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REGISTERED NUMBER: 02663268 (England and Wales)




























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

PRESCOTT MAIL ORDER LIMITED

PRESCOTT MAIL ORDER LIMITED (REGISTERED NUMBER: 02663268)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

PRESCOTT MAIL ORDER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: W Grantham





SECRETARY: W Grantham





REGISTERED OFFICE: 63 Patterdale Avenue
Blackpool
Lancashire
FY3 9QR





REGISTERED NUMBER: 02663268 (England and Wales)





ACCOUNTANTS: Hanley & Co
Chartered Accountants
Suite 204 Ashton Old Baths
Stamford Street West
Ashton-under-Lyne
Lancashire
OL6 7FW

PRESCOTT MAIL ORDER LIMITED (REGISTERED NUMBER: 02663268)

ABRIDGED BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 41 60
Investment property 5 210,000 210,000
210,041 210,060

CURRENT ASSETS
Debtors 3,975 350
Cash at bank 37,140 24,817
41,115 25,167
CREDITORS
Amounts falling due within one year 8,976 8,910
NET CURRENT ASSETS 32,139 16,257
TOTAL ASSETS LESS CURRENT
LIABILITIES

242,180

226,317

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 242,080 226,217
SHAREHOLDERS' FUNDS 242,180 226,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

PRESCOTT MAIL ORDER LIMITED (REGISTERED NUMBER: 02663268)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2024


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 August 2024 and were signed by:





W Grantham - Director


PRESCOTT MAIL ORDER LIMITED (REGISTERED NUMBER: 02663268)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Prescott Mail Order 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 represents net invoiced value of rents and insurances received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost of the asset over its estimated useful life:-

33% per annum.

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.

The director has considered for each property the current value of the building, ultimate residual value and expected useful life. He considers that any depreciation charge calculation on the buildings would be an insignificant amount and he therefore does not consider it necessary to provide for depreciation in the amounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 February 2023
and 31 January 2024 200
DEPRECIATION
At 1 February 2023 140
Charge for year 19
At 31 January 2024 159
NET BOOK VALUE
At 31 January 2024 41
At 31 January 2023 60

PRESCOTT MAIL ORDER LIMITED (REGISTERED NUMBER: 02663268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 210,000
NET BOOK VALUE
At 31 January 2024 210,000
At 31 January 2023 210,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2011 147,396
Valuation in 2013 42,930
Valuation in 2018 (285,000 )
Cost 304,674
210,000

6. RELATED PARTY DISCLOSURES

Creditors - amounts falling due within one year includes an interest free director loan of £666 (2023 - £410).

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PRESCOTT MAIL ORDER LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Prescott Mail Order Limited for the year ended 31 January 2024 which comprise the Abridged Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Prescott Mail Order Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Prescott Mail Order Limited and state those matters that we have agreed to state to the director of Prescott Mail Order Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prescott Mail Order Limited and its director for our work or for this report.

It is your duty to ensure that Prescott Mail Order Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Prescott Mail Order Limited. You consider that Prescott Mail Order Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Prescott Mail Order Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hanley & Co
Chartered Accountants
Suite 204 Ashton Old Baths
Stamford Street West
Ashton-under-Lyne
Lancashire
OL6 7FW


13 August 2024