1 January 2023 false No description of principal activity Taxfiler 2024.5 11058361business:PrivateLimitedCompanyLtd2023-01-012023-12-31 110583612022-12-31 110583612023-01-012023-12-31 11058361business:AuditExemptWithAccountantsReport2023-01-012023-12-31 11058361business:FilletedAccounts2023-01-012023-12-31 110583612023-12-31 11058361business:Director12023-01-012023-12-31 11058361business:RegisteredOffice2023-01-012023-12-31 110583612022-12-31 11058361core:WithinOneYear2023-12-31 11058361core:WithinOneYear2022-12-31 11058361core:AfterOneYear2023-12-31 11058361core:AfterOneYear2022-12-31 11058361core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 11058361core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 11058361core:RevaluationReservecore:PreviouslyStatedAmount2023-12-31 11058361core:RevaluationReservecore:PreviouslyStatedAmount2022-12-31 11058361core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 11058361core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 11058361core:PreviouslyStatedAmount2023-12-31 11058361core:PreviouslyStatedAmount2022-12-31 11058361business:SmallEntities2023-01-012023-12-31 11058361countries:EnglandWales2023-01-012023-12-31 11058361core:LandBuildings2022-12-31 11058361core:LandBuildings2023-01-012023-12-31 11058361core:LandBuildings2023-12-31 11058361business:OrdinaryShareClass12023-01-012023-12-31 11058361business:OrdinaryShareClass12022-01-012022-12-31 110583612022-01-012022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11058361 (England and Wales)
Proma Holding Limited Unaudited accounts for the year ended 31 December 2023
Proma Holding Limited Unaudited accounts Contents
Page
- 2 -
Proma Holding Limited Company Information for the year ended 31 December 2023
Director
Philip Haines
Company Number
11058361 (England and Wales)
Registered Office
39 Dover Street 4th Floor London W1S 4NN England
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
- 3 -
Proma Holding Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
140,250 
127,622 
Investments
50 
50 
140,300 
127,672 
Current assets
Debtors
133,971 
132,371 
Cash at bank and in hand
1,063 
1,625 
135,034 
133,996 
Creditors: amounts falling due within one year
(204,781)
(205,861)
Net current liabilities
(69,747)
(71,865)
Total assets less current liabilities
70,553 
55,807 
Creditors: amounts falling due after more than one year
(61,085)
(61,085)
Provisions for liabilities
Deferred tax
(8,652)
(6,655)
Net assets/(liabilities)
816 
(11,933)
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
35,177 
24,948 
Profit and loss account
(34,461)
(36,981)
Shareholders' funds
816 
(11,933)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 September 2024 and were signed on its behalf by
Philip Haines Director Company Registration No. 11058361
- 4 -
Proma Holding Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Proma Holding Limited is a private company, limited by shares, registered in England and Wales, registration number 11058361. The registered office is 39 Dover Street, 4th Floor, London, W1S 4NN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
Proma Holding Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2023
127,622 
Transfer from investment property
12,628 
At 31 December 2023
140,250 
Depreciation
At 31 December 2023
- 
Net book value
At 31 December 2023
140,250 
At 31 December 2022
127,622 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2023
50 
Valuation at 31 December 2023
50 
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows: Proma Management Limited, a company registered in England & Wales. The registered office of the above entity is 39 Dover Street, 4th Floor, London, W1S 4NN. 50% of the voting rights and shares are held. The principal activity of Proma Management Limited is management consultancy activities.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
133,971 
132,371 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
7,881 
7,881 
Other creditors
30,000 
30,000 
Loans from directors
165,820 
165,820 
Accruals
1,080 
2,160 
204,781 
205,861 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
61,085 
61,085 
- 6 -
Proma Holding Limited Notes to the Accounts for the year ended 31 December 2023
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Transactions with related parties
Greenhaus Holding Limited: The company is related to Proma Holding Limited by the virtue of a common director. During the period, the net transfers between the two companies were £1,600 received from Proma Holding Limited. The amount outstanding to Proma Holding Limited at the Balance Sheet date was £114,021 (2022: £112,421). Proma Management Ltd: The company is related to Proma Holding Limited by the virtue of a common director. During the period, the net transfers between the two companies were £nil received from Proma Holding Limited. The amount outstanding to Proma Holding Limited at the Balance Sheet date was £19,950 (2022: £19,950).
11
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 7 -