PRM (SHAWBURY) HOLDINGS LIMITED
Company registration number 15216765 (England and Wales)
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
PRM (SHAWBURY) HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
PRM (SHAWBURY) HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
Notes
£
£
Fixed assets
Tangible assets
3
101,015
Investments
4
1,212,286
1,313,301
Current assets
Debtors
5
319
Cash at bank and in hand
58,940
59,259
Creditors: amounts falling due within one year
6
(254,839)
Net current liabilities
(195,580)
Total assets less current liabilities
1,117,721
Creditors: amounts falling due after more than one year
7
(610,295)
Net assets
507,426
Capital and reserves
Called up share capital
8
100
Profit and loss reserves
507,326
Total equity
507,426

For the financial period ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 July 2025 and are signed on its behalf by:
Mr P R Morris
Director
Company registration number 15216765 (England and Wales)
PRM (SHAWBURY) HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information

PRM (Shawbury) Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Brassey Road, Old Potts Way, Shrewsbury, Shropshire, SY3 7FA.

1.1
Reporting period

The financial statements have been prepared to cover the first period of trading as a limited company.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Not depreciated

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

PRM (SHAWBURY) HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

1.10
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
2
3
Tangible fixed assets
Land and buildings
£
Cost
At 17 October 2023
-
0
Additions
101,015
At 31 October 2024
101,015
Depreciation and impairment
At 17 October 2023 and 31 October 2024
-
0
Carrying amount
At 31 October 2024
101,015
PRM (SHAWBURY) HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2024
- 4 -
4
Fixed asset investments
2024
£
Shares in group undertakings and participating interests
1,212,286
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 17 October 2023
-
Additions
1,212,286
At 31 October 2024
1,212,286
Carrying amount
At 31 October 2024
1,212,286
5
Debtors
2024
Amounts falling due within one year:
£
Other debtors
319
6
Creditors: amounts falling due within one year
2024
£
Other creditors
254,839

The bank loan are secured by fixed and floating charges over the assets of the company.

7
Creditors: amounts falling due after more than one year
2024
£
Bank loans and overdrafts
610,295
8
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
100
100
2024-10-312023-10-17falsefalsefalse11 July 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr P R MorrisMrs L Wycherley152167652023-10-172024-10-31152167652024-10-3115216765core:LandBuildings2024-10-3115216765core:CurrentFinancialInstrumentscore:WithinOneYear2024-10-3115216765core:Non-currentFinancialInstrumentscore:AfterOneYear2024-10-3115216765core:ShareCapital2024-10-3115216765core:RetainedEarningsAccumulatedLosses2024-10-3115216765core:ShareCapitalOrdinaryShareClass12024-10-3115216765bus:Director12023-10-172024-10-3115216765core:LandBuildingscore:OwnedOrFreeholdAssets2023-10-172024-10-3115216765core:LandBuildings2023-10-1615216765core:LandBuildings2023-10-172024-10-3115216765core:WithinOneYear2024-10-3115216765core:CurrentFinancialInstruments2024-10-3115216765core:Non-currentFinancialInstruments2024-10-3115216765bus:OrdinaryShareClass12023-10-172024-10-3115216765bus:OrdinaryShareClass12024-10-3115216765bus:PrivateLimitedCompanyLtd2023-10-172024-10-3115216765bus:SmallCompaniesRegimeForAccounts2023-10-172024-10-3115216765bus:FRS1022023-10-172024-10-3115216765bus:AuditExemptWithAccountantsReport2023-10-172024-10-3115216765bus:Director22023-10-172024-10-3115216765bus:FullAccounts2023-10-172024-10-31xbrli:purexbrli:sharesiso4217:GBP