IRIS Accounts Production v25.2.0.378 11366970 Board of Directors 1.6.24 31.5.25 31.5.25 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh113669702024-05-31113669702025-05-31113669702024-06-012025-05-31113669702023-05-31113669702023-06-012024-05-31113669702024-05-3111366970ns15:EnglandWales2024-06-012025-05-3111366970ns14:PoundSterling2024-06-012025-05-3111366970ns10:Director12024-06-012025-05-3111366970ns10:PrivateLimitedCompanyLtd2024-06-012025-05-3111366970ns10:SmallEntities2024-06-012025-05-3111366970ns10:AuditExempt-NoAccountantsReport2024-06-012025-05-3111366970ns10:SmallCompaniesRegimeForDirectorsReport2024-06-012025-05-3111366970ns10:SmallCompaniesRegimeForAccounts2024-06-012025-05-3111366970ns10:FullAccounts2024-06-012025-05-3111366970ns10:Director22024-06-012025-05-3111366970ns10:RegisteredOffice2024-06-012025-05-3111366970ns5:CurrentFinancialInstruments2025-05-3111366970ns5:CurrentFinancialInstruments2024-05-3111366970ns5:Non-currentFinancialInstruments2025-05-3111366970ns5:Non-currentFinancialInstruments2024-05-3111366970ns5:ShareCapital2025-05-3111366970ns5:ShareCapital2024-05-3111366970ns5:RetainedEarningsAccumulatedLosses2025-05-3111366970ns5:RetainedEarningsAccumulatedLosses2024-05-3111366970ns5:WithinOneYearns5:CurrentFinancialInstruments2025-05-3111366970ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-31
REGISTERED NUMBER: 11366970 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2025

for

Pra-Van Ltd

Pra-Van Ltd (Registered number: 11366970)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Pra-Van Ltd

Company Information
for the Year Ended 31 May 2025







DIRECTORS: Mrs Nileema Dipak Mehta
Mr Dipak Vanechand Mehta





REGISTERED OFFICE: Devonshire House
582 Honeypot Lane
Stanmore
MIDDLESEX
HA7 1JS





REGISTERED NUMBER: 11366970 (England and Wales)





ACCOUNTANTS: Capitax Financial Limited
Devonshire House
582 Honeypot Lane
Stanmore
MIDDLESEX
HA7 1JS

Pra-Van Ltd (Registered number: 11366970)

Statement of Financial Position
31 May 2025

31.5.25 31.5.24
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 427,212 427,212

CURRENT ASSETS
Debtors 5 94 90
Cash at bank 13,236 21,887
13,330 21,977
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

390,304

403,496
NET CURRENT LIABILITIES (376,974 ) (381,519 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,238

45,693

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

7

3,730

9,730
NET ASSETS 46,508 35,963

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 46,408 35,863
SHAREHOLDERS' FUNDS 46,508 35,963

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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

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 14 August 2025 and were signed on its behalf by:



Mr Dipak Vanechand Mehta - Director


Pra-Van Ltd (Registered number: 11366970)

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

1. STATUTORY INFORMATION

Pra-Van 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2024 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2024
and 31 May 2025 427,212
NET BOOK VALUE
At 31 May 2025 427,212
At 31 May 2024 427,212

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.25 31.5.24
£    £   
Other debtors 94 90

Pra-Van Ltd (Registered number: 11366970)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.25 31.5.24
£    £   
Trade creditors - 13
Taxation and social security 2,474 2,308
Other creditors 387,830 401,175
390,304 403,496

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.25 31.5.24
£    £   
Other creditors 3,730 9,730

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year ended 31 May 2025, Pra-Van Ltd owed £55,897 to its directors. This amount is reflected in their respective director's loan accounts in credit balances, which is shown as part of other creditors under Creditors due within one year. Please be advised that both the directors have agreed to provide this loan on an interest free basis and the loan is repayable on demand.

9. RELATED PARTY DISCLOSURES

During the year ended 31 May 2025, Pra-Van Ltd entered into a short-term loan agreement with a related company and borrowed short term loan of £330,000. The loan was provided on an interest free basis and the loan is repayable on demand. This loan is included within Creditors due within one year.