95,231)

Point of Rental PTY Limited (Australia)
(110,697)
50,712


5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Amounts owed to parent company
2,733,365
2,733,365

Amounts owed to subsidiary company
1,273,672
1,273,672

4,007,037
4,007,037



6.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



10 (2021 - 10) Ordinary shares of £1.00 each
10
10



7.


Controlling party

The company is controlled by Point-of-Rental Inc, who holds 100% of the share capital.


8.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2022 was unqualified.

The audit report was signed on 15 February 2024 by Darren O'Connor BSc (Hons) FCCA ACA (Senior statutory auditor) on behalf of James Cowper Kreston Audit.

Page 3