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REGISTERED NUMBER: 10928395 (England and Wales)















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 4 120 160
Investments 5 1,925,000 1,925,000
1,925,120 1,925,160

Current assets
Stocks 6 1,298,673 1,298,673
Debtors 7 660,616 660,616
Cash at bank 47,346 22,845
2,006,635 1,982,134
Creditors
Amounts falling due within one year 8 (5,785,871 ) (5,440,297 )
Net current liabilities (3,779,236 ) (3,458,163 )
Total assets less current liabilities (1,854,116 ) (1,533,003 )

Capital and reserves
Called up share capital 100 100
Retained earnings 10 (1,854,216 ) (1,533,103 )
Shareholders' funds (1,854,116 ) (1,533,003 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Prd Construction Ltd (Registered number: 10928395)

Balance Sheet - continued
31 August 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 1 May 2024 and were signed on its behalf by:




Pranil Devadason - Director



Mrs Shaniya Mahesan - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10928395

Registered office: Holleia
Royal Avenue
Worcester Park
KT4 7JE

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 1,895
Depreciation
At 1 September 2022 1,735
Charge for year 40
At 31 August 2023 1,775
Net book value
At 31 August 2023 120
At 31 August 2022 160

5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 September 2022
and 31 August 2023 1,925,000
Net book value
At 31 August 2023 1,925,000
At 31 August 2022 1,925,000

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 1,298,673 1,298,673

7. Debtors: amounts falling due after more than one year
31.8.23 31.8.22
£ £
Amounts owed by DE 166,875 166,875
Amounts owed by SRJR 97,105 97,105
Other debtors - SRJR investmen 355,106 355,106
VAT recoverbale 41,530 41,530
660,616 660,616

8. Creditors: amounts falling due within one year
31.8.23 31.8.22
£ £
Bank loans and overdrafts (see note 9)
1,862

-
Trade creditors 649,979 649,782
Corporation tax - 196
Social security and other taxes (1,337 ) (1,337 )
Bank loan - PD 11,185 71,520
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 2,100 2,100
5,785,871 5,440,297

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 1,862 -

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 (1,533,103 )
Deficit for the year (321,113 )
At 31 August 2023 (1,854,216 )