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REGISTERED NUMBER: 08928651 (England and Wales)















PRIMUS PLACE (MANAGEMENT) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022






PRIMUS PLACE (MANAGEMENT) LIMITED (REGISTERED NUMBER: 08928651)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRIMUS PLACE (MANAGEMENT) LIMITED

COMPANY INFORMATION
for the year ended 30 September 2022







DIRECTOR: Mr M S Moore





REGISTERED OFFICE: 5-7 Mill Fold
Mill Fold Way
Sowerby Bridge
West Yorkshire
HX6 4DJ





REGISTERED NUMBER: 08928651 (England and Wales)





ACCOUNTANTS: Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

PRIMUS PLACE (MANAGEMENT) LIMITED (REGISTERED NUMBER: 08928651)

BALANCE SHEET
30 September 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 171 515

CURRENT ASSETS
Stocks 3,306 1,684
Debtors 5 75,926 51,461
Cash at bank and in hand 14,962 57,309
94,194 110,454
CREDITORS
Amounts falling due within one year 6 (45,978 ) (59,038 )
NET CURRENT ASSETS 48,216 51,416
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,387

51,931

CREDITORS
Amounts falling due after more than one
year

7

(31,751

)

(42,500

)
NET ASSETS 16,636 9,431

RESERVES
Sinking fund 13,974 8,257
Retained earnings 2,662 1,174
16,636 9,431

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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.

PRIMUS PLACE (MANAGEMENT) LIMITED (REGISTERED NUMBER: 08928651)

BALANCE SHEET - continued
30 September 2022


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 and authorised for issue on 3 October 2023 and were signed by:





Mr M S Moore - Director


PRIMUS PLACE (MANAGEMENT) LIMITED (REGISTERED NUMBER: 08928651)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2022


1. STATUTORY INFORMATION

Primus Place (Management) Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Service charges represent net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Government grants
Government grants relate to interest covered by the government, in the first twelve months, on bounceback loans. The income has been matched to the period in which the costs relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 9 ) .

PRIMUS PLACE (MANAGEMENT) LIMITED (REGISTERED NUMBER: 08928651)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2022


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2021
and 30 September 2022 6,096
DEPRECIATION
At 1 October 2021 5,582
Charge for year 343
At 30 September 2022 5,925
NET BOOK VALUE
At 30 September 2022 171
At 30 September 2021 514

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 28,767 22,395
Other debtors 47,159 29,066
75,926 51,461

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 7,500
Trade creditors 33,824 30,140
Taxation and social security 234 -
Other creditors 1,920 21,398
45,978 59,038

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 31,751 42,500

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 2,500

PRIMUS PLACE (MANAGEMENT) LIMITED (REGISTERED NUMBER: 08928651)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2022


8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 41,751 50,000

The bank loan is secured by the UK Government under the Bounce Back loan initiative.

9. RELATED PARTY DISCLOSURES

SFM utility services Ltd, were paid £1,000 (2020 £1,063) in the period for health and safety services.
This is a company in which two of the directors of the management company, Student Facility Management Ltd, also have directorship.