Company Registration No. 10088718 (England and Wales)
Premier Ground Rents NO.5 Limited
Unaudited accounts
for the year ended 31 December 2018
Premier Ground Rents NO.5 Limited
Unaudited accounts
Contents
Premier Ground Rents NO.5 Limited
Company Information
for the year ended 31 December 2018
Directors
Michael Stuart Moore
Oliver Charles Cox
Company Number
10088718 (England and Wales)
Registered Office
Unit 2 & 3 Beech Court
Wokingham Road
Hurst
Berkshire
RG10 0RU
UK
Premier Ground Rents NO.5 Limited
Statement of financial position
as at 31 December 2018
Investment property
2,462,588
2,100,000
Cash at bank and in hand
16,613
8,068
Creditors: amounts falling due within one year
(807,634)
(454,555)
Net current assets
12,859
361,913
Total assets less current liabilities
2,475,447
2,461,913
Creditors: amounts falling due after more than one year
(1,133,692)
(1,252,582)
Net assets
1,341,755
1,209,331
Called up share capital
100
100
Revaluation reserve
1,019,971
1,019,971
Profit and loss account
321,684
189,260
Shareholders' funds
1,341,755
1,209,331
For the year ending 31 December 2018 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 11 July 2019.
Michael Stuart Moore
Director
Company Registration No. 10088718
Premier Ground Rents NO.5 Limited
Notes to the Accounts
for the year ended 31 December 2018
Premier Ground Rents NO.5 Limited is a private company, limited by shares, registered in England and Wales, registration number 10088718. The registered office is Unit 2 & 3 Beech Court , Wokingham Road, Hurst, Berkshire, RG10 0RU, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 January 2018
2,100,000
At 31 December 2018
2,462,588
Amounts due from group undertakings etc.
802,520
808,400
Premier Ground Rents NO.5 Limited
Notes to the Accounts
for the year ended 31 December 2018
6
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
64,645
11,844
Trade creditors
1,077
3,142
Amounts owed to group undertakings and other participating interests
626,953
176,972
Taxes and social security
42,083
88,997
Loans from directors
-
75,846
Deferred income
70,957
97,754
7
Creditors: amounts falling due after more than one year
2018
2017
Bank loans
1,133,692
1,252,582
Aggregate of amounts that fall due for payment after five years
842,788
1,205,206
8
Transactions with related parties
The company owes £26,953 to Premier Ground Rents No.7 Limited, an associated company.
The company owes £600,000 to Premier Ground Rents Limited, an associated company.
The company is owed £2,520 by Oliver Cox Limited, an associated company.
The company is owed £800,000 by Premier Ground Rents No.4 Limited.
These loans do not attract any interest.
In the opinion of the directors, the company's ultimate parent company and ultimate controlling party is Moore Investment Holdings Ltd a company incorporated in England (No. 09419502), operating from Unit 2 Beech Court, Wokingham Road, Hurst RG10 0RQ.
10
Average number of employees
During the year the average number of employees was 2 (2017: 2).
