Company Registration No. 10595944 (England and Wales)
Premier Dwellings Limited
Unaudited accounts
for the year ended 31 March 2019
Premier Dwellings Limited
Unaudited accounts
Contents
Premier Dwellings Limited
Company Information
for the year ended 31 March 2019
Directors
T Ranu
K Dosanjh
Company Number
10595944 (England and Wales)
Registered Office
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Accountants
Clayton Stirling & Co
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Premier Dwellings Limited
Statement of financial position
as at 31 March 2019
Investment property
300,000
103,732
Cash at bank and in hand
59
1,043
Creditors: amounts falling due within one year
738
(116,879)
Net current assets/(liabilities)
77,167
(114,836)
Total assets less current liabilities
377,167
(11,104)
Creditors: amounts falling due after more than one year
(188,987)
-
Provisions for liabilities
Net assets/(liabilities)
150,889
(11,104)
Called up share capital
100
100
Profit and loss account
150,789
(11,204)
Shareholders' funds
150,889
(11,104)
For the year ending 31 March 2019 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 19 March 2020.
T Ranu
Director
Company Registration No. 10595944
Premier Dwellings Limited
Notes to the Accounts
for the year ended 31 March 2019
Premier Dwellings Limited is a private company, limited by shares, registered in England and Wales, registration number 10595944. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 April 2018
103,732
Net gain from fair value adjustments
196,268
Other debtors
76,370
1,000
Premier Dwellings Limited
Notes to the Accounts
for the year ended 31 March 2019
6
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
-
76,749
Loans from directors
(1,638)
-
7
Creditors: amounts falling due after more than one year
2019
2018
The above loan is secured by a fixed and floating charge over the company's assets.
8
Transactions with related parties
Included within other debtors are amounts due from companies controlled by the Directors.
9
Average number of employees
During the year the average number of employees was 2 (2018: 2).
