REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 August 2023 |
for |
Prd Construction Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 August 2023 |
for |
Prd Construction Ltd |
Prd Construction Ltd (Registered number: 10928395) |
Contents of the Financial Statements |
for the Year Ended 31 August 2023 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
Prd Construction Ltd (Registered number: 10928395) |
Balance Sheet |
31 August 2023 |
31.8.23 | 31.8.22 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investments | 5 |
Current assets |
Stocks | 6 |
Debtors | 7 |
Cash at bank |
Creditors |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital |
Retained earnings | 10 | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
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. |
Prd Construction Ltd (Registered number: 10928395) |
Balance Sheet - continued |
31 August 2023 |
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 |
Prd Construction Ltd (Registered number: 10928395) |
Notes to the Financial Statements |
for the Year Ended 31 August 2023 |
1. | Statutory information |
Prd Construction Ltd is a |
Registered number: |
Registered office: |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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. |
Prd Construction Ltd (Registered number: 10928395) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2023 |
2. | Accounting policies - continued |
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). |
4. | Tangible fixed assets |
Fixtures |
and |
fittings |
£ |
Cost |
At 1 September 2022 |
and 31 August 2023 |
Depreciation |
At 1 September 2022 |
Charge for year |
At 31 August 2023 |
Net book value |
At 31 August 2023 |
At 31 August 2022 |
5. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 September 2022 |
and 31 August 2023 |
Net book value |
At 31 August 2023 |
At 31 August 2022 |
Prd Construction Ltd (Registered number: 10928395) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2023 |
6. | Stocks |
31.8.23 | 31.8.22 |
£ | £ |
Work-in-progress |
7. | Debtors: amounts falling due after more than one year |
31.8.23 | 31.8.22 |
£ | £ |
Amounts owed by DE |
Amounts owed by SRJR | 97,105 | 97,105 |
Other debtors - SRJR investmen | 355,106 | 355,106 |
VAT recoverbale | 41,530 | 41,530 |
8. | Creditors: amounts falling due within one year |
31.8.23 | 31.8.22 |
£ | £ |
Bank loans and overdrafts (see note 9) |
Trade creditors |
Corporation tax |
Social security and other taxes | ( |
) | ( |
) |
Bank loan - PD |
Other creditors | 3,126,032 | 2,721,986 |
Loan - M Abraham | 879,366 | 879,366 |
Other loan - SM | 868,329 | 868,329 |
Gemini - Y Davidson loan | 210,142 | 210,142 |
Amount due to RNRJD | 14,713 | 14,713 |
Deposit held | 23,500 | 23,500 |
Accrued expenses |
9. | Loans |
An analysis of the maturity of loans is given below: |
31.8.23 | 31.8.22 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank overdrafts |
Prd Construction Ltd (Registered number: 10928395) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2023 |
10. | Reserves |
Retained |
earnings |
£ |
At 1 September 2022 | ( |
) |
Deficit for the year | ( |
) |
At 31 August 2023 | ( |
) |