Prisa Property Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09563624

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,753,049		3,127,568

			3,753,049		3,127,568
CURRENT ASSETS
Debtors	5	4		4
Cash at bank and in hand		10,601		1,753

		10,605		1,757
Creditors: Amounts Falling Due Within One Year	6	(900 )		(808 )

NET CURRENT ASSETS (LIABILITIES)			9,705		949

TOTAL ASSETS LESS CURRENT LIABILITIES			3,762,754		3,128,517

Creditors: Amounts Falling Due After More Than One Year	7		(4,220,643 )		(3,168,671 )

NET LIABILITIES			(457,889 )		(40,154 )

CAPITAL AND RESERVES
Called up share capital	8		4		4
Revaluation reserve			(413,094 )		-
Profit and Loss Account			(44,799 )		(40,158 )

SHAREHOLDERS' FUNDS			(457,889)		(40,154)

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Prisa Property Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Sameer Patel

Director

15/08/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Prisa Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09563624 . The registered office is 1a Wellington Drive, Purley, CR8 2JS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	No depreciation
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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Prisa Property Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Investment Properties	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost or Valuation
As at 1 April 2024	3,127,567	7,655	-	3,135,222
Additions	1,035,527	2,698	1,368	1,039,593
Disposals	-	(7,655 )	-	(7,655 )
Revaluation	(413,094 )	-	-	(413,094 )

As at 31 March 2025	3,750,000	2,698	1,368	3,754,066

Depreciation
As at 1 April 2024	-	7,654	-	7,654
Provided during the period	-	675	342	1,017
Disposals	-	(7,654 )	-	(7,654 )

As at 31 March 2025	-	675	342	1,017

Net Book Value
As at 31 March 2025	3,750,000	2,023	1,026	3,753,049

As at 1 April 2024	3,127,567	1	-	3,127,568

Cost or valuation as at 31 March 2025 represented by:

	Investment Properties	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
At cost	3,750,000	2,698	1,368	3,754,066

	3,750,000	2,698	1,368	3,754,066

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	4	4

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Accruals and deferred income	900	808

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Prisa Property Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	2,660,000	1,465,279
Other loans	50,000	-
Long term Loan from the directors	1,510,643	1,703,392

	4,220,643	3,168,671

Included in other creditors, the bank loans are secured by a legal charge over the investment property owned by Prisa Property Ltd of £2,660,000 (2024: £1,465,279). Interest is payable on the principal amount of loan.

Also, included in other creditors the amount of £1,560,643 (2024: £1,703,392) due to the directors, shareholders and their family members as at the year end.The loan is unsecured, interest free and repayable on demand.This loan is subordinated to other loans or creditors.

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	4	4

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