Primary Retail Horizons Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07096183 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

PRIMARY RETAIL HORIZONS LTD

Page

Company information

1

Report of the accountants

2

Balance sheet

3

Notes to the financial statements

5

Director:

R Ali

Registered office:

Wharf House

Victoria Quays

Wharf Street

Sheffield

S2 5SY

Registered number:

07096183 (England and Wales)

Accountants:

Shipleys Tax Planning Ltd

Chartered Tax Advisers

Wharf House

Victoria Quays

Wharf Street

Sheffield

South Yorkshire

S2 5SY

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance sheet. Readers are cautioned that the

Income statement and certain other primary statements and the Report of the director are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of Primary Retail Horizons Ltd for the year ended 31 March

2019 which comprise the Profit and loss account, the Balance sheet and the related notes from the

Company accounting records and from information and explanations you have given to us.

This report is made solely to the Board of Directors of Primary Retail Horizons Ltd, as a body, in

accordance with the terms of our agreement. Our work has been undertake solely to prepare for

your approval the financial statements of Primary Retail Horizons Ltd and state those matters that

we have agreed to state to them in this report and for no other purpose. To the fullest extent

permitted by law, we do not accept or assume responsibility to anyone other than Primary Retail

Horizons Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Primary Retail Horizons Ltd has kept adequate accounting records

and to prepare statutory financial statements that give a true and fair view of the Company's assets

and liabilities, financial position and profit. You consider that Primary Retail Horizons Ltd is exempt

from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Primary

Retail Horizons Ltd. For this reason, we have not verified the accuracy or completeness of the

accounting records or information and explanations you have given to us and we do not, therefore,

express any opinion on the statutory financial statements.

Shipleys Tax Planning Ltd

18 December 2019

CURRENT ASSETS

Debtors

4

110

-

CREDITORS

Amounts falling due within one year

5

1,325

5

NET CURRENT LIABILITIES

(1,215

)

(5

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,215

)

(5

)

CREDITORS

Amounts falling due after more than one year

6

50

50

NET LIABILITIES

(1,265

)

(55

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,365

)

(155

)

(1,265

)

(55

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director on 18 December 2019 and were signed by:

R Ali - Director

1.	STATUTORY INFORMATION

Primary Retail Horizons Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

110

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other creditors

1,325

5

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Other creditors

50

50

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2019

2018

£

£

Within one year

52,053

50,067

8.	RELATED PARTY DISCLOSURES

There were no related party transactions during the year.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by Firstcare (UK) Ltd which is ultimately controlled by the director

Raza Ali.