Premia Homes Limited - Accounts to registrar (filleted) - small 18.2
Premia Homes Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Abridged Financial Statements |
for the Year Ended 31st December 2020 |
for |
Premia Homes Limited |
Premia Homes Limited (Registered number: 05002055) |
Contents of the Financial Statements |
for the Year Ended 31st December 2020 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Premia Homes Limited |
Company Information |
for the Year Ended 31st December 2020 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
506 Kingsbury Road |
London |
NW9 9HE |
Premia Homes Limited (Registered number: 05002055) |
Abridged Balance Sheet |
31st December 2020 |
31/12/20 | 31/12/19 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
Premia Homes Limited (Registered number: 05002055) |
Abridged Balance Sheet - continued |
31st December 2020 |
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 and authorised for issue on |
Premia Homes Limited (Registered number: 05002055) |
Notes to the Financial Statements |
for the Year Ended 31st December 2020 |
1. | STATUTORY INFORMATION |
Premia Homes Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the previsions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
The financial statements have been prepared on director's assurance that the company will continue it's operational existence for the foreseeable future and have therefore used the going concern basis. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Fixtures and fittings | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
The company sold the property on 1st December 2020. |
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. |
Premia Homes Limited (Registered number: 05002055) |
Notes to the Financial Statements - continued |
for the Year Ended 31st December 2020 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2019 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st January 2020 |
and 31st December 2020 |
DEPRECIATION |
At 1st January 2020 |
Charge for year |
At 31st December 2020 |
NET BOOK VALUE |
At 31st December 2020 |
At 31st December 2019 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st January 2020 |
Disposals | ( |
) |
At 31st December 2020 |
DEPRECIATION |
At 1st January 2020 | 31,870 |
Charge for year | 1,948 |
Eliminated on disposal | (33,818 | ) |
At 31st December 2020 | - |
NET BOOK VALUE |
At 31st December 2020 |
At 31st December 2019 |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
31/12/20 | 31/12/19 |
£ | £ |
Repayable by instalments |
Bank loan | - | 150,249 |
Director's loan account | 128,213 | 138,215 |
128,213 | 288,464 |
The above bank loan is a bounce back loan secured from National Westminster Bank Plc under the UK Government's Covid-19 Virus Business Support Scheme. |
Premia Homes Limited (Registered number: 05002055) |
Notes to the Financial Statements - continued |
for the Year Ended 31st December 2020 |
7. | RELATED PARTY TRANSACTION |
An amount of £29,763 included in other debtors (note 8 above) is due by Woodville Property Investments Ltd, a company registered in England & Wales (company number:10435601) in which Mr M K Hirani is the director and shareholder. |
An amount of £6,330 included in other creditors (note 9 above) is due to Woodville Limited, a company registered in England & Wales (company number: 05873340) in which Mr M K Hirani is a shareholder. |