REGISTERED NUMBER: 03494223 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

POLICE RESOURCES INTERNATIONAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D A Gollop

REGISTERED OFFICE:

1 Fair Oak Court

Clyst Honiton

Exeter

Devon

EX5 2BB

REGISTERED NUMBER:

03494223 (England and Wales)

ACCOUNTANTS:

Gravita Western Limited

Keble House

Southernhay Gardens

Exeter

Devon

EX1 1NT

FIXED ASSETS

Tangible assets

4

482,887

493,074

CURRENT ASSETS

Stocks

367,934

487,234

Debtors

5

4,281,181

3,539,928

Cash at bank and in hand

2,285,838

3,118,884

6,934,953

7,146,046

CREDITORS

Amounts falling due within one year

6

(509,411

)

(940,705

)

NET CURRENT ASSETS

6,425,542

6,205,341

TOTAL ASSETS LESS CURRENT LIABILITIES

6,908,429

6,698,415

CREDITORS

Amounts falling due after more than one year

7

-

(27,197

)

PROVISIONS FOR LIABILITIES

(10,327

)

-

NET ASSETS

6,898,102

6,671,218

CAPITAL AND RESERVES

Called up share capital

1,250

1,250

Share premium

16,000

16,000

Freehold Property Revaluation

Reserve

342,580

355,659

Retained earnings

6,538,272

6,298,309

SHAREHOLDERS' FUNDS

6,898,102

6,671,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2025 and were signed by:

D A Gollop - Director

1.	COMPANY INFORMATION

Police Resources International Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The company's principal activities and nature of its operations are disclosed in the Directors' Report.

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 as modified by the revaluation of certain assets.

Going concern

The directors have considered the appropriateness of the going concern basis in preparing these financial statements.

While the company is solvent and has sufficient resources to meet its liabilities as they fall due, the directors intend to submit the company for liquidation and licenced insolvency practitioners will be appointed during the month in which these financial statements are dated.

Therefore, the going concern basis is not appropriate and the financial statements have been prepared on a basis other than going concern. This basis includes valuing assets at their estimated net realisable value.

Long-term liabilities have been reclassified as current where it is expected that the liquidation timetable will require their settlement within the next 12 months.

The cost of the liquidation has not been provided for as these are not yet committed.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures, fittings & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Land and buildings are initially recognised at cost. Freehold land is subsequently carried at the revalued amount less accumulated impairment losses. Buildings and leasehold land are subsequently carried at the revalued amounts less accumulated depreciation and accumulated impairment losses.

Increases in carrying amounts arising from revaluation are recognised in the freehold property revaluation reserve, unless they offset previous decreases in the carrying amounts of the same asset, in which case they are recognised in profit or loss. Decreases in carrying amounts that offset previous increases of the same asset are recognised against the freehold property revaluation reserve. All other decreases in carrying amounts are recognised as a loss in the the statement of comprehensive income.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

Freehold

fittings

Motor

property

& equipment

vehicles

Totals

£

£

£

£

COST OR VALUATION

At 1 May 2024

495,000

43,590

14,542

553,132

Additions

-

1,334

-

1,334

At 30 April 2025

495,000

44,924

14,542

554,466

DEPRECIATION

At 1 May 2024

8,250

38,085

13,723

60,058

Charge for year

9,900

1,416

205

11,521

At 30 April 2025

18,150

39,501

13,928

71,579

NET BOOK VALUE

At 30 April 2025

476,850

5,423

614

482,887

At 30 April 2024

486,750

5,505

819

493,074

Cost or valuation at 30 April 2025 is represented by:

Fixtures,

Freehold

fittings

Motor

property

& equipment

vehicles

Totals

£

£

£

£

Valuation in 2007

111,417

-

-

111,417

Valuation in 2017

20,000

-

-

20,000

Valuation in 2019

(20,000

)

-

-

(20,000

)

Valuation in 2023

95,000

-

-

95,000

Cost

288,583

44,924

14,542

348,049

495,000

44,924

14,542

554,466

The land and buildings were revalued at market value by Stratton Creber Commercial on 23 June 2023 to £495,000.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

539,362

33,081

Amounts owed by associates

3,473,181

3,473,181

Other debtors

268,638

33,666

4,281,181

3,539,928

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

27,084

250,819

Payments on account

-

42,894

Trade creditors

22,728

21,814

Amounts owed to associates

25,303

25,303

Taxation and social security

424,609

579,839

Other creditors

9,687

20,036

509,411

940,705

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

27,197

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

27,084

278,016

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

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

£

D A Gollop

Balance outstanding at start of year

2,746

181,685

Amounts advanced

352,348

12,061

Amounts repaid

(122,473

)

(191,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

232,621

2,746

The loan has had interest charged at the official rate and is repayable on demand.

10.	RELATED PARTY DISCLOSURES

Related entities

Included in other debtors (amounts falling due within one year) are loans made to limited companies in which Mr D Gollop is a director.

At the balance sheet date the outstanding loan balances amounted to £3,447,878 (2024: £3,447,878).

The loans are interest free and repayable on demand.