PREMIER INVEST LIMITED

Company Registration Number:
09665593 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

PREMIER INVEST LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Notes

PREMIER INVEST LIMITED

Balance sheet

As at 31 July 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 930,385 930,385
Total fixed assets: 930,385 930,385
Current assets
Debtors:   310 310
Cash at bank and in hand: 37,628 169,627
Total current assets: 37,938 169,937
Creditors: amounts falling due within one year: 4 (811,544) (969,012)
Net current assets (liabilities): (773,606) (799,075)
Total assets less current liabilities: 156,779 131,310
Provision for liabilities: (8,451) (6,423)
Total net assets (liabilities): 148,328 124,887
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:527,38127,381
Profit and loss account: 120,847 97,406
Shareholders funds: 148,328 124,887

The notes form part of these financial statements

PREMIER INVEST LIMITED

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 March 2024
and signed on behalf of the board by:

Name: Mr P Hundalani
Status: Director

The notes form part of these financial statements

PREMIER INVEST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Valuation and information policy

Investment properties are included in the balance sheet at their fair value at the balance sheet date. The resulting aggregate surplus or deficit is recognised in the income statement. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Other accounting policies

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

PREMIER INVEST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

PREMIER INVEST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible Assets

Total
Cost £
At 01 August 2022 930,385
At 31 July 2023 930,385
Net book value
At 31 July 2023 930,385
At 31 July 2022 930,385

PREMIER INVEST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Creditors: amounts falling due within one year note

Amounts owed to undertakings in which the company has a participating interest £230,000 (2022: £230,000)Taxation and social security £5,974 (2022: £2,309)Other creditors £575,570 (2022: £736,703)

PREMIER INVEST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Revaluation reserve

2023
£
Balance at 01 August 2022 27,381
Surplus or deficit after revaluation 0
Balance at 31 July 2023 27,381