Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false12023-04-01No description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04331153 2023-04-01 2024-03-31 04331153 2022-04-01 2023-03-31 04331153 2024-03-31 04331153 2023-03-31 04331153 c:Director1 2023-04-01 2024-03-31 04331153 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 04331153 d:FreeholdInvestmentProperty 2024-03-31 04331153 d:CurrentFinancialInstruments 2024-03-31 04331153 d:CurrentFinancialInstruments 2023-03-31 04331153 d:Non-currentFinancialInstruments 2024-03-31 04331153 d:Non-currentFinancialInstruments 2023-03-31 04331153 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04331153 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04331153 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 04331153 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04331153 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 04331153 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 04331153 d:ShareCapital 2024-03-31 04331153 d:ShareCapital 2023-03-31 04331153 d:RetainedEarningsAccumulatedLosses 2024-03-31 04331153 d:RetainedEarningsAccumulatedLosses 2023-03-31 04331153 c:FRS102 2023-04-01 2024-03-31 04331153 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04331153 c:FullAccounts 2023-04-01 2024-03-31 04331153 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 04331153







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


PROLAND LIMITED






































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PROLAND LIMITED
REGISTERED NUMBER:04331153



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
  
728,138
-

  
728,138
-

Current assets
  

Debtors: amounts falling due within one year
  
78,842
83,380

Bank and cash balances
  
23,033
291,157

  
101,875
374,537

Creditors: amounts falling due within one year
  
(147,013)
(161,550)

Net current (liabilities)/assets
  
 
 
(45,138)
 
 
212,987

Total assets less current liabilities
  
683,000
212,987

Creditors: amounts falling due after more than one year
  
(420,907)
-

  

Net assets
  
262,093
212,987


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
262,091
212,985

  
262,093
212,987


Page 1

 


PROLAND LIMITED
REGISTERED NUMBER:04331153


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
R H G Hawkins
Director

Date: 9 August 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


PROLAND LIMITED
 


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

1.


General information

Proland 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.
The presentation currency of the financial statements is the pound sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rental income is recognised in the income statement on a straight line basis over the year in which the rental relates.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 3

 


PROLAND LIMITED
 


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

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).





4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
728,138



At 31 March 2024
728,138

The 2024 valuations were made by the director, on an open market value for existing use basis.

2024
2023
£
£

Revaluation reserves


Cost
728,138
-

At 31 March 2024
728,138
-



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
728,138
-

728,138
-


5.


Debtors

2024
2023
£
£


Trade debtors
10,359
-

Amounts owed by associates
67,500
82,000

Other debtors
983
1,380

78,842
83,380


Page 4

 


PROLAND LIMITED
 


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

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,783
-

Trade creditors
944
-

Amounts owed to associates
104,239
141,283

Corporation tax
15,966
9,448

Other creditors
12,531
-

Accruals and deferred income
2,550
10,819

147,013
161,550



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
20,607
-

Other creditors
400,300
-

420,907
-



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,783
-


10,783
-

Amounts falling due 1-2 years

Bank loans
20,607
-


20,607
-



31,390
-



9.


Related party transactions

At the balance sheet date the company owed £36,739 (2023: £59,283) to related parties. The balance is free of any interest.

Page 5

 


PROLAND LIMITED
 


 
 Page 6