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Company Registration No. SC573459 (Scotland)
Primus Property Investments Ltd Unaudited accounts for the year ended 31 August 2023
Primus Property Investments Ltd Unaudited accounts Contents
Page
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Primus Property Investments Ltd Company Information for the year ended 31 August 2023
Director
Scott Mclean
Company Number
SC573459 (Scotland)
Registered Office
3 Birkwood Court Glenboig null Coatbridge Lanarkshire ML5 2TD Scotland
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Primus Property Investments Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
63,200 
63,200 
Current assets
Cash at bank and in hand
572 
4,608 
Creditors: amounts falling due within one year
(13,695)
(17,580)
Net current liabilities
(13,123)
(12,972)
Total assets less current liabilities
50,077 
50,228 
Creditors: amounts falling due after more than one year
(55,423)
(57,792)
Net liabilities
(5,346)
(7,564)
Capital and reserves
Profit and loss account
(5,346)
(7,564)
Shareholders' funds
(5,346)
(7,564)
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 March 2024 and were signed on its behalf by
Scott Mclean Director Company Registration No. SC573459
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Primus Property Investments Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Primus Property Investments Ltd is a private company, limited by shares, registered in Scotland, registration number SC573459. The registered office is 3 Birkwood Court, Glenboig null, Coatbridge, Lanarkshire, ML5 2TD, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0%
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 September 2022
63,200 
At 31 August 2023
63,200 
Depreciation
At 31 August 2023
- 
Net book value
At 31 August 2023
63,200 
At 31 August 2022
63,200 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
520 
444 
Other creditors
12,095 
16,056 
Accruals
1,080 
1,080 
13,695 
17,580 
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Primus Property Investments Ltd Notes to the Accounts for the year ended 31 August 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
55,423 
57,792 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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