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REGISTERED NUMBER: 01302320 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PROGRAM PRODUCTS LIMITED

PROGRAM PRODUCTS LIMITED (Registered number: 01302320)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROGRAM PRODUCTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: Mr J R Harris
Mrs M S Harris





SECRETARY: Mr J R Harris





REGISTERED OFFICE: Units SCF 1 & 2, South Core,
Western Intl Market,
Hayes Road
Southall
Middlesex
UB2 5XJ





REGISTERED NUMBER: 01302320 (England and Wales)





ACCOUNTANTS: Cooper Dawn Jerrom Limited
Chartered Accountants
Units SCF 1 & 2
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ

PROGRAM PRODUCTS LIMITED (Registered number: 01302320)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 6,177 5,935

CURRENT ASSETS
Cash at bank 100,690 100,780

CREDITORS
Amounts falling due within one year 5 377,565 376,377
NET CURRENT LIABILITIES (276,875 ) (275,597 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(270,698

)

(269,662

)

CREDITORS
Amounts falling due after more than one year 6 1,514,876 1,514,876
NET LIABILITIES (1,785,574 ) (1,784,538 )

CAPITAL AND RESERVES
Called up share capital 3,150,000 3,150,000
Retained earnings (4,935,574 ) (4,934,538 )
SHAREHOLDERS' FUNDS (1,785,574 ) (1,784,538 )

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

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

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 12 August 2024 and were signed on its behalf by:





Mr J R Harris - Director


PROGRAM PRODUCTS LIMITED (Registered number: 01302320)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

PROGRAM PRODUCTS 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.

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.

Going concern
The solvency of the company is dependent on the continued availability of funds by way of loans amounting at 31st December 2023 to £1,525,876 which are owed to directors. They have given their assurance that they have no current intention to seek repayment of the loans outstanding to them if by so doing the company would have to cease trading. On the strength of this assurance the accounts have been prepared on a going concern basis. The amount due carries no interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023 5,935
Additions 265
Disposals (23 )
At 31 December 2023 6,177
NET BOOK VALUE
At 31 December 2023 6,177
At 31 December 2022 5,935

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 365,426 364,286
Directors' current accounts 11,000 11,000
Accrued expenses 1,139 1,091
377,565 376,377

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Loan from directors 1,514,876 1,514,876

The loans are interest free and carry no fixed repayment terms. See Note (2).

7. ULTIMATE PARENT COMPANY

The Ultimate Holding Company is Prolog Management Limited, a company incorporated in England.

8. RELATED PARTY DISCLOSURES

At the balance sheet date, amount due to the parent company Prolog Management Limited is £365,378 (2022: £364,286).

PROGRAM PRODUCTS LIMITED (Registered number: 01302320)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J.R.Harris by virtue of his shareholding in the holding company.