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Registration number: 07583822

PGRO Research Limited

Filleted Financial Statements

for the Year Ended 31 December 2024

 

PGRO Research Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

PGRO Research Limited

Company Information

Directors

S Bumstead

S J Francis

Company secretary

R G Vickers

Registered office

Great North Road
Thornhaugh
Peterborough
PE8 6HJ

 

PGRO Research Limited

(Registration number: 07583822)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

269,933

199,206

Cash at bank and in hand

 

205,498

390,984

 

475,431

590,190

Creditors: Amounts falling due within one year

5

(475,430)

(590,189)

Net assets

 

1

1

Capital and reserves

 

Called up share capital

6

1

1

Shareholders' funds

 

1

1

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 June 2025 and signed on its behalf by:
 

.........................................
S J Francis
Director

 

PGRO Research Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1

General information

The Company is a private company limited by share capital, incorporated in England and Wales and the company registration number is 00961607.

The address of its registered office is:
Great North Road
Thornhaugh
Peterborough
PE8 6HJ
United Kingdom

These financial statements cover the individual entity, PGRO Research Limited.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 including Section 1A 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 3 June 2025 was Adam Millson, who signed for and on behalf of Forrester Boyd Robson Limited.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

PGRO Research Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company during the year, was 2 (2023 - 2).

4

Debtors

Current

2024
£

2023
£

Trade debtors

113,563

46,100

Prepayments

14,870

-

Other debtors

7,601

12,544

Amounts due from related parties

133,899

140,562

 

269,933

199,206

 

PGRO Research Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to Company undertakings and undertakings in which the Company has a participating interest

7

464,814

586,939

Taxation and social security

 

7,366

-

Accruals and deferred income

 

3,250

3,250

 

475,430

590,189

 

PGRO Research Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

7

Related party transactions

PGRO Research Limited has taken advantage of the exemption available in FRS 102 paragraph 33.1A from disclosing transactions with the parent Charity, Processors & Growers Research Organisation.

8

Relationship between entity and parents

The parent of the largest group in which these financial statements are consolidated is Processors & Growers Research Organisation, incorporated in England & Wales.

The address of Processors & Growers Research Organisation is:
The Research Station,
Great North Road,
Thornhaugh,
Peterborough,
PE8 6HJ

The results of PGRO Research Limited are consolidated in to the accounts of Processors & Growers Research Organisation.