Accounts



















	PRLY LTD



	UNAUDITED ABRIDGED FINANCIAL STATEMENTS


	FOR THE YEAR ENDED 31 DECEMBER 2024

	PRLY LTD
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024


	DIRECTORS

	E Malone
	J Wheeler
	W P Smith ( U.S.A. )




	REGISTERED OFFICE

	33 Seaford Road London W13 9HP


	COMPANY REGISTERED NUMBER

	13195785


	BANKERS

	Revolut





	ACCOUNTANTS

	P B Genender & Co.
	Chartered Certified Accountants
	Highridge House 235 The Ridgeway Enfield Middlesex EN2 8AD


	Page 1

	PRLY LTD
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024


	CONTENTS

	Pages

	3	Abridged Statement of Financial Position

	4-5	Notes to the Financial Statements


	Page 2

PRLY LTD
Company Registered Number: 13195785
ABRIDGED STATEMENT OF FINANCIAL POSITION AT 31 December 2024

	Note	2024		2023
		£	£	£

CURRENT ASSETS
Debtors		1,696		39,154
Cash at bank		949		554
		2,645		39,708
CREDITORS: Amounts falling due within one year	3	3,310		3,250
NET CURRENT (LIABILITIES)/ASSETS			(665)	36,458
TOTAL ASSETS LESS CURRENT LIABILITIES			(665)	36,458

CREDITORS: Amounts falling due after more than one year	4		(2,500)	-
NET (LIABILITIES)/ASSETS			(£3,165)	£36,458
CAPITAL AND RESERVES
Called up Share Capital			1,193	1,193
Share Premium Account			314,565	314,565
Retained Earnings			(318,923)	(279,300)
SHAREHOLDERS' FUNDS			(£3,165)	£36,458

	In approving these financial statements as Directors of the company we hereby confirm the following:

	For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

	The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with section 476 of the Companies Act 2006.

	The Directors acknowledge their responsibilities for: 1) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.



	These financial statements have been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies

	All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2024 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 and authorised for issue by the Board of Directors on 28 August 2025

	Signed on behalf of the Board of Directors



	E Malone, Director


	Page 3

	PRLY LTD
	NOTES TO THE ACCOUNTS
	FOR THE YEAR ENDED 31 DECEMBER 2024



1.	SIGNIFICANT ACCOUNTING POLICIES


1a.	Statement of compliance

	PRLY Limited is a Limited Company incorporated in England & Wales .

	Registered office:
	33 Seaford Road London W13 9HP

	Basis of accounting

	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" and the Companies Act 2006.
	The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.


1c.	Revenue recognition

	Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.


1d.	Short term debtors and creditors

	Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.


1e.	Leased assets

	Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.


1f.	Employee benefits

	The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.


	Page 4

	PRLY LTD
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 DECEMBER 2024



1.	SIGNIFICANT ACCOUNTING POLICIES (CONT.)


1g.	Provisions

	Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.



2.	DIRECTORS AND EMPLOYEES

	The average weekly number of employees during the year were as follows:
		2024	2023
		No.	No.
	Management and Administration	3	3



3.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2024	2023
		£	£
	Accruals and deferred income	3,310	3,250
		£3,310	£3,250



4.	CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
		2024	2023
		£	£
	Other Creditors	2,500	-
		£2,500	£-

	This is an interest free Loan repayable 10 Years from 28 November 2024


	Page 5