ProWebCraft Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14303873

PROWEBCRAFT LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2024

PROWEBCRAFT LTD

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024	2023
Note	£	£

Current Assets

Debtors	5	71,094.11	791,328.28
Cash at bank and in hand		179,491.11	114,964.76
		-------------	-------------
		250,585.22	906,293.04

Creditors: amounts falling due within one year	6	190,638.86	910,375.97
		-------------	-------------
Net Current Assets/(Liabilities)		59,946.36	( 4,082.93)
		------------	-----------
Total Assets Less Current Liabilities		59,946.36	( 4,082.93)

Creditors: amounts falling due after more than one year	7	1,688,999.88	998,999.88
		----------------	---------------
Net Liabilities		( 1,629,053.52)	( 1,003,082.81)
		----------------	---------------

PROWEBCRAFT LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

	2024	2023
Note	£	£

Capital and Reserves

Called up share capital	0.01	0.01
Profit and loss account	( 1,629,053.53)	( 1,003,082.82)
	----------------	---------------
Shareholders Deficit	( 1,629,053.52)	( 1,003,082.81)
	----------------	---------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

D Baitanciuc

Director

Company registration number: 14303873

PROWEBCRAFT LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 71-75, Shelton Street, Covent Garden, London, WC2H 9JQ, England.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going Concern

The financial statements have been prepared on a going concern basis which is only appropriate if the company is able to continue trading. The directors consider that, with their support and the support of group companies, the company will be able to continue trading.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Foreign Currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 6 (2023: 6 ).

5. Debtors

	2024	2023
	£	£
Trade debtors	27,767.47	6,804.33
Amounts owed by group undertakings and undertakings in which the company has a participating interest	–	755,706.64
Other debtors	43,326.64	28,817.31
	------------	-------------
	71,094.11	791,328.28
	------------	-------------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	15,493.13	1,998.53
Amounts owed to group undertakings	–	755,706.64
Social security and other taxes	112.76	3,585.32
Other creditors	175,032.97	149,085.48
	-------------	-------------
	190,638.86	910,375.97
	-------------	-------------

7. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Amounts owed to group undertakings	1,688,999.88	998,999.88
	----------------	-------------

8. Controlling Party

ProWebCraft Ltd is a wholly owned subsidiary of ProWebGroup Ltd.