Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 NI022156 Mr Philip Rex Morrow Mr Philip Rex Morrow true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI022156 2022-12-31 NI022156 2023-12-31 NI022156 2023-01-01 2023-12-31 NI022156 frs-core:CurrentFinancialInstruments 2023-12-31 NI022156 frs-core:ShareCapital 2023-12-31 NI022156 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI022156 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI022156 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 NI022156 frs-bus:SmallEntities 2023-01-01 2023-12-31 NI022156 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 NI022156 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI022156 1 2023-01-01 2023-12-31 NI022156 frs-core:CostValuation 2022-12-31 NI022156 frs-core:CostValuation 2023-12-31 NI022156 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 NI022156 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 NI022156 frs-bus:Director1 2023-01-01 2023-12-31 NI022156 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 NI022156 frs-countries:NorthernIreland 2023-01-01 2023-12-31 NI022156 2021-12-31 NI022156 2022-12-31 NI022156 2022-01-01 2022-12-31 NI022156 frs-core:CurrentFinancialInstruments 2022-12-31 NI022156 frs-core:ShareCapital 2022-12-31 NI022156 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: NI022156
PRM Operations Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
McCleary & Company Ltd.
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI022156
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 1,022,463 1,022,463
1,022,463 1,022,463
CURRENT ASSETS
Debtors 5 1,225 1,225
Cash at bank and in hand 370,971 360,386
372,196 361,611
Creditors: Amounts Falling Due Within One Year 6 (5,263 ) (5,547 )
NET CURRENT ASSETS (LIABILITIES) 366,933 356,064
TOTAL ASSETS LESS CURRENT LIABILITIES 1,389,396 1,378,527
NET ASSETS 1,389,396 1,378,527
CAPITAL AND RESERVES
Called up share capital 7 21,002 21,002
Profit and Loss Account 1,368,394 1,357,525
SHAREHOLDERS' FUNDS 1,389,396 1,378,527
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Philip Rex Morrow
Director
15 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PRM Operations Ltd is a private company, limited by shares, incorporated in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Preparation of consolidated financial statements
The financial statements contain information about PRM Operations Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. 
Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost. 
2.2. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
2.3. 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. Average Number of Employees
Average number of employees during the year was: NIL (2022: NIL)
- -
Page 3
Page 4
4. Investments
Subsidiaries
£
Cost
As at 1 January 2023 1,022,463
As at 31 December 2023 1,022,463
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 1,022,463
As at 1 January 2023 1,022,463
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 1,225 1,225
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 1,920 3,800
Taxation and social security 3,343 1,747
5,263 5,547
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 21,002 21,002
8. Related Party Transactions
PRM Operations Ltd , PRM Logistics Ltd and PRM Haulage Ltd are all members of the same group of companies.
PRM Developments Ltd
PRM Operations Ltd operated a current account with PRM Developments Ltd. Interest of £14,700
was charged by PRM Operations Ltd. At the year end no balance was outstanding.
9. Ultimate Controlling Party
The ultimate controlling party is Mr Philip R Morrow due to his equity shareholding.
Page 4