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Company Registration No. 14810007 (England and Wales)
PRN Investments Limited Filleted Accounts for the year ended 30 April 2025
PRN Investments Limited Filleted Accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PRN Investments Limited Company Information for the year ended 30 April 2025
Directors
Purna Chandra Giri Raj Kumar Gurung
Secretary
None appointed
Company Number
14810007 (England and Wales)
Registered Office
Empire Banqueting & Hall High Street Aldershot Hampshire GU11 1DJ England
Accountants
Fishtail Accounting Services 28 Alexandra Road Farnborough Surrey GU14 6DA
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PRN Investments Limited Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
6,750,000
-
Current assets
Debtors
5
391
391
Cash at bank and in hand
7,289
1,612
7,680
2,003
Creditors: amounts falling due within one year
6
(5,332,616)
(362)
Net current (liabilities)/assets
(5,324,936)
1,641
Total assets less current liabilities
1,425,064
1,641
Creditors: amounts falling due after more than one year
7
(1,470,761)
-
Net (liabilities)/assets
(45,697)
1,641
Capital and reserves
Called up share capital
100
100
Profit and loss account
(45,797)
1,541
Shareholders' funds
(45,697)
1,641
For the year ending 30 April 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 April 2026 and were signed on its behalf by
Purna Chandra Giri Director Company Registration No. 14810007
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PRN Investments Limited Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
PRN Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 14810007. The registered office is Empire Banqueting & Hall, High Street, Aldershot, Hampshire, GU11 1DJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The going concern basis has been applied having regard to confirmation received from the director that finance will be made available for the foreseeable future.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2025
£
Additions
6,750,000
At 30 April 2025
6,750,000
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PRN Investments Limited Notes to the Accounts for the year ended 30 April 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
391
391
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
4,800,000
-
Taxes and social security
-
362
Other creditors
532,616
-
5,332,616
362
Bridging finance from MFS: £4,800,000 Loan from Iwoca: £2,217.52 Business loan: £355,399 Payable agreed to L & C: £175,000
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
1,470,761
-
Intercompany loan payable to PRB: £1,438,900 This loan is governed by an intercompany loan agreement and is repayable on demand with no fixed repayment terms, although not expected to be repaid within the next 12 months. Aldermore: £31,861.08
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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