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REGISTERED NUMBER: SC372727 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

PRO-SUB SERVICES LIMITED

PRO-SUB SERVICES LIMITED (REGISTERED NUMBER: SC372727)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

PRO-SUB SERVICES LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTORS: J A Nekrews
Mrs C Nekrews





SECRETARY: Mrs C Nekrews





REGISTERED OFFICE: Tigh Mara Bruntland Road
Portlethen
Aberdeen
AB12 4QN





REGISTERED NUMBER: SC372727 (Scotland)





ACCOUNTANTS: Enrich Tax Consultancy Ltd
4 Kingshill Park
Venture Drive
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6FL

PRO-SUB SERVICES LIMITED (REGISTERED NUMBER: SC372727)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 451,892 456,622

CURRENT ASSETS
Debtors 5 8,763 8,763
Cash at bank 34,841 19,313
43,604 28,076
CREDITORS
Amounts falling due within one year 6 3,072 2,289
NET CURRENT ASSETS 40,532 25,787
TOTAL ASSETS LESS CURRENT
LIABILITIES

492,424

482,409

PROVISIONS FOR LIABILITIES 7 36,184 26,885
NET ASSETS 456,240 455,524

CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 9 108,553 114,615
Retained earnings 9 347,685 340,907
SHAREHOLDERS' FUNDS 456,240 455,524

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 6 November 2024 and were signed on its behalf by:





Mrs C Nekrews - Director


PRO-SUB SERVICES LIMITED (REGISTERED NUMBER: SC372727)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Pro-Sub Services Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investments
Fixed asset investments are recorded in the balance sheet at the market value with any gain or loss on revaluation reported through the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2023 456,622
Additions 16,434
Disposals (24,401 )
Revaluations 3,237
At 29 February 2024 451,892
NET BOOK VALUE
At 29 February 2024 451,892
At 28 February 2023 456,622

PRO-SUB SERVICES LIMITED (REGISTERED NUMBER: SC372727)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 29 February 2024 is represented by:

Other
investments
£   
Valuation in 2015 74,016
Valuation in 2016 (18,530 )
Valuation in 2017 82,500
Valuation in 2018 (13,363 )
Valuation in 2019 (27,550 )
Valuation in 2020 (17,809 )
Valuation in 2021 29,308
Valuation in 2022 29,588
Valuation in 2023 3,340
Valuation in 2024 3,238
Cost 307,154
451,892

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 8,763 8,763

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other creditors 3,072 2,289

7. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax
Other timing differences 36,184 26,885

Deferred
tax
£   
Balance at 1 March 2023 26,885
Provided during year 9,299
Balance at 29 February 2024 36,184

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2 Ordinary £1 2 2

PRO-SUB SERVICES LIMITED (REGISTERED NUMBER: SC372727)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 March 2023 340,907 114,615 455,522
Profit for the year 716 716
Fair value reserve 6,062 (6,062 ) -
At 29 February 2024 347,685 108,553 456,238

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
J A Nekrews
Balance outstanding at start of year - 24,544
Amounts repaid (286 ) (24,544 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (286 ) -

Mrs C Nekrews
Balance outstanding at start of year - -
Amounts repaid (26 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (26 ) -

The loan was interest free with no fixed terms of repayment.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Pro-Sub Services Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pro-Sub Services Limited for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Pro-Sub Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pro-Sub Services Limited and state those matters that we have agreed to state to the Board of Directors of Pro-Sub Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pro-Sub Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pro-Sub Services Limited. You consider that Pro-Sub Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pro-Sub Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Enrich Tax Consultancy Ltd
4 Kingshill Park
Venture Drive
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6FL


6 November 2024