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REGISTERED NUMBER: 09953759 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

PNRC LIMITED

PNRC LIMITED (REGISTERED NUMBER: 09953759)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PNRC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: Mr P Rogers
Mr J A Duggan





SECRETARY: Mr P Rogers





REGISTERED OFFICE: C/O WeWork
10 Devonshire Square
London
EC2M 4YP





REGISTERED NUMBER: 09953759 (England and Wales)





ACCOUNTANTS: Newton Magnus
Chartered Certified Accountants
Arrowsmith Court
Station Approach
Broadstone
Dorset
BH18 8AT

PNRC LIMITED (REGISTERED NUMBER: 09953759)

ABRIDGED BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 23,669
Tangible assets 5 26,185 23,841
26,185 47,510

CURRENT ASSETS
Debtors 1,229,790 605,667
Cash at bank 2,003,992 2,040,828
3,233,782 2,646,495
CREDITORS
Amounts falling due within one year (1,133,231 ) (834,583 )
NET CURRENT ASSETS 2,100,551 1,811,912
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,126,736

1,859,422

PROVISIONS FOR LIABILITIES (6,546 ) (5,961 )
NET ASSETS 2,120,190 1,853,461

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 2,120,088 1,853,359
SHAREHOLDERS' FUNDS 2,120,190 1,853,461

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 directors acknowledge their 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.

PNRC LIMITED (REGISTERED NUMBER: 09953759)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2025


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:





Mr P Rogers - Director


PNRC LIMITED (REGISTERED NUMBER: 09953759)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

PNRC 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.

Turnover
Turnover represents the value of goods and services supplied by the company during the year, excluding value added tax.

Intangible assets
Development expenditure of tech project is capitalised up to the date of project commencement. It will be amortised upon the completion of this.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

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.

PNRC LIMITED (REGISTERED NUMBER: 09953759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2024 - 46 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2024 23,669
Impairments (23,669 )
At 31 January 2025 -
NET BOOK VALUE

At 31 January 2025 -
At 31 January 2024 23,669

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2024 76,136
Additions 19,230
At 31 January 2025 95,366
DEPRECIATION
At 1 February 2024 52,295
Charge for year 16,886
At 31 January 2025 69,181
NET BOOK VALUE
At 31 January 2025 26,185
At 31 January 2024 23,841