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REGISTERED NUMBER: 10354646 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Prudence Brokers (UK) Limited

Prudence Brokers (UK) Limited (Registered number: 10354646)






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


Prudence Brokers (UK) Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: P H Barke
H C Barke





REGISTERED OFFICE: 37 Warden House
Manor Road
Colchester
Essex
CO3 3LX





REGISTERED NUMBER: 10354646 (England and Wales)





ACCOUNTANTS: Tile & Co
Warden House
37 Manor Road
Colchester
Essex
CO3 3LX

Prudence Brokers (UK) Limited (Registered number: 10354646)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Cash at bank - 93,651

CREDITORS
Amounts falling due within one year 4 1,560 93,794
NET CURRENT LIABILITIES (1,560 ) (143 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,560

)

(143

)

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (11,560 ) (10,143 )
(1,560 ) (143 )

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 17 October 2024 and were signed on its behalf by:





H C Barke - Director


Prudence Brokers (UK) Limited (Registered number: 10354646)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Prudence Brokers (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover comprises amounts recognised by the company in respect of commissions earned, exclusive of Value Added Tax and trade discounts. Commissions earned are recognised on inception of the contract.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible
preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
Despite the company reporting net liabilities of £1,560 (2022: £143) as at 31 December 2023, the financial statements have been prepared on the going concern basis. The directors and shareholders have confirmed that they will continue to provide the necessary financial support to the company in order to meet its liabilities as and when they fall due for a period of at least 12 months from the date of approval of these financial statements.

3. EMPLOYEES AND DIRECTORS

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

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 1,560 93,794

5. RELATED PARTY DISCLOSURES

H Barke and P Barke, both directors of the company, were paid consultancy fees of £5,087 each (2022: £15,000 each) in the year. Additionally, H Barke paid for expenses on behalf of the company totalling £38,510 (2022: £62,784) and was owed £nil (2022: £89,294) as at the year end.