Registration number: 03412544

Prolem Limited

Contents

Company Information	1
Accountants' Report	2
Statement of Financial Position	3 to 4
Notes to the Unaudited Financial Statements	5 to 9

Prolem Limited

Company Information

Director

J C Sutton

Registered office

1 Huntleys Park Tunbridge Wells Kent TN4 9TD

Accountants

Innovi Advisors Ltd Chartered Certified Accountants163 Herne Hill London SE24 9LR

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Prolem Limited
for the Year Ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Prolem Limited for the year ended 31 October 2025 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Prolem Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Prolem Limited and state those matters that we have agreed to state to the Board of Directors of Prolem Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prolem Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Prolem Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Prolem Limited. You consider that Prolem Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Prolem Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Innovi Advisors Ltd
Chartered Certified Accountants
163 Herne Hill
London
SE24 9LR

15 July 2026

Prolem Limited

(Registration number: 03412544)
Statement of Financial Position as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,994	2,658
Investment property	5	1,513,993	1,500,000
		1,515,987	1,502,658
Current assets
Debtors	6	616	136
Cash at bank and in hand		921	3,150
		1,537	3,286
Creditors: Amounts falling due within one year	7	(661,707)	(646,400)
Net current liabilities		(660,170)	(643,114)
Total assets less current liabilities		855,817	859,544
Provisions for liabilities		(179,674)	(165,836)
Net assets		676,143	693,708
Capital and reserves
Called up share capital		245,000	245,000
Revaluation reserve		558,172	572,009
Retained earnings		(127,029)	(123,301)
Shareholders' funds		676,143	693,708

Prolem Limited

(Registration number: 03412544)
Statement of Financial Position as at 31 October 2025 (continued)

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 15 July 2026
 

J C Sutton Director

Prolem Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Huntleys Park
Tunbridge Wells
Kent
TN4 9TD

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	25% Reducing Balance Method
Office equipment	25% Reducing Balance Method

Investment property

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

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change
attributable to an item of income or expense recognised as other comprehensive income is also
recognised directly in other comprehensive income.

Prolem Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2	Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits
reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will
be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively
enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.
 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Prolem Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

4	Tangible assets

	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 November 2024	13,609	2,633	16,242
At 31 October 2025	13,609	2,633	16,242
Depreciation
At 1 November 2024	13,529	55	13,584
Charge for the year	20	644	664
At 31 October 2025	13,549	699	14,248
Carrying amount
At 31 October 2025	60	1,934	1,994
At 31 October 2024	80	2,578	2,658

5	Investment properties

	2025 £
At 1 November 2024	1,500,000
Additions	13,993
At 31 October 2025	1,513,993

 

Prolem Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

5	Investment properties (continued)

Investment properties were valued on a review basis by the director.

In line with the provisions of FRS 102 Section 16 (and the provisions of FRS 102 Section 1A) relating to investment property, the investment property is shown at a market value as estimated by the director.

Revaluations are shown through the Income Statement and deferred tax is calculated on these as appropriate. Any unrealised gains/losses on the revaluation of property are shown in a non-distributable reserve on the Statement of Financial Position.

Fair value at 31 October 2025 is represented by:

Valuation in 2003 - £23,009
Valuation in 2008 - £25,000
Valuation in 2010 - £44,193
Valuation in 2013 - £50,000
Valuation in 2015 - £50,000
Valuation in 2019 - £50,000
Valuation in 2020 - £50,000
Valuation in 2021 - £215,578
Valuation in 2024 - £230,065
Cost - £776,148
Total - £1,513,993

If the investment properties had not been revalued they would have been included at the historical cost 2025 £776,148 (2024: £762,155).

The investment properties were valued on an open market basis on 31 October 2025 by the director.
 

6

Debtors

Current	2025 £	2024 £
Other debtors	616	136
	616	136

Prolem Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	3,465	9
Accruals and deferred income	775	725
Other creditors	657,467	645,666
	661,707	646,400