Registered number: 4277550 | ||||||||
FOR THE YEAR ENDED 31/08/2024 | ||||||||
Prepared By: | ||||||||
Albeck Limited | ||||||||
Chartered Accountants | ||||||||
49 Mowbray Road | ||||||||
Edgware | ||||||||
Middlesex | ||||||||
HA8 8JL |
Pride Resources Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/08/2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
London | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 4277550 | ||||||||
BANKERS | ||||||||
HSBC | ||||||||
ACCOUNTANTS | ||||||||
Albeck Limited | ||||||||
Chartered Accountants | ||||||||
49 Mowbray Road | ||||||||
Edgware | ||||||||
Middlesex | ||||||||
HA8 8JL |
Pride Resources Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/08/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Pride Resources Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Cash at bank and in hand | ||||||||||
5,066 | 21,742 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | |||||||||
NET CURRENT LIABILITIES | ( | (149,565) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 5 | 415,682 | 53,474 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 1,395,853 | 1,434,517 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Pride Resources Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/08/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Change In Accounting Policy | ||||||||
In preparing the financial statements for the current year, the company has adopted the following Financial Reporting Standards: | ||||||||
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) |
1c. Depreciation | ||||||||
Fixtures and Fittings | reducing balance 25% |
1d. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with FRS102. This departure from Companies Act requirements is necessary to show a true and fair view. Deferred taxation is provided on all fair value adjustments. |
1e. Dividends On Shares Presented Within Shareholders Funds | ||||||||
Dividends unpaid at the balance sheet date are only recognised as a liability at that date to the extent that they are appropriately authorised and are no longer at the discretion of the Company Unpaid dividends that do not meet these criteria are disclosed in the notes to the financial statements. |
1f. Other Income | ||||||||
Other income represents fair value adjustment to investment properties. The corresponding provision for deferred taxation is included in the taxation line in the accounts (see note 3 to the accounts). |
Pride Resources Limited | ||||||||
2. TANGIBLE FIXED ASSETS | ||||
Fixtures | ||||
and Fittings | Total | |||
£ | £ | |||
Cost | ||||
At 01/09/2023 | 12,768 | 12,768 | ||
At 31/08/2024 | 12,768 | 12,768 | ||
Depreciation | ||||
At 01/09/2023 | 11,210 | 11,210 | ||
For the year | 520 | 520 | ||
At 31/08/2024 | 11,730 | 11,730 | ||
Net Book Amounts | ||||
At 31/08/2024 | 1,038 | |||
At 31/08/2023 | 1,558 | |||
3. INVESTMENT PROPERTIES | ||||
Investment | ||||
Properties | Total | |||
£ | £ | |||
Fair value | ||||
At 01/09/2023 | 1,866,500 | 1,866,500 | ||
Additions | 623,143 | 623,143 | ||
At 31/08/2024 | 2,489,643 | 2,489,643 | ||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | - | 4,270 | ||||||
PAYE control | 2 | - | ||||||
Other creditors | 448,548 | 165,357 | ||||||
Accruals | 5,160 | 1,680 | ||||||
453,710 | 171,307 | |||||||
Pride Resources Limited | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 8,682 | 13,474 | ||||||
Bank loans (secured) >1yr | 407,000 | 40,000 | ||||||
415,682 | 53,474 | |||||||
6. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
7. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 230,500 | 230,500 | ||||||
230,500 | 230,500 | |||||||
8. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
2 | 2 | |||||||
2 | 2 | |||||||
9. CONTROLLING PARTY | ||||||||
The company is controlled by Mr A Weinberger, the director, by virtue of the fact that, together with his spouse, he holds 100% of the company's issued and called up, voting share capital. | ||||||||
Pride Resources Limited | ||||||||
10. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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