REGISTERED NUMBER: 03239140 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

P.R.E.A. Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

Mr P Mistry

Registered office:

48 Union Street

Hyde

SK14 1ND

Registered number:

03239140 (England and Wales)

Accountants:

Allen Mills Howard & Co

Library Chambers

48 Union Street

Hyde

Cheshire

SK14 1ND

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

1,540

1,328

1,540

1,328

Current assets

Debtors

6

11,389

5,978

Cash at bank

22,386

5,884

33,775

11,862

Creditors

Amounts falling due within one year

7

46,572

3,304

Net current (liabilities)/assets

(12,797

)

8,558

Total assets less current liabilities

(11,257

)

9,886

Creditors

Amounts falling due after more than one year

8

188

564

Net (liabilities)/assets

(11,445

)

9,322

Capital and reserves

Called up share capital

9

100

100

Retained earnings

(11,545

)

9,222

Shareholders' funds

(11,445

)

9,322

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

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

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2025 and were signed by:

Mr P Mistry - Director

1.	Statutory information

P.R.E.A. Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

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.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

Straight line over 3 years

Taxation

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

4.	Intangible fixed assets

Other

intangible

assets

£

Cost

At 1 September 2024

and 31 August 2025

980

Amortisation

At 1 September 2024

and 31 August 2025

980

Net book value

At 31 August 2025

-

At 31 August 2024

-

5.	Tangible fixed assets

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

Cost

At 1 September 2024

-

2,353

19,030

21,383

Additions

1,261

-

-

1,261

At 31 August 2025

1,261

2,353

19,030

22,644

Depreciation

At 1 September 2024

-

1,802

18,253

20,055

Charge for year

189

83

777

1,049

At 31 August 2025

189

1,885

19,030

21,104

Net book value

At 31 August 2025

1,072

468

-

1,540

At 31 August 2024

-

551

777

1,328

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

80

-

Other debtors

11,309

5,978

11,389

5,978

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

60

39

Taxation and social security

74

9

Other creditors

46,438

3,256

46,572

3,304

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Other creditors

188

564

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100