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Registered number: 07723853









PRINHOLD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 5 APRIL 2024

 
PRINHOLD LIMITED
REGISTERED NUMBER: 07723853

BALANCE SHEET
AS AT 5 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
500
500

  
500
500

Current assets
  

Debtors: amounts falling due within one year
 6 
18,946,133
19,236,226

Cash at bank and in hand
 7 
7,169,752
7,495,908

  
26,115,885
26,732,134

Creditors: amounts falling due within one year
 8 
(20,956,278)
(21,276,506)

Net current assets
  
 
 
5,159,607
 
 
5,455,628

Total assets less current liabilities
  
5,160,107
5,456,128

Creditors: amounts falling due after more than one year
 9 
(30,325)
(35,574)

  

Net assets
  
5,129,782
5,420,554


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
5,129,781
5,420,553

  
5,129,782
5,420,554


Page 1

 
PRINHOLD LIMITED
REGISTERED NUMBER: 07723853
    
BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 January 2025.




Jonathan Beck
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PRINHOLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1.


General information

Prinhold Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is First Floor, Radius House, 51 Clarendon Road, Watford, WD17 1HP. 
The company's principal activity is the rental of properties. 
The financial statements are presented in sterling which is the functional currency of the company and
rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
PRINHOLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
PRINHOLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 6 April 2023
7,326



At 5 April 2024

7,326



Depreciation


At 6 April 2023
7,326



At 5 April 2024

7,326



Net book value



At 5 April 2024
-



At 5 April 2023
-


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 6 April 2023
500



At 5 April 2024
500




Page 5

 
PRINHOLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

6.


Debtors

2024
2023
£
£


Other debtors
18,881,513
19,192,530

Prepayments and accrued income
64,620
43,696

18,946,133
19,236,226



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
7,169,752
7,495,908

7,169,752
7,495,908



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,130
5,130

Corporation tax
181,091
77,166

Other creditors
20,765,797
21,189,950

Accruals and deferred income
4,260
4,260

20,956,278
21,276,506



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
30,325
35,574

30,325
35,574


Page 6

 
PRINHOLD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,130
5,130


5,130
5,130

Amounts falling due 1-2 years

Bank loans
5,130
5,130


5,130
5,130

Amounts falling due 2-5 years

Bank loans
15,391
15,391


15,391
15,391

Amounts falling due after more than 5 years

Bank loans
9,803
15,052

9,803
15,052

35,454
40,703



11.


Related party transactions

At the year end the company was owed £17,197,750 by related parties (2023: £16,936,608).

 
Page 7