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REGISTERED NUMBER: 04104856















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

PRISM PROJECTS (NEWMARKET) LIMITED

PRISM PROJECTS (NEWMARKET) LIMITED (REGISTERED NUMBER: 04104856)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRISM PROJECTS (NEWMARKET) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: P Catherall
J Catherall
K Dowson
M Tyler





SECRETARY: P Catherall





REGISTERED OFFICE: The Old Bakery
35 High Street
Bassingbourn
Royston
Cambridgeshire
SG8 5NE





REGISTERED NUMBER: 04104856





ACCOUNTANTS: Liric Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Milton Keynes
Buckinghamshire
MK12 5NN

PRISM PROJECTS (NEWMARKET) LIMITED (REGISTERED NUMBER: 04104856)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment property 4 1,300,000 1,300,000

CURRENT ASSETS
Debtors 5 56,273 32,301
Cash at bank and in hand 6,393 33,578
62,666 65,879
CREDITORS
Amounts falling due within one year 6 300,105 254,299
NET CURRENT LIABILITIES (237,439 ) (188,420 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,062,561

1,111,580

CREDITORS
Amounts falling due after more than one
year

7

(384,741

)

(371,119

)

PROVISIONS FOR LIABILITIES (131,225 ) (131,225 )
NET ASSETS 546,595 609,236

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 559,431 559,431
Retained earnings (12,936 ) 49,705
546,595 609,236

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PRISM PROJECTS (NEWMARKET) LIMITED (REGISTERED NUMBER: 04104856)

BALANCE SHEET - continued
30 NOVEMBER 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 Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:





P Catherall - Director


PRISM PROJECTS (NEWMARKET) LIMITED (REGISTERED NUMBER: 04104856)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Prism Projects (Newmarket) Limited is a private company, limited by shares , registered in Not specified/Other. 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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).

PRISM PROJECTS (NEWMARKET) LIMITED (REGISTERED NUMBER: 04104856)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 December 2022
and 30 November 2023 1,300,000
NET BOOK VALUE
At 30 November 2023 1,300,000
At 30 November 2022 1,300,000

5. DEBTORS
2023 2022
£ £
Amounts falling due within one year:
Other debtors 44,273 26,301

Amounts falling due after more than one year:
Trade debtors 12,000 6,000

Aggregate amounts 56,273 32,301

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 3,195 3,195
Trade creditors 277,553 239,785
Taxation and social security - 12
Other creditors 19,357 11,307
300,105 254,299

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 4,741 7,681
Other creditors 380,000 363,438
384,741 371,119