Registered number
10942276
Prime Timber Buildings Limited
Filleted Accounts
31 October 2023
Prime Timber Buildings Limited
Registered number: 10942276
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 295,854 295,854
Current assets
Cash at bank and in hand 33,590 9,698
Creditors: amounts falling due within one year 4 (360) (20,680)
Net current assets/(liabilities) 33,230 (10,982)
Net assets 329,084 284,872
Capital and reserves
Called up share capital 100 100
Profit and loss account 328,984 284,772
Shareholders' funds 329,084 284,872
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Sarah Macey
Director
Approved by the board on 9 July 2024
Prime Timber Buildings Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 November 2022 295,854
At 31 October 2023 295,854
4 Creditors: amounts falling due within one year 2023 2022
£ £
Directors Loan Account - 19,600
Accruals 360 1,080
360 20,680
5 Other information
Prime Timber Buildings Limited is a private company limited by shares and incorporated in England. Its registered office is:
Pallinghurst Farm
Guildford Road
Horsham
West Sussex
RH12 3BQ
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