Registered number
15158801
PROLIFE FOODS UK LIMITED
Filleted Accounts
31 March 2024
PROLIFE FOODS UK LIMITED
Registered number: 15158801
Balance Sheet
as at 31 March 2024
Notes 2024
£
Current assets
Debtors 4 100
Creditors: amounts falling due within one year 5 (10,590)
Net current liabilities (10,490)
Net liabilities (10,490)
Capital and reserves
Called up share capital 100
Profit and loss account (10,590)
Shareholder's funds (10,490)
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.
Mr H G King Mr A M Smith
Director Director
Approved by the board on 6 March 2025
PROLIFE FOODS UK LIMITED
Notes to the Accounts
for the period from 23 September 2023 to 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).
Turnover
The company had no turnover in the period.
Going Concern
The accounts have been prepared on a going concern basis which the directors believe is appropriate even though the company had no income, made a loss in the period and had a net liabilities position at the year end. The directors are confident that the company will trade in due course and a group entity has pledged to support it financially until it is in a position to support itself.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: Panicos Soteriou
Firm: Soteriou Christou Ltd
Date of audit report: 21 March 2025
3 Employees 2024
Number
Average number of persons employed by the company 0
4 Debtors 2024
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest 100
5 Creditors: amounts falling due within one year 2024
£
Bank loans and overdrafts 95
Other creditors 10,495
10,590
6 Controlling party
The company's controlling party and registered shareholder is Prolife Ventures Ltd, a company registered in New Zealand.
7 Other information
PROLIFE FOODS UK LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
6A Dickensons Place
London
SE25 5HL
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