Registered Number:11731726 |
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2023
Prewco Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Prewco Limited
Statement of Financial Position
2022
2023
2
70,000
94,777
41,387
48,262
3
118,262
136,164
Trade and other receivables |
520
918
4
507
Cash and cash equivalents |
535
1,453
1,027
Trade and other payables: amounts falling due within one |
year |
(173,532)
(170,145)
5
(172,505)
(168,692)
Net current liabilities
Total assets less current liabilities |
(50,430)
(36,341)
(50,430)
Net liabilities
(36,341)
200
200
6,963
2,001
(57,593)
(38,542)
(50,430)
(36,341)
Shareholders' funds
For the year ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
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 his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 06 August 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 December 2023
Prewco Limited
Notes to the Financial Statements
Statutory Information
Prewco Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
11731726. |
Unit I, Encon Court
Owl Close
Northampton
Northamptonshire
NN3 6HZ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain fixed assets. |
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. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Financial Instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the |
contractual provisions of the instrument. |
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction |
price. |
Basic financial liabilities |
Basic financial liabilities 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. Financial liabilities classified as payable within one year are not amortised. |
Equity Instruments
Equity Instruments issued by the company are recorded at the proceeds received. Dividends payable on equity |
instruments are recognised once they are no longer at the discretion of the company. |
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For the year ended 31 December 2023
Prewco Limited
Notes to the Financial Statements Continued
94,777
(24,777)
70,000
70,000
94,777
At the balance sheet date the company owned an investment property that originally cost £94,776. After the balance sheet date the property was sold for £70,000 and was therefore devalued to that level at the balance sheet date. |
3. Investments held as fixed assets |
Shares in group |
and |
participating |
interests |
41,387
41,287
100
2,008
2,008
-
(99)
(99)
-
4,966
4,966
-
100
48,162
48,262
100
48,162
48,262
41,387
100
41,287
4. Trade and other receivables |
2022
2023
Prepayments and accrued income |
424
40
494
480
520
918
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For the year ended 31 December 2023
Prewco Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2022
2023
Amounts owed to group undertaking and undertaking in which the |
company has a participating interest |
157,071
149,821
Taxation and social security |
400
1,526
Accruals and deferred income |
1,075
1,436
11,599
20,749
170,145
173,532
6. Guarantees and other financial commitments |
At 31 December 2023 the company had annual commitments under non-cancellable operating leases as set out |
below: |
2022
2023
Operating leases which expire: |
455
455
455
455
7. Average number of persons employed |
During the year the average number of employees was 1 (2022 : 1)
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