0 false false false false false false false false false true false false false false false false No description of principal activity 2022-11-01 Sage Accounts Production Advanced 2021 - FRS102_2021 215,342 120,888 19,175 4,339 312,716 312,716 215,342 xbrli:pure xbrli:shares iso4217:GBP 04229161 2022-11-01 2023-10-31 04229161 2023-10-31 04229161 2022-10-31 04229161 bus:Director2 2022-11-01 2023-10-31 04229161 core:WithinOneYear 2023-10-31 04229161 core:WithinOneYear 2022-10-31 04229161 core:ShareCapital 2023-10-31 04229161 core:ShareCapital 2022-10-31 04229161 core:RetainedEarningsAccumulatedLosses 2023-10-31 04229161 core:RetainedEarningsAccumulatedLosses 2022-10-31 04229161 core:CostValuation core:Non-currentFinancialInstruments 2022-10-31 04229161 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-10-31 04229161 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-10-31 04229161 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2023-10-31 04229161 core:CostValuation core:Non-currentFinancialInstruments 2023-10-31 04229161 core:Non-currentFinancialInstruments 2023-10-31 04229161 core:Non-currentFinancialInstruments 2022-10-31 04229161 bus:Director2 2021-10-31 04229161 bus:Director2 2021-11-01 2022-10-31 04229161 bus:SmallEntities 2022-11-01 2023-10-31 04229161 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 04229161 bus:FullAccounts 2022-11-01 2023-10-31 04229161 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 04229161 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31
COMPANY REGISTRATION NUMBER: 04229161
Premiss Limited
Filleted Unaudited Financial Statements
31 October 2023
Premiss Limited
Statement of Financial Position
31 October 2023
2023
2022
Note
£
£
Fixed assets
Investments
4
312,716
215,342
Current assets
Cash at bank and in hand
17,998
149,228
Creditors: amounts falling due within one year
5
( 1,279)
( 38,783)
-----------
-----------
Net current assets
16,719
110,445
-----------
-----------
Total assets less current liabilities
329,435
325,787
-----------
-----------
Net assets
329,435
325,787
-----------
-----------
Premiss Limited
Statement of Financial Position (continued)
31 October 2023
2023
2022
Note
£
£
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
328,435
324,787
-----------
-----------
Shareholders funds
329,435
325,787
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 5 April 2024 , and are signed on behalf of the board by:
Mrs A C Willis
Director
Company registration number: 04229161
Premiss Limited
Notes to the Financial Statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Stockhull House, Cotheridge, Worcester, WR6 5LZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4. Investments
Other investments other than loans
£
Cost
At 1 November 2022
215,342
Additions
120,888
Disposals
( 19,175)
Revaluations
( 4,339)
-----------
At 31 October 2023
312,716
-----------
Impairment
At 1 November 2022 and 31 October 2023
-----------
Carrying amount
At 31 October 2023
312,716
-----------
At 31 October 2022
215,342
-----------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
507
38,011
Other creditors
772
772
-----------
-----------
1,279
38,783
-----------
-----------
6. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Mrs A C Willis
-----------
-----------
-----------
2022
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Mrs A C Willis
( 175,607)
175,607
-----------
-----------
-----------