REGISTERED NUMBER: 01860479 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

PRAS GOTH LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

625,000

600,000

625,000

600,000

CURRENT ASSETS

Stocks

3,925

430

Debtors

6

14,797

12,682

Cash at bank

4,028

6,886

22,750

19,998

CREDITORS

Amounts falling due within one year

7

7,156

7,988

NET CURRENT ASSETS

15,594

12,010

TOTAL ASSETS LESS CURRENT LIABILITIES

640,594

612,010

PROVISIONS FOR LIABILITIES

124,674

118,440

NET ASSETS

515,920

493,570

CAPITAL AND RESERVES

Called up share capital

8,200

8,200

Fair value reserve

8

417,465

398,715

Retained earnings

8

90,255

86,655

SHAREHOLDERS' FUNDS

515,920

493,570

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 April 2026 and were signed on its behalf by:

Mrs D J Stevens - Director

1.	STATUTORY INFORMATION

Pras Goth Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01860479

Registered office:

The Old School

The Stennack

St Ives

Cornwall

TR26 1QU

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

and 31 July 2025

3,245

DEPRECIATION

At 1 August 2024

and 31 July 2025

3,245

NET BOOK VALUE

At 31 July 2025

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

600,000

Revaluations

25,000

At 31 July 2025

625,000

NET BOOK VALUE

At 31 July 2025

625,000

At 31 July 2024

600,000

Fair value at 31 July 2025 is represented by:

£

Valuation in 1998

23,186

Valuation in 2013

264,648

Valuation in 2018

29,305

Valuation in 2021

100,000

Valuation in 2023

100,000

Valuation in 2025

25,000

Cost

82,861

625,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

82,861

82,861

Investment property was valued on an open market basis on 31 July 2021 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,571

7,458

Other debtors

8,226

5,224

14,797

12,682

The overdrawn Director's Current account was repaid within 9 months of the year end.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

270

2,536

Taxation and social security

3,538

2,106

Other creditors

3,348

3,346

7,156

7,988

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 August 2024

86,655

398,715

485,370

Profit for the year

27,352

27,352

Dividends

(5,002

)

(5,002

)

Fair value transfer

(18,750

)

18,750

-

At 31 July 2025

90,255

417,465

507,720

The fair value reserve is a non distributable reserve.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D C Stevens and Mrs D J Stevens.