Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-312022-06-01falseNo description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11378911 2022-06-01 2023-05-31 11378911 2021-06-01 2022-05-31 11378911 2023-05-31 11378911 2022-05-31 11378911 c:Director3 2022-06-01 2023-05-31 11378911 d:FreeholdInvestmentProperty 2022-06-01 2023-05-31 11378911 d:FreeholdInvestmentProperty 2023-05-31 11378911 d:FreeholdInvestmentProperty 2022-05-31 11378911 d:CurrentFinancialInstruments 2023-05-31 11378911 d:CurrentFinancialInstruments 2022-05-31 11378911 d:Non-currentFinancialInstruments 2023-05-31 11378911 d:Non-currentFinancialInstruments 2022-05-31 11378911 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 11378911 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 11378911 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 11378911 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 11378911 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 11378911 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-05-31 11378911 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 11378911 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-05-31 11378911 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-05-31 11378911 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-05-31 11378911 d:ShareCapital 2023-05-31 11378911 d:ShareCapital 2022-05-31 11378911 d:RetainedEarningsAccumulatedLosses 2023-05-31 11378911 d:RetainedEarningsAccumulatedLosses 2022-05-31 11378911 c:FRS102 2022-06-01 2023-05-31 11378911 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 11378911 c:FullAccounts 2022-06-01 2023-05-31 11378911 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 11378911 6 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 11378911










ALLPRIME LTD








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 May 2023

 
ALLPRIME LTD
Registered number: 11378911

Balance sheet
As at 31 May 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
205
205

Investment property
 5 
2,827,682
2,830,302

  
2,827,887
2,830,507

Current assets
  

Debtors: amounts falling due within one year
 6 
235,244
182,340

Cash at bank and in hand
  
3,446
3,368

  
238,690
185,708

Creditors: amounts falling due within one year
 7 
(946,563)
(915,934)

Net current liabilities
  
 
 
(707,873)
 
 
(730,226)

Total assets less current liabilities
  
2,120,014
2,100,281

Creditors: amounts falling due after more than one year
 8 
(2,140,008)
(2,150,008)

  

Net liabilities
  
(19,994)
(49,727)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(19,996)
(49,729)

  
(19,994)
(49,727)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 October 2023.

Benny Hoffman
Page 1

 
ALLPRIME LTD
Registered number: 11378911
    
Balance sheet (continued)
As at 31 May 2023

Director

Page 2

 
ALLPRIME LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 May 2023

1.


General information

Allprime Ltd is a company incorporated in England and Wales under the Companies Act. The principal activity of the company is that of property investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

  
2.3

Revenue

Revenue represents gross rental income from the letting of property and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 
ALLPRIME LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 May 2023

2.Accounting policies (continued)

  
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the statement of comprehensive income, except that a charge attributable to an item of income or expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met..

  
2.7

Reserves

The company's reserves are as follows:
• Called up share capital represents the nominal value of the shares issued
• Profit and Loss Account represents cummulative profits or losses, net of dividends and other adjustments.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 June 2022
205



At 31 May 2023
205




Page 4

 
ALLPRIME LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 May 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 June 2022
2,830,302


Disposals
(2,620)



At 31 May 2023
2,827,682

The 2023 valuations were made by the directors, on an open market value for existing use basis.







6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
220,671
162,050

Other debtors
11,573
17,290

Prepayments and accrued income
3,000
3,000

235,244
182,340



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
9,507
9,507

Other creditors
937,056
906,427

946,563
915,934


Page 5

 
ALLPRIME LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 May 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
2,140,008
2,150,008

2,140,008
2,150,008


The following liabilities were secured:



Details of security provided:

Some of the bank loans are secured on the company's properties.


9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
9,507
9,507


9,507
9,507

Amounts falling due 1-2 years

Bank loans
9,747
9,747


9,747
9,747

Amounts falling due 2-5 years

Bank loans
17,413
27,413


17,413
27,413

Amounts falling due after more than 5 years

Bank loans
2,112,848
2,112,848

2,112,848
2,112,848


 
Page 6