2
01/02/2023
31/01/2024
2024-01-31
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No description of principal activities is disclosed
2023-02-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
10621583
2023-02-01
2024-01-31
10621583
2024-01-31
10621583
2023-01-31
10621583
2022-02-01
2023-01-31
10621583
2023-01-31
10621583
2022-01-31
10621583
bus:Director1
2023-02-01
2024-01-31
10621583
core:WithinOneYear
2024-01-31
10621583
core:WithinOneYear
2023-01-31
10621583
core:ShareCapital
2024-01-31
10621583
core:ShareCapital
2023-01-31
10621583
core:RetainedEarningsAccumulatedLosses
2024-01-31
10621583
core:RetainedEarningsAccumulatedLosses
2023-01-31
10621583
bus:Director1
2023-01-31
10621583
bus:Director1
2024-01-31
10621583
bus:Director1
2023-01-31
10621583
bus:Director1
2022-02-01
2023-01-31
10621583
bus:SmallEntities
2023-02-01
2024-01-31
10621583
bus:AuditExemptWithAccountantsReport
2023-02-01
2024-01-31
10621583
bus:SmallCompaniesRegimeForAccounts
2023-02-01
2024-01-31
10621583
bus:PrivateLimitedCompanyLtd
2023-02-01
2024-01-31
10621583
bus:FullAccounts
2023-02-01
2024-01-31
10621583
core:AllAssociates
2023-02-01
2024-01-31
10621583
core:AllAssociates
2022-02-01
2023-01-31
10621583
core:AllAssociates
2024-01-31
10621583
core:AllAssociates
2023-01-31
Company registration number:
10621583
Pro-Con Developments (2017) Limited
Unaudited filleted financial statements
31 January 2024
Pro-Con Developments (2017) Limited
Statement of financial position
31 January 2024
|
|
|
2024 |
|
|
|
2023 |
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|
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|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
- |
|
|
|
666,156 |
|
|
Debtors |
|
5 |
15,251 |
|
|
|
2,016 |
|
|
Cash at bank and in hand |
|
|
4,469 |
|
|
|
51,400 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
19,720 |
|
|
|
719,572 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
6 |
(
15,085) |
|
|
|
(
713,661) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
4,635 |
|
|
|
5,911 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
4,635 |
|
|
|
5,911 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
100 |
|
|
|
100 |
Profit and loss account |
|
|
|
|
4,535 |
|
|
|
5,811 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
4,635 |
|
|
|
5,911 |
|
|
|
|
|
_______ |
|
|
|
_______ |
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|
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
23 October 2024
, and are signed on behalf of the board by:
Mr D F Hughes
Mr A R Blair
Director
Director
Company registration number:
10621583
Pro-Con Developments (2017) Limited
Notes to the financial statements
Year ended 31 January 2024
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 35 Colworth House, Colworth Park, Sharnbrook, Bedford, MK44 1LQ.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The Directors believe that the company will have adequate resources to meet its liabilities as they fall due and so to operate as a going concern for a period of at least twelve months from the date of these financial statements. The Directors therefore consider it appropriate to continue to adopt the going concern basis in the preparation of these accounts.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
5.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Other debtors |
|
15,251 |
2,016 |
|
|
|
_______ |
_______ |
|
|
|
|
|
6.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade creditors |
|
- |
38,050 |
|
Corporation tax |
|
8,848 |
77,595 |
|
Social security and other taxes |
|
2,603 |
2,939 |
|
Other creditors |
|
3,634 |
595,077 |
|
|
|
_______ |
_______ |
|
|
|
15,085 |
713,661 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company: |
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|
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|
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|
|
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|
2024 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mr D F Hughes |
(
179) |
- |
(
179) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
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|
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|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mr D F Hughes |
- |
(
179) |
(
179) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
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8.
Related party transactions
During the year the company entered into the following transactions with related parties:
|
|
Transaction value |
|
Balance owed by/(owed to) |
|
|
|
2024 |
2023 |
2024 |
2023 |
|
|
£ |
£ |
£ |
£ |
|
Related companies |
(
606,703) |
310,000 |
14,954 |
(
591,748) |
|
|
_______ |
_______ |
_______ |
_______ |
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|
The loans to and from related companies are interest free and repayable on demand.