IRIS Accounts Production v24.3.2.46 02606372 director 1.1.24 31.12.24 31.12.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh026063722023-12-31026063722024-12-31026063722024-01-012024-12-31026063722022-12-31026063722023-01-012023-12-31026063722023-12-3102606372ns15:EnglandWales2024-01-012024-12-3102606372ns14:PoundSterling2024-01-012024-12-3102606372ns10:Director12024-01-012024-12-3102606372ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3102606372ns10:SmallEntities2024-01-012024-12-3102606372ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3102606372ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3102606372ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3102606372ns10:FullAccounts2024-01-012024-12-3102606372ns10:CompanySecretary12024-01-012024-12-3102606372ns10:RegisteredOffice2024-01-012024-12-3102606372ns5:CurrentFinancialInstruments2024-12-3102606372ns5:CurrentFinancialInstruments2023-12-3102606372ns5:ShareCapital2024-12-3102606372ns5:ShareCapital2023-12-3102606372ns5:FurtherSpecificReserve3ComponentTotalEquity2024-12-3102606372ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3102606372ns5:RetainedEarningsAccumulatedLosses2024-12-3102606372ns5:RetainedEarningsAccumulatedLosses2023-12-3102606372ns5:FurnitureFittings2024-01-012024-12-3102606372ns5:FurnitureFittings2023-12-3102606372ns5:FurnitureFittings2024-12-3102606372ns5:FurnitureFittings2023-12-3102606372ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3102606372ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3102606372ns5:RetainedEarningsAccumulatedLosses2023-12-3102606372ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3102606372ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-31
REGISTERED NUMBER: 02606372 (England and Wales)















P & R HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






P & R HOLDINGS LIMITED (REGISTERED NUMBER: 02606372)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


P & R HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Ms P Bossi





SECRETARY: D Pini





REGISTERED OFFICE: C/o Pini Franco LLP
22-24 Ely Place
London
EC1N 6TE





REGISTERED NUMBER: 02606372 (England and Wales)





ACCOUNTANTS: William Hinton Limited
Chartered Accountants
Ross House
The Square
Stow On The Wold
Gloucestershire
GL54 1AF

P & R HOLDINGS LIMITED (REGISTERED NUMBER: 02606372)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6 6
Investment property 5 1,061,550 1,061,550
1,061,556 1,061,556

CURRENT ASSETS
Debtors 6 2,844 9,934
Cash at bank 15,698 23,546
18,542 33,480
CREDITORS
Amounts falling due within one year 7 75,445 36,967
NET CURRENT LIABILITIES (56,903 ) (3,487 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,004,653

1,058,069

PROVISIONS FOR LIABILITIES 140,790 140,790
NET ASSETS 863,863 917,279

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 8 791,900 791,900
Retained earnings 8 70,963 124,379
SHAREHOLDERS' FUNDS 863,863 917,279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

P & R HOLDINGS LIMITED (REGISTERED NUMBER: 02606372)

BALANCE SHEET - continued
31 DECEMBER 2024


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 director and authorised for issue on 6 March 2025 and were signed by:





Ms P Bossi - Director


P & R HOLDINGS LIMITED (REGISTERED NUMBER: 02606372)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

P & R Holdings 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

P & R HOLDINGS LIMITED (REGISTERED NUMBER: 02606372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024
and 31 December 2024 24,622
DEPRECIATION
At 1 January 2024
and 31 December 2024 24,616
NET BOOK VALUE
At 31 December 2024 6
At 31 December 2023 6

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 1,061,550
NET BOOK VALUE
At 31 December 2024 1,061,550
At 31 December 2023 1,061,550

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2015 4,640,000
Valuation in 2016 301,000
Valuation in 2017 (59,500 )
Valuation in 2018 (38,000 )
Valuation in 2019 (44,200 )
Valuation in 2020 (1,749,300 )
Valuation in 2021 (510,000 )
Valuation in 2022 (1,490,000 )
Valuation in 2023 11,550
1,061,550

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,844 9,934

P & R HOLDINGS LIMITED (REGISTERED NUMBER: 02606372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 75,445 36,967

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

At 1 January 2024 124,379 791,900 916,279
Deficit for the year (53,416 ) (53,416 )
At 31 December 2024 70,963 791,900 862,863

9. ULTIMATE CONTROLLING PARTY

The controlling party is Ms P Bossi.