ACCOUNTS - Final Accounts preparation

Company registration number: 04331153

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	PROLAND LIMITED


PROLAND LIMITED

COMPANY INFORMATION

Director	R H G Hawkins


Company secretary	P G Hawkins


Registered number	04331153


Registered office	Chandos Business Centre
	87 Warwick Street
	Leamington Spa
	CV32 4RJ


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	SG1 3QP


PROLAND LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


PROLAND LIMITED REGISTERED NUMBER:04331153

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets		3,301		-
Investment property		728,138		728,138
		731,439		728,138
Current assets
Debtors: amounts falling due within one year	76,928		78,842
Bank and cash balances	10,365		23,033
	87,293		101,875
Creditors: amounts falling due within one year	(135,543)		(147,013)
Net current liabilities		(48,250)		(45,138)
Total assets less current liabilities		683,189		683,000
Creditors: amounts falling due after more than one year		(418,861)		(420,907)

Net assets		264,328		262,093

Capital and reserves
Called up share capital	2	2
Profit and loss account	264,326	262,091
	264,328	262,093

Page 1


PROLAND LIMITED REGISTERED NUMBER:04331153

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The director considers 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 director acknowledges his 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:

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

R H G Hawkins

Director

Date: 3 November 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


PROLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Proland Limited 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

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

2.3

Rental Income

Rental income is recognised on a straight-line basis over the year in which the rental relates.

2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Page 3


PROLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

20%

on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Page 4


PROLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	Additions	3,810
	At 31 March 2025	3,810
	Depreciation
	Charge for the year on owned assets	509
	At 31 March 2025	509
	Net book value
	At 31 March 2025	3,301
	At 31 March 2024	-

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 April 2024	728,138
	At 31 March 2025	728,138

The 2025 valuations were made by the director, on an open market value for existing use basis.

Debtors

					2025	2024
					£	£


Trade debtors	6,445	10,359
Amounts owed by connected undertakings	69,500	67,500
Other debtors	983	983
	76,928	78,842

Page 5


PROLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	10,306	10,783
Trade creditors	20	944
Amounts owed to connected undertakings	103,239	104,239
Corporation tax	10,408	15,966
Other creditors	9,770	12,531
Accruals and deferred income	1,800	2,550
	135,543	147,013

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	14,061	20,607
Other creditors	404,800	400,300
	418,861	420,907

Related party transactions

At the reporting date the company owed £404,800 (2024: £400,300) to the director. The balance can be found within creditors due after more than one year and no interest is being charged on this.
Included within debtors amounts falling due within one year is an amount of £69,500 (2024: £67,500) due from a related party. Included within creditors amounts falling due within one year is an amount of £103,239 (2024: £104,239) due to respective related parties. These amounts are free of interest.

Page 6