ACCOUNTS - Final Accounts preparation

PRE RIGHTS HOLDINGS LIMITED - Company Information

Registered number: 13049551

PRE RIGHTS HOLDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2021


PRE RIGHTS HOLDINGS LIMITED REGISTERED NUMBER:13049551

BALANCE SHEET

AS AT 31 MARCH 2021

		2021
Note		£

Fixed assets
Investments	4		30,000,100
			30,000,100
Current assets
Debtors: amounts falling due within one year	5	370
Cash at bank and in hand		100
		470
Creditors: amounts falling due within one year	6	(1,243)
Net current liabilities			(773)
Total assets less current liabilities			29,999,327

Net assets			29,999,327

Capital and reserves
Called up share capital	7	200
Share premium account		30,000,000
Profit and loss account		(873)
		29,999,327


PRE RIGHTS HOLDINGS LIMITED REGISTERED NUMBER:13049551

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2021

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 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 profit and loss account 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 on 6 October 2021.

P R Epworth

Director

The notes on pages 3 to 5 form part of these financial statements.


PRE RIGHTS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2021

1.	General information

Pre Rights Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 13049551. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The company was incorporated on 30 November 2020 and has not traded in the period.
A written resolution was passed on 16 March 2021 to shorten the accounting reference date of the company from 30 November 2021 to 31 March 2021.
The principal activity of the company is that of a holding company.

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

2.2

Going concern

The directors are assessing, on a daily basis, the impact of the significant uncertainty arising from the COVID-19 virus. Whilst the directors appreciate there is significant uncertainty surrounding the future economic climate and are expecting a slowdown, at the period end and as at the date of signature of the financial statements, the company’s activities remain positive with limited ongoing exposure. The directors confirm they will support and provide financial assistance as necessary for at least 12 months from the date of signature of the financial statements. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

2.3

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.7

Creditors

Short term creditors are measured at the transaction price.


PRE RIGHTS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2021

2.Accounting policies (continued)

2.8

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtor, other creditors, and loans with related parties.

Employees

The average monthly number of employees, including directors, during the period was 2.

4.	Fixed asset investments

		Investments in subsidiary company
		£
	Cost or valuation
	Additions	30,000,100
	At 31 March 2021	30,000,100

Debtors

					2021
					£


	Prepayments	370

6.	Creditors: amounts falling due within one year
		2021
		£

	Other creditors	493
	Accruals	750
		1,243


PRE RIGHTS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2021

7.	Share capital
		2021
		£

		Allotted, called up and fully paid

		200 Ordinary shares of £1.00 each	200

On incorporation the company issued 100 ordinary shares at £1 each. There are no restrictions on the distribution of dividends and repayment of capital.
On 8 January 2021, 100 ordinary shares of £1 each were issued at a premium of £300,000 per share.