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
Proma Holding Limited
Company Information
for the year ended 31 December 2023
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
Proma Holding Limited
Statement of financial position
as at 31 December 2023
Tangible assets
140,250
127,622
Cash at bank and in hand
1,063
1,625
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)
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
Proma Holding Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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 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.
Proma Holding Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings
Transfer from investment property
12,628
At 31 December 2023
140,250
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.
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
8
Creditors: amounts falling due after more than one year
2023
2022
Proma Holding Limited
Notes to the Accounts
for the year ended 31 December 2023
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).
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Average number of employees
During the year the average number of employees was 0 (2022: 0).