Registered number
07589367
PRH ESTATES LTD
Filleted Accounts
31 March 2024
PRH ESTATES LTD
Registered number: 07589367
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 360,316 360,316
Investments 4 214,528 214,528
574,844 574,844
Current assets
Debtors 5 4,027 929
Cash at bank and in hand 27,145 15,989
31,172 16,918
Creditors: amounts falling due within one year 6 (379,627) (368,250)
Net current liabilities (348,455) (351,332)
Total assets less current liabilities 226,389 223,512
Creditors: amounts falling due after more than one year 7 (103,435) (112,077)
Net assets 122,954 111,435
Capital and reserves
Called up share capital 99 99
Profit and loss account 122,855 111,336
Shareholders' funds 122,954 111,435
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P G Thakrar R P Patel
Director Director
Approved by the board on 8 July 2024
PRH ESTATES LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern basis
The accounts have been prepared on a going concern basis assuming continuing financial support by the shareholders.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Investment properties are included at 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.

Tranitional exemption advantage has been taken to include fair value or revaluation as deemed cost as fair value cannot be measured reliably.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 360,316
At 31 March 2024 360,316
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 360,316
At 31 March 2023 360,316
4 Investments
Other
investments
£
Cost
At 1 April 2023 214,528
At 31 March 2024 214,528
Above investment represents 25% in a property venture.
5 Debtors 2024 2023
£ £
Other debtors 4,027 929
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Shareholders' loans 341,301 341,301
Corporation tax 2,702 2,765
Other creditors 25,624 14,184
379,627 368,250
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 103,435 112,077
8 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 63,435 72,077
Secured bank loans 113,435 122,077
The bank loan is repayable by 19 January 2032 in equal instalments.
9 Other information
PRH ESTATES LTD is a private company limited by shares and incorporated in England. Its registered office is:
Compton House
20a Selsdon Road
South Croydon
Surrey
CR2 6PA
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