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REGISTERED NUMBER: 02606372 (England and Wales)
















P & R HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






P & R HOLDINGS LIMITED (REGISTERED NUMBER: 02606372)


CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023












Page



Company Information  

1



Balance Sheet  

2


to


3


Notes to the Financial Statements  

4


to


6



P & R HOLDINGS LIMITED


COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2023









DIRECTOR:

Ms P Bossi







SECRETARY:

D Pini







REGISTERED OFFICE:

C/o Pini Franco LLP


22-24 Ely Place


London


EC1N 6TE







REGISTERED NUMBER:

02606372 (England and Wales)







ACCOUNTANTS:

William Hinton Limited


Chartered Accountants


Ross House


The Square


Stow On The Wold


Gloucestershire


GL54 1AF


P & R HOLDINGS LIMITED (REGISTERED NUMBER: 02606372)


BALANCE SHEET

31 DECEMBER 2023



2023

2022



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

6


6



Investment property

5

1,061,550


1,050,000



1,061,556


1,050,006




CURRENT ASSETS

Debtors

6

9,934


10,511



Cash at bank

23,546


257,968



33,480


268,479



CREDITORS

Amounts falling due within one year

7

36,967


233,641



NET CURRENT (LIABILITIES)/ASSETS

(3,487

)

34,838



TOTAL ASSETS LESS CURRENT

LIABILITIES

1,058,069


1,084,844




PROVISIONS FOR LIABILITIES

140,790


104,806



NET ASSETS

917,279


980,038




CAPITAL AND RESERVES

Called up share capital

1,000


1,000



Fair value reserve

8

791,900


791,900



Retained earnings

8

124,379


187,138



SHAREHOLDERS' FUNDS

917,279


980,038




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


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.  


The director acknowledges her 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 HOLDINGS LIMITED (REGISTERED NUMBER: 02606372)


BALANCE SHEET - continued

31 DECEMBER 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 15 April 2024 and were signed by:






Ms P Bossi - Director



P & R HOLDINGS LIMITED (REGISTERED NUMBER: 02606372)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023



1.

STATUTORY INFORMATION



P & R Holdings 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.  


Fixtures and fittings

-

15% on cost



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.

3.

EMPLOYEES AND DIRECTORS



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


P & R HOLDINGS LIMITED (REGISTERED NUMBER: 02606372)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023



4.

TANGIBLE FIXED ASSETS


Fixtures


and


fittings

£   



COST


At 1 January 2023


and 31 December 2023

24,622




DEPRECIATION


At 1 January 2023


and 31 December 2023

24,616




NET BOOK VALUE


At 31 December 2023

6




At 31 December 2022

6




5.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1 January 2023

1,050,000




Revaluations

11,550




At 31 December 2023

1,061,550




NET BOOK VALUE


At 31 December 2023

1,061,550




At 31 December 2022

1,050,000





Fair value at 31 December 2023 is represented by:

£   



Valuation in 2015

4,640,000




Valuation in 2016

301,000




Valuation in 2017

(59,500

)



Valuation in 2018

(38,000

)



Valuation in 2019

(44,200

)



Valuation in 2020

(1,749,300

)



Valuation in 2021

(510,000

)



Valuation in 2022

(1,490,000

)



Valuation in 2023

11,550



1,061,550




P & R HOLDINGS LIMITED (REGISTERED NUMBER: 02606372)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023



6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Trade debtors

9,934


10,341




Other debtors

-


170



9,934


10,511




7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Taxation and social security

-


196,675




Other creditors

36,967


36,966



36,967


233,641




8.

RESERVES


Fair



Retained


value



earnings


reserve


Totals

£   

£   

£   




At 1 January 2023

187,138


791,900


979,038




Deficit for the year

(62,759

)

(62,759

)



At 31 December 2023

124,379


791,900


916,279




9.

ULTIMATE CONTROLLING PARTY



The controlling party is Ms P Bossi.