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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2017 |
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PRP.UK LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2017 |
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FOR |
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PRP.UK LIMITED |
PRP.UK LIMITED (REGISTERED NUMBER: 05076657) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30 April 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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PRP.UK LIMITED |
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COMPANY INFORMATION |
for the Year Ended 30 April 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Manor Court Chambers |
Townsend Drive |
Nuneaton |
Warwickshire |
CV11 6RU |
PRP.UK LIMITED (REGISTERED NUMBER: 05076657) |
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BALANCE SHEET |
30 April 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Capital redemption reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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PRP.UK LIMITED (REGISTERED NUMBER: 05076657) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30 April 2017 |
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1. | STATUTORY INFORMATION |
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PRP.UK Limited is a
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number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value |
added tax and other sales taxes. |
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Goodwill |
Goodwill is being written off over 5 years. |
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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. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
date. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme |
are charged to profit or loss in the period to which they relate. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the |
lease. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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PRP.UK LIMITED (REGISTERED NUMBER: 05076657) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 April 2017 |
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 May 2016 |
and 30 April 2017 |
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AMORTISATION |
At 1 May 2016 |
and 30 April 2017 |
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NET BOOK VALUE |
At 30 April 2017 |
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At 30 April 2016 |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 May 2016 |
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Additions |
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At 30 April 2017 |
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DEPRECIATION |
At 1 May 2016 |
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Charge for year |
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At 30 April 2017 |
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NET BOOK VALUE |
At 30 April 2017 |
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At 30 April 2016 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Prepayments |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation |
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Social security and other taxes |
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VAT | 137,979 | 106,322 |
Other creditors |
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Accrued expenses |
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PRP.UK LIMITED (REGISTERED NUMBER: 05076657) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 April 2017 |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2017 | 2016 |
£ | £ |
Bank overdraft |
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The bank overdraft is secured by a charge over the company's assets. |
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9. | RELATED PARTY DISCLOSURES |
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During the year the company paid rent and other charges of £16,500 (2016 £16,500) to
Glemjar Limited,
a company of
which Mr J M Norris is a director. |
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During the year the company purchased services totalling £27,626 (2016 £31,950) from Two J S Office Services Limited, a |
company of which Mr J M Norris and Mr B M Smith are directors. |
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During the year the company paid dividends totalling £155,000 (2016 £177,324) to PRP.UK (Holdings) Limited, a company |
of which Mr J Norris, Mr C Lambert, Mr B Smith, Ms S Maunder and Mr M Sharlott are directors. |
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All of the above transactions were on an arms length basis. |
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10. | ULTIMATE CONTROLLING PARTY |
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The company's immediate controlling party is PRP.UK (Holdings) Limited, a company registered in England and Wales. |
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No one individual has overall control of PRP.UK (Holdings) Limited. |