PROCHARTER LIMITED

PROCHARTER LIMITED

PROCHARTER LIMITED - Company Information

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PROCHARTER LIMITED

Company Registration Number:
07230823 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

PROCHARTER LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

PROCHARTER LIMITED

Balance sheet

As at 31 March 2023


Notes
2023
2022


£
£
Fixed assets
Intangible assets: 3 10,175 13,475
Investments: 4 982,070 886,530
Total fixed assets: 992,245 900,005
Current assets
Debtors:   2,529 110,611
Cash at bank and in hand: 63,740 48,404
Total current assets: 66,269 159,015
Creditors: amounts falling due within one year:   (152,104) (252,407)
Net current assets (liabilities): (85,835) (93,392)
Total assets less current liabilities: 906,410 806,613
Total net assets (liabilities): 906,410 806,613
Capital and reserves
Called up share capital: 1 1
Revaluation reserve:598,241(470)
Profit and loss account: 808,168 807,082
Shareholders funds: 906,410 806,613

The notes form part of these financial statements

PROCHARTER LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 August 2023
and signed on behalf of the board by:

Name: A.D. Fleming
Status: Director

The notes form part of these financial statements

PROCHARTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is measured at the fair value of the consideration received or receivable.Revenue is reduced for estimated rebates and similar allowances.

PROCHARTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

PROCHARTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Intangible Assets

Total
Cost £
At 01 April 2022 33,000
At 31 March 2023 33,000
Amortisation
At 01 April 2022 19,525
Charge for year 3,300
At 31 March 2023 22,825
Net book value
At 31 March 2023 10,175
At 31 March 2022 13,475

PROCHARTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Fixed investments

Intangible assets are amortized over the estimated economic life of the assets over ten years.

PROCHARTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Revaluation reserve

2023
£
Balance at 01 April 2022 (470)
Surplus or deficit after revaluation 98,711
Balance at 31 March 2023 98,241