Pritt Intertrade Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03707733 (England and Wales)

Financial Statements

for the Year Ended 31 December 2021

for

Pritt Intertrade Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B D Cavas

A J Van Es

SECRETARY:

Aquass Secretaries Limited

REGISTERED OFFICE:

Dominion Court

43 Station Road

Solihull

B91 3RT

REGISTERED NUMBER:

03707733 (England and Wales)

AUDITORS:

Anstey Bond LLP

Statutory Auditors &

Chartered Accountants

1-2 Charterhouse Mews

London

EC1M 6BB

CURRENT ASSETS

Debtors

4

12,434

12,434

CREDITORS

Amounts falling due within one year

5

(72,320

)

(70,880

)

NET CURRENT LIABILITIES

(59,886

)

(58,446

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(59,886

)

(58,446

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(60,886

)

(59,446

)

SHAREHOLDERS' FUNDS

(59,886

)

(58,446

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2022 and were signed on its behalf by:

B D Cavas - Director

A J Van Es - Director

1.	STATUTORY INFORMATION

Pritt Intertrade 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.

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.

The immediate parent company of Pritt Intertrade Limited, Pritt & Company Limited, has confirmed that it will continue to support the company financially for a period of 12 months from the date of approval of these financial statements. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Use of estimates

The preparation of the financial statements requires the management to form opinions and to make estimates and assumptions that influence the application of principles and the reported values of assets and liabilities and of income and expenditure. Actual results may differ from these estimates. The estimates and the underlying assumptions are constantly assessed. Revisions of estimates are recognised in the period in which the estimate is revised and in future periods for which the revision has consequences.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 NIL (2020 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Amounts owed by group undertakings

12,434

12,434

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Amounts owed to group undertakings

72,320

70,880

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Colin Ellis FCCA CF (Senior Statutory Auditor)

for and on behalf of Anstey Bond LLP

7.	RELATED PARTY DISCLOSURES

The Company has taken advantage of the exemption available in accordance with FRS 8 "Related party disclosures" not to disclose transactions entered into between two or more members of a Group, as the Company is wholly owned subsidiary undertaking of the Group to which it is party to the transactions.

8.	ULTIMATE CONTROLLING PARTY

The directors regard Devinlop Trust Reg, a company incorporated in Liechtenstein, as the company's ultimate parent undertaking.

The immediate controlling party is Pritt & Co., Limited (00489382) a company incorporated within the UK.