Company Registration No. 12385927 (England and Wales)
PRYER-FREEMAN LIMITED
Unaudited accounts
for the year ended 31 January 2024
PRYER-FREEMAN LIMITED
Unaudited accounts
Contents
PRYER-FREEMAN LIMITED
Company Information
for the year ended 31 January 2024
Director
James Pryer-Freeman
Company Number
12385927 (England and Wales)
Registered Office
ROSE COTTAGE SCHOOL LANE
FORDWICH
CANTERBURY
CT2 0DG
ENGLAND
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
PRYER-FREEMAN LIMITED
Statement of financial position
as at 31 January 2024
Investment property
462,790
224,190
Cash at bank and in hand
7,277
4,828
Creditors: amounts falling due within one year
(139,661)
(65,157)
Net current liabilities
(132,384)
(60,329)
Total assets less current liabilities
330,406
163,861
Creditors: amounts falling due after more than one year
(339,234)
(163,253)
Net (liabilities)/assets
(8,828)
608
Called up share capital
2
2
Profit and loss account
(8,830)
606
Shareholders' funds
(8,828)
608
For the year ending 31 January 2024 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 August 2024 and were signed on its behalf by
James Pryer-Freeman
Director
Company Registration No. 12385927
PRYER-FREEMAN LIMITED
Notes to the Accounts
for the year ended 31 January 2024
PRYER-FREEMAN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12385927. The registered office is ROSE COTTAGE SCHOOL LANE, FORDWICH, CANTERBURY, CT2 0DG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover includes revenue earned from property rental and is recognised when receivable from the tenant.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
At the period end the company has total net liabilities of £13,705 (2021 - £25,051). The company has received a loan from the director which remains unpaid. The director will not seek repayment of the loan until the company's other debts have been met. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.
Fair value at 1 February 2023
224,190
At 31 January 2024
462,790
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
623
Loans from directors
139,302
64,235
PRYER-FREEMAN LIMITED
Notes to the Accounts
for the year ended 31 January 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
339,234
163,253
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).