Prime Uk Properties Limited - Accounts to registrar (filleted) - small 23.1.2

Prime Uk Properties Limited - Accounts to registrar (filleted) - small 23.1.2

PRIME UK PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 04979842 (England and Wales)

















PRIME UK PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2022






PRIME UK PROPERTIES LIMITED (REGISTERED NUMBER: 04979842)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2022




Page

Balance Sheet 1

Notes to the Financial Statements 2


PRIME UK PROPERTIES LIMITED (REGISTERED NUMBER: 04979842)

BALANCE SHEET
30TH SEPTEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investments 4 120,600 1,880,631

CURRENT ASSETS
Debtors 5 1,043,363 607,727
Cash at bank 574,765 981
1,618,128 608,708
CREDITORS
Amounts falling due within one year 6 244,978 635,837
NET CURRENT ASSETS/(LIABILITIES) 1,373,150 (27,129 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,493,750
1,853,502

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 1,493,747 1,853,499
SHAREHOLDERS' FUNDS 1,493,750 1,853,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th June 2023 and were signed on its behalf by:





L S Pinkney - Director


The notes form part of these financial statements

Page 1
PRIME UK PROPERTIES LIMITED (REGISTERED NUMBER: 04979842)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2022

1. STATUTORY INFORMATION

Prime Uk Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04979842

Registered office: C/o Keelings, Broad House
1 The Broadway, Old Hatfield
Hatfield
Hertfordshire
AL9 5BG

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are again prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover represents amounts receivable in respect of services provided during the year, excluding value added tax.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Page 2 continued...
PRIME UK PROPERTIES LIMITED (REGISTERED NUMBER: 04979842)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2022

2. ACCOUNTING POLICIES - continued

Fixed asset investment
Investments held as fixed assets are stated at cost less any provision for impairment. Where the recoverable amount of the investment is less than the carrying amount, an impairment is recognised. Any gains or losses on disposals are recognised in the profit and loss account.

Current asset investments
The current asset investments are stated at lower of cost and net realisable value and any gains or losses on disposals are recognised in the profit and loss account.

3. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was NIL (2021 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1st October 2021 35,625 1,845,006 1,880,631
Disposals (35,625 ) (1,724,406 ) (1,760,031 )
At 30th September 2022 - 120,600 120,600
NET BOOK VALUE
At 30th September 2022 - 120,600 120,600
At 30th September 2021 35,625 1,845,006 1,880,631

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 270,000 270,000
Other debtors 773,363 337,727
1,043,363 607,727

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 43,978 34,837
Other creditors 201,000 601,000
244,978 635,837

Page 3 continued...
PRIME UK PROPERTIES LIMITED (REGISTERED NUMBER: 04979842)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2022

7. RELATED PARTY DISCLOSURES

Anup Shah
Director and a shareholder.

During the year the company repaid £200,000 to the director. At the balance sheet date the amount outstanding was Nil (2021: £200,000).

L Pinkney
Director and a shareholder.

During the year the company repaid £200,000 to the director. At the balance sheet date the amount outstanding was Nil (2021: £200,000).

Market Tavern Stroud Limited
L Pinkney is a director of the related party.

At the balance sheet date a loan in the sum of £321,243 (2021: £321,243) was receivable from this company.

Setminds Limited
L Pinkney is a director of the related party.

At the balance sheet date a loan in the sum of £270,000 (2021: £270,000) was receivable from this company.

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