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Registered number: 07846990
PRYVEST LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2025
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PRYVEST LIMITED
REGISTERED NUMBER: 07846990
BALANCE SHEET
AS AT 31 DECEMBER 2025
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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Nicholas James Fallows
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The notes on pages 3 to 5 form part of these financial statements.
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PRYVEST LIMITED
REGISTERED NUMBER: 07846990
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
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PRYVEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Pryvest Limited (the 'Company') is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 07846990). The registered office address is 25 Hanover Square, London, W1S 1JF.
The principal activity of the Company is to preserve and grow the assets under management on behalf of the shareholders.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The financial statements have been prepared on a going concern basis. The Company generated a profit after tax of £1,678,026 during the year and had net liabilities of £19,399,736 at 31 December 2025. The directors have prepared forecasts and cash flow projections which indicate that the Company will be able to meet its obligations as they fall due for a period of at least twelve months from the date of approval of these financial statements.
The Company is supported by its shareholder which has confirmed that amounts due to it will not be demanded for repayment for a period of at least twelve months from the date of approval of these financial statements.
Accordingly, the directors have concluded that it is appropriate to prepare the financial statements on the going concern basis.
Interest income is recognised in profit or loss using the effective interest method.
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PRYVEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Bond investments comprise debt securities held for investment purposes. Bond investments are initially recognised at transaction price, including directly attributable acquisition costs where appropriate.
Subsequently, bond investments are measured at fair value at each reporting date, with gains and losses arising from changes in fair value recognised in profit or loss. Fair value is determined using available market quotations where an active market exists. Where quoted market prices are unavailable, fair value is determined using appropriate valuation techniques, including discounted cash flow models, recent arm's length transactions, observable market inputs and consideration of the issuer's financial performance and creditworthiness.
Interest income, including any capitalised or rolled-up interest, is reflected within the determination of fair value and recognised through profit or loss as part of the overall fair value movement.
Where fair value cannot be measured reliably, investments are stated at cost less impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The Company has no employees other than the directors, who did not receive any remuneration (2024: £Nil).
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PRYVEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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The Company has an interest free loan of £19,495,802 (2024: £21,050,802) which has been provided by its shareholder. The loan is interest free and repayable on demand. The shareholder has confirmed that the loan will not be called for repayment for a period of at least twelve months from the date of approval of these financial statements.
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Related party transactions
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The Company received funding from its shareholder. At 31 December 2025, the balance due was £19,495,802 (2024: £21,050,802). The loan is unsecured, interest free and repayable on demand. The parent undertaking has confirmed that the loan will not be called for repayment for a period of at least twelve months from the date of approval of these financial statements.
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