1 October 2022 v2024.44.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBPSC3629652022-10-012023-09-30SC3629652023-09-30SC3629652022-09-30SC362965core:WithinOneYear2023-09-30SC362965core:WithinOneYear2022-09-30SC362965core:AfterOneYear2023-09-30SC362965core:AfterOneYear2022-09-30SC362965core:ShareCapital2023-09-30SC362965core:ShareCapital2022-09-30SC362965core:RetainedEarningsAccumulatedLosses2023-09-30SC362965core:RetainedEarningsAccumulatedLosses2022-09-30SC362965bus:Director12022-10-012023-09-30SC362965bus:RegisteredOffice2022-10-012023-09-30SC362965core:LandBuildings2022-10-012023-09-30SC362965core:PlantMachinery2022-10-012023-09-30SC362965core:MotorVehicles2022-10-012023-09-30SC3629652021-10-012022-09-30SC362965core:LandBuildings2023-09-30SC362965core:PlantMachinery2023-09-30SC362965core:PlantMachinery2022-10-01SC3629652022-10-01SC362965core:LandBuildings2022-09-30SC362965core:PlantMachinery2022-09-30SC36296512022-10-012023-09-30SC362965countries:Scotland2022-10-012023-09-30SC362965bus:AuditExemptWithAccountantsReport2022-10-012023-09-30SC362965bus:PrivateLimitedCompanyLtd2022-10-012023-09-30SC362965bus:SmallEntities2022-10-012023-09-30SC362965bus:FullAccounts2022-10-012023-09-30
Company registration number:
SC362965
Primus Real Estate UK Ltd
Unaudited Filleted Financial Statements for the year ended
30 September 2023
Primus Real Estate UK Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Primus Real Estate UK Ltd
Year ended
30 September 2023
As described on the statement of financial position, the Board of Directors of
Primus Real Estate UK Ltd
are responsible for the preparation of the
financial statements
for the year ended
30 September 2023
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
NKA Chartered Certified Accountants
4 Lynedoch Place
Glasgow
G3 6AB
United Kingdom
Date:
26 September 2024
Primus Real Estate UK Ltd
Statement of Financial Position
30 September 2023
20232022
Note££
Fixed assets    
Tangible assets 5
2,537,557
 
2,540,911
 
Current assets    
Debtors 6
196,993
 
63,675
 
Cash at bank and in hand
106,720
 
231,505
 
303,713
 
295,180
 
Creditors: amounts falling due within one year 7
(1,578,657
)
(1,642,305
)
Net current liabilities
(1,274,944
)
(1,347,125
)
Total assets less current liabilities 1,262,613   1,193,786  
Creditors: amounts falling due after more than one year 8
(142,799
)
(166,664
)
Net assets
1,119,814
 
1,027,122
 
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
1,119,813
 
1,027,121
 
Shareholders funds
1,119,814
 
1,027,122
 
For the year ending
30 September 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
26 September 2024
, and are signed on behalf of the board by:
R Singh
Director
Company registration number:
SC362965
Primus Real Estate UK Ltd
Notes to the Financial Statements
Year ended
30 September 2023

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
4-5 Mitchell Street
,
Edinburgh
,
EH6 7BD
, Scotland.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received , net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are measured at cost less any accumulated depreciation.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
NIL
Plant and machinery
15% straight line
Motor vehicles
25% straight line

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2022:
2.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 October 2022
and
30 September 2023
2,534,202
 
72,313
 
2,606,515
 
Depreciation      
At
1 October 2022
-  
65,604
 
65,604
 
Charge -  
3,354
 
3,354
 
At
30 September 2023
-  
68,958
 
68,958
 
Carrying amount      
At
30 September 2023
2,534,202
 
3,355
 
2,537,557
 
At 30 September 2022
2,534,202
 
6,709
 
2,540,911
 

6 Debtors

20232022
££
Trade debtors
106,301
 
31,295
 
Other debtors
90,692
 
32,380
 
196,993
 
63,675
 

7 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts
25,000
 
25,000
 
Trade creditors
12,904
 
1,965
 
Amounts owed to group undertakings and undertakings in which the company has a participating interest
716,176
 
554,326
 
Taxation and social security
45,544
 
87,658
 
Other creditors
779,033
 
973,356
 
1,578,657
 
1,642,305
 

8 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
142,799
 
166,664