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REGISTERED NUMBER: 07499752 (England and Wales)















Report of the Director and

Financial Statements for the Year Ended 31 January 2025

for

Prudent Property Ltd

Prudent Property Ltd (Registered number: 07499752)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Prudent Property Ltd

Company Information
for the Year Ended 31 January 2025







DIRECTOR: D Mowatt





REGISTERED OFFICE: 57a Freshfield Road
Formby
Liverpool
Merseyside
L37 3HL





REGISTERED NUMBER: 07499752 (England and Wales)





ACCOUNTANTS: M P Greaves Limited
Chartered Certified Accountants
74 Marmot Road
Liverpool
Merseyside
L37 6GB

Prudent Property Ltd (Registered number: 07499752)

Report of the Director
for the Year Ended 31 January 2025

The director presents his report with the financial statements of the company for the year ended 31 January 2025.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of property management and rental.

DIRECTOR
D Mowatt held office during the whole of the period from 1 February 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D Mowatt - Director


3 April 2025

Prudent Property Ltd (Registered number: 07499752)

Income Statement
for the Year Ended 31 January 2025

31.1.25 31.1.24
Notes £    £   

TURNOVER 20,109 22,940

Administrative expenses 7,799 7,580
OPERATING PROFIT 4 12,310 15,360


Interest payable and similar expenses 12,102 9,621
PROFIT BEFORE TAXATION 208 5,739

Tax on profit 52 44
PROFIT FOR THE FINANCIAL YEAR 156 5,695

Prudent Property Ltd (Registered number: 07499752)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 265,190 265,254

CURRENT ASSETS
Debtors 6 5,302 -
Cash at bank 31,018 14,878
36,320 14,878
CREDITORS
Amounts falling due within one year 7 73,830 50,392
NET CURRENT LIABILITIES (37,510 ) (35,514 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,680

229,740

CREDITORS
Amounts falling due after more than one
year

8

136,863

139,106
NET ASSETS 90,817 90,634

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 90,717 90,534
SHAREHOLDERS' FUNDS 90,817 90,634

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 3 April 2025 and were signed by:




D Mowatt - Director


Prudent Property Ltd (Registered number: 07499752)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Prudent Property Ltd 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.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance

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 1 (2024 - 1 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.1.25 31.1.24
£    £   
Depreciation - owned assets 64 85

Prudent Property Ltd (Registered number: 07499752)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 February 2024
and 31 January 2025 265,000 1,006 266,006
DEPRECIATION
At 1 February 2024 - 752 752
Charge for year - 64 64
At 31 January 2025 - 816 816
NET BOOK VALUE
At 31 January 2025 265,000 190 265,190
At 31 January 2024 265,000 254 265,254

Cost or valuation at 31 January 2025 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2018 68,289 - 68,289
Valuation in 2021 5,000 - 5,000
Valuation in 2023 20,000 - 20,000
Cost 171,711 1,006 172,717
265,000 1,006 266,006

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.1.25 31.1.24
£    £   
Cost 171,711 171,711

Freehold land and buildings were valued on an open market basis on 31 January 2025 by Mr D Mowatt, Director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Other debtors 5,302 -

Prudent Property Ltd (Registered number: 07499752)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 2,815 3,385
Payments on account 525 525
Taxation and social security 52 44
Other creditors 70,438 46,438
73,830 50,392

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Bank loans 136,863 139,106

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 125,605 125,565

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25 31.1.24
£    £   
D Mowatt
Balance outstanding at start of year - -
Amounts advanced 5,302 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,302 -