Company Registration No. 13550994 (England and Wales)
PRSS PROPERTIES LIMITED
Unaudited accounts
for the year ended 31 March 2025
PRSS PROPERTIES LIMITED
Unaudited accounts
Contents
PRSS PROPERTIES LIMITED
Company Information
for the year ended 31 March 2025
Directors
Mr Paren Manilal Shah
Mrs Rakhee Shah
Company Number
13550994 (England and Wales)
Registered Office
Azoth Solutions Ltd
Jonathan Scott Hall
Thorpe Road
Norwich
Norfolk
NR1 1UH
England
Accountants
Azoth Digital Accountants
Jonathan Scott Hall
Thorpe Road
Norwich
Norfolk
NR1 1UH
PRSS PROPERTIES LIMITED
Statement of financial position
as at 31 March 2025
Tangible assets
280,698
280,095
Cash at bank and in hand
6,018
3,212
Creditors: amounts falling due within one year
(142,398)
(146,085)
Net current liabilities
(136,751)
(141,640)
Total assets less current liabilities
143,947
138,455
Creditors: amounts falling due after more than one year
(188,250)
(188,250)
Net liabilities
(44,303)
(49,795)
Called up share capital
200
200
Profit and loss account
(44,503)
(49,995)
Shareholders' funds
(44,303)
(49,795)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by
Mr Paren Manilal Shah
Director
Company Registration No. 13550994
PRSS PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 2025
PRSS PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13550994. The registered office is Azoth Solutions Ltd, Jonathan Scott Hall, Thorpe Road, Norwich, Norfolk, NR1 1UH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% RBM
Computer equipment
33% RBM
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
276,573
3,975
461
281,009
At 31 March 2025
276,573
5,275
461
282,309
At 1 April 2024
-
666
248
914
Charge for the year
-
626
71
697
At 31 March 2025
-
1,292
319
1,611
At 31 March 2025
276,573
3,983
142
280,698
At 31 March 2024
276,573
3,309
213
280,095
Amounts falling due within one year
PRSS PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Loans from directors
142,398
146,085
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
188,250
188,250
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).