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REGISTERED NUMBER: 11221001 (England and Wales)


















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Primett Holdings Limited

Primett Holdings Limited (Registered number: 11221001)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Primett Holdings Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mrs L A Wilson





REGISTERED OFFICE: 23 Woburn Street
Ampthill
Bedfordshire
MK45 2HP





REGISTERED NUMBER: 11221001 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH

Primett Holdings Limited (Registered number: 11221001)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 420,000 411,319

CURRENT ASSETS
Debtors 5 956 752
Cash at bank 2,121 20,925
3,077 21,677
CREDITORS
Amounts falling due within one year 6 391,652 411,021
NET CURRENT LIABILITIES (388,575 ) (389,344 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,425

21,975

PROVISIONS FOR LIABILITIES 3,492 1,843
NET ASSETS 27,933 20,132

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 7 15,694 8,662
Retained earnings 12,238 11,469
27,933 20,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 1 August 2024 and were signed by:



Mrs L A Wilson - Director


Primett Holdings Limited (Registered number: 11221001)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Primett Holdings Limited 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 as modified by the revaluation of certain assets.

Revenue
Turnover is measured at the fair value of the consideration received or receivable including VAT. Revenue from the rental of investment properties is recognised evenly over the term of the lease.

Investment property
Investment property is carried out at fair value determined annually by external valuers and derived from the current ,market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

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.

Debtors and creditors receivable / payable within on year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Primett Holdings Limited (Registered number: 11221001)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 411,319
Revaluations 8,681
At 29 February 2024 420,000
NET BOOK VALUE
At 29 February 2024 420,000
At 28 February 2023 411,319


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 956 752

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 866 589
Taxation and social security 181 2,282
Other creditors 390,605 408,150
391,652 411,021

7. RESERVES
Fair
value
reserve
£   
At 1 March 2023 8,662
Revaluation Transfer 7,032

At 29 February 2024 15,694