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REGISTERED NUMBER: 12066745 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

Prime Shelter Ltd

Prime Shelter Ltd (Registered number: 12066745)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Prime Shelter Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: H Ramachandran





SECRETARY:





REGISTERED OFFICE: 28 Earlshall Road
London
United Kingdom
SE9 1PT





REGISTERED NUMBER: 12066745 (England and Wales)





ACCOUNTANTS: MSR GROUP LTD
MSR House
329 Ley Street
Ilford
Essex
IG1 4AA

Prime Shelter Ltd (Registered number: 12066745)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 279,440 279,440

CURRENT ASSETS
Debtors 5 - 379
Cash at bank 6,043 1,918
6,043 2,297
CREDITORS
Amounts falling due within one year 6 45,790 42,522
NET CURRENT LIABILITIES (39,747 ) (40,225 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,693

239,215

CREDITORS
Amounts falling due after more than one
year

7

238,992

238,992
NET ASSETS 701 223

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 601 123
701 223

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

Prime Shelter Ltd (Registered number: 12066745)

Balance Sheet - continued
30 June 2023


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 11 March 2024 and were signed by:





H Ramachandran - Director


Prime Shelter Ltd (Registered number: 12066745)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Prime Shelter Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 July 2022
and 30 June 2023 279,440
NET BOOK VALUE
At 30 June 2023 279,440
At 30 June 2022 279,440

Prime Shelter Ltd (Registered number: 12066745)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors - 379

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Amounts owed to group undertakings 42,000 42,000
Taxation and social security 112 522
Other creditors 3,678 -
45,790 42,522

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 188,000 188,000
Other creditors 50,992 50,992
238,992 238,992

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 188,000 188,000