ACCOUNTS - Final Accounts preparation

Cash and cash equivalents

P.RINCEMOUNT TRADING ( HOLDINGS) LTD - Company Information

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Registered number: 11333885

P.RINCEMOUNT TRADING ( HOLDINGS) LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 AUGUST 2020

P.RINCEMOUNT TRADING ( HOLDINGS) LTD

REGISTERED NUMBER: 11333885

STATEMENT OF FINANCIAL POSITION

AS AT 31 AUGUST 2020

	31 August	30 April
	2020	2019
Note	£	£

Fixed assets
Investments	4		775,000		-
			775,000		-
Current assets
Cash at bank and in hand	5	200		200
		200		200
Total assets less current liabilities			775,200		200

Net assets			775,200		200

Capital and reserves
Called up share capital	342,720	200
Share premium account	432,480	-
	775,200	200

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 period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 comprehensive income 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:

Mr R N Thakerar

Director

Date: 14 May 2021

The notes on pages 4 to 5 form part of these financial statements.

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P.RINCEMOUNT TRADING ( HOLDINGS) LTD

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 AUGUST 2020

	Called up share capital	Share premium account	Total equity
	£	£	£
At 1 May 2019	200	-	200
Other comprehensive income for the period	-	-	-
Total comprehensive income for the period	-	-	-
Shares issued during the period	342,520	432,480	775,000
Total transactions with owners	342,520	432,480	775,000
At 31 August 2020	342,720	432,480	775,200

The notes on pages 4 to 5 form part of these financial statements.

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P.RINCEMOUNT TRADING ( HOLDINGS) LTD

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 30 APRIL 2019

	Called up share capital	Total equity
	£	£
Other comprehensive income for the year	-	-
Total comprehensive income for the year	-	-
Shares issued during the year	200	200
Total transactions with owners	200	200
At 30 April 2019	200	200

The notes on pages 4 to 5 form part of these financial statements.

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P.RINCEMOUNT TRADING ( HOLDINGS) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2020

1.	General information

P.rincemount Trading (Holdings) Limited is a private company, limited by share capital, incorporated in England and Wales under registration number 11333885. The address of the registered office is situated at 4 Castle Hill Parade, West Ealing, W13 8JP.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Statement of financial position date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.3

Cash and cash equivalents

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.

Employees

The average monthly number of employees, including the directors, during the period was as follows:

	2020	2019
	No.	No.

Employees	2	2

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P.RINCEMOUNT TRADING ( HOLDINGS) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2020

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	775,000
	At 31 August 2020	775,000

Cash at bank and in hand	200	200
	200	200

Related party transactions

The directors Mr R N Thakerar and Mr K R Thakerar had an interest in the companies transactions with
Princemount Ltd, P.rincemount Trading Ltd and P.rincemount (Holdings) Ltd , which are incorporated and trading in the UK by virtue of the directors also being directors in all the companies.
During the year, the company acquired P.rincemount (Trading) Limited from P.rincemount (Holdings)
Limited in exchange for an issue of shares to the shareholders of P.rincemount (Holdings) Limited.

7.	Controlling party

The company was under the contrl of Mr Rajendra Thakerar by virtue of the fact that he owns 60% of the company's issued share capital.

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