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Registered number: 11593143









PR UK BENHAM LIMITED









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
PR UK BENHAM LIMITED
REGISTERED NUMBER:11593143

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
658,406
665,856

  
658,406
665,856

Creditors: amounts falling due within one year
 4 
(5,850)
(8,410)

Net current assets
  
 
 
652,556
 
 
657,446

Total assets less current liabilities
  
652,556
657,446

  

Net assets
  
652,556
657,446


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
652,555
657,445

  
652,556
657,446


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 comprehensive income 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: 




Hang Xu
Director

Date: 23 September 2024

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
PR UK BENHAM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

PR UK Benham Limited ("the Company") is a private company, limited by shares, incorporated in England and Wales. Its registered office is East Lodge, Benham Valence Speen, Newbury, Berkshire, RG20 8EP.
The principal activity is that of a property development management company.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.3

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary
Page 2

 
PR UK BENHAM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.3
Financial instruments (continued)

course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Debtors

2023
2022
£
£


Amounts owed by related undertakings
658,405
665,145

Other debtors
-
710

Called up share capital not paid
1
1

658,406
665,856



4.


Creditors: Amounts falling due within one year

2023
2022
£
£

Accruals and deferred income
5,850
8,410



5.


Related party transactions

As at the year ended 31 December 2023, an amount of £658,405 (2022 - £665,145) was due from a connected company with a common director.


6.


Controlling party

The immediate parent undertaking is Pengrui Hong Kong Holdings Limited, an entity incorporated in Hong Kong. The ultimate controlling party is Shenzhen Parkland Group CO. Ltd, incorporated in China. The consolidated accounts, which include PR UK Benham Limited, can be obtained from 29F, One Shenzhen Bay Office Building, No.3088 Zhongxin Road, Nanshan District, Shenzhen, P.R. China.


7.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 23 September 2024 by Sooreeyen Iyaroo (Senior statutory auditor) on behalf of Barnes Roffe LLP.

 
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