Silverfin false false 30/09/2023 01/01/2023 30/09/2023 Clare Coidan 22/09/2023 30/10/2020 Louise Hirst 30/10/2020 William George Hirst 22/09/2023 14 November 2023 The principal activity of the company in the period under review was that of estate agency. 12985882 2023-09-30 12985882 bus:Director1 2023-09-30 12985882 bus:Director2 2023-09-30 12985882 bus:Director3 2023-09-30 12985882 2022-12-31 12985882 core:CurrentFinancialInstruments 2023-09-30 12985882 core:CurrentFinancialInstruments 2022-12-31 12985882 core:ShareCapital 2023-09-30 12985882 core:ShareCapital 2022-12-31 12985882 core:RetainedEarningsAccumulatedLosses 2023-09-30 12985882 core:RetainedEarningsAccumulatedLosses 2022-12-31 12985882 bus:OrdinaryShareClass1 2023-09-30 12985882 2023-01-01 2023-09-30 12985882 bus:AbridgedAccounts 2023-01-01 2023-09-30 12985882 bus:SmallEntities 2023-01-01 2023-09-30 12985882 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-09-30 12985882 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-09-30 12985882 bus:Director1 2023-01-01 2023-09-30 12985882 bus:Director2 2023-01-01 2023-09-30 12985882 bus:Director3 2023-01-01 2023-09-30 12985882 2022-01-01 2022-12-31 12985882 bus:OrdinaryShareClass1 2023-01-01 2023-09-30 12985882 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 12985882 1 2023-01-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12985882 (England and Wales)

PRIME RESIDENTIAL (YORK) LTD

Abridged Unaudited Financial Statements
For the financial period from 01 January 2023 to 30 September 2023

PRIME RESIDENTIAL (YORK) LTD

Abridged Unaudited Financial Statements

For the financial period from 01 January 2023 to 30 September 2023

Contents

PRIME RESIDENTIAL (YORK) LTD

COMPANY INFORMATION

For the financial period from 01 January 2023 to 30 September 2023
PRIME RESIDENTIAL (YORK) LTD

COMPANY INFORMATION (continued)

For the financial period from 01 January 2023 to 30 September 2023
DIRECTORS Louise Hirst
William George Hirst
REGISTERED OFFICE The Innovation Centre Innovation Way
Heslington
York
YO10 5DG
England
United Kingdom
COMPANY NUMBER 12985882 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
PRIME RESIDENTIAL (YORK) LTD

BALANCE SHEET

As at 30 September 2023
PRIME RESIDENTIAL (YORK) LTD

BALANCE SHEET (continued)

As at 30 September 2023
Note 30.09.2023 31.12.2022
£ £
Fixed assets
Tangible assets 5 1,373 2,445
1,373 2,445
Current assets
Debtors 525 525
Cash at bank and in hand 46,689 135,896
47,214 136,421
Creditors: amounts falling due within one year ( 32,329) ( 40,607)
Net current assets 14,885 95,814
Total assets less current liabilities 16,258 98,259
Net assets 16,258 98,259
Capital and reserves
Called-up share capital 6 2 2
Profit and loss account 16,256 98,257
Total shareholders' funds 16,258 98,259

For the financial period ending 30 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Prime Residential (York) Ltd (registered number: 12985882) were approved and authorised for issue by the Board of Directors on 14 November 2023. They were signed on its behalf by:

Louise Hirst
Director
PRIME RESIDENTIAL (YORK) LTD

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial period from 01 January 2023 to 30 September 2023
PRIME RESIDENTIAL (YORK) LTD

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial period from 01 January 2023 to 30 September 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Prime Residential (York) Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Innovation Centre Innovation Way, Heslington, York, YO10 5DG, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The financial statements have been prepared for the nine months ending 30 September 2023.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Tangible assets

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

Period from
01.01.2023 to
30.09.2023
Year ended
31.12.2022
Number Number
Monthly average number of persons employed by the Company during the period, including directors 2 2

4. Finance costs

Period from
01.01.2023 to
30.09.2023
Year ended
31.12.2022
£ £
Interest payable and similar expenses 1,417 1,500

5. Tangible assets

Total
£
Cost
At 01 January 2023 5,527
At 30 September 2023 5,527
Accumulated depreciation
At 01 January 2023 3,082
Charge for the financial period 1,072
At 30 September 2023 4,154
Net book value
At 30 September 2023 1,373
At 31 December 2022 2,445

6. Called-up share capital

30.09.2023 31.12.2022
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

7. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial period.