2023-01-012023-12-312023-12-31false12410069PRIME SOURCE INVESTMENTS LIMITED2024-09-25iso4217:GBPxbrli:pure124100692023-01-01124100692023-12-31124100692023-01-012023-12-31124100692022-01-01124100692022-12-31124100692022-01-012022-12-3112410069bus:SmallEntities2023-01-012023-12-3112410069bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3112410069bus:AbridgedAccounts2023-01-012023-12-3112410069bus:PrivateLimitedCompanyLtd2023-01-012023-12-3112410069core:WithinOneYear2023-12-3112410069core:AfterOneYear2023-12-3112410069core:WithinOneYear2022-12-3112410069core:AfterOneYear2022-12-3112410069core:ShareCapital2023-12-3112410069core:SharePremium2023-12-3112410069core:RevaluationReserve2023-12-3112410069core:OtherReservesSubtotal2023-12-3112410069core:RetainedEarningsAccumulatedLosses2023-12-3112410069core:ShareCapital2022-12-3112410069core:SharePremium2022-12-3112410069core:RevaluationReserve2022-12-3112410069core:OtherReservesSubtotal2022-12-3112410069core:RetainedEarningsAccumulatedLosses2022-12-3112410069core:LandBuildings2023-12-3112410069core:PlantMachinery2023-12-3112410069core:Vehicles2023-12-3112410069core:FurnitureFittings2023-12-3112410069core:OfficeEquipment2023-12-3112410069core:NetGoodwill2023-12-3112410069core:IntangibleAssetsOtherThanGoodwill2023-12-3112410069core:ListedExchangeTraded2023-12-3112410069core:UnlistedNon-exchangeTraded2023-12-3112410069core:LandBuildings2022-12-3112410069core:PlantMachinery2022-12-3112410069core:Vehicles2022-12-3112410069core:FurnitureFittings2022-12-3112410069core:OfficeEquipment2022-12-3112410069core:NetGoodwill2022-12-3112410069core:IntangibleAssetsOtherThanGoodwill2022-12-3112410069core:ListedExchangeTraded2022-12-3112410069core:UnlistedNon-exchangeTraded2022-12-3112410069core:LandBuildings2023-01-012023-12-3112410069core:PlantMachinery2023-01-012023-12-3112410069core:Vehicles2023-01-012023-12-3112410069core:FurnitureFittings2023-01-012023-12-3112410069core:OfficeEquipment2023-01-012023-12-3112410069core:NetGoodwill2023-01-012023-12-3112410069core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112410069core:ListedExchangeTraded2023-01-012023-12-3112410069core:UnlistedNon-exchangeTraded2023-01-012023-12-3112410069core:MoreThanFiveYears2023-01-012023-12-3112410069core:Non-currentFinancialInstruments2023-12-3112410069core:Non-currentFinancialInstruments2022-12-3112410069dpl:CostSales2023-01-012023-12-3112410069dpl:DistributionCosts2023-01-012023-12-3112410069core:LandBuildings2023-01-012023-12-3112410069core:PlantMachinery2023-01-012023-12-3112410069core:Vehicles2023-01-012023-12-3112410069core:FurnitureFittings2023-01-012023-12-3112410069core:OfficeEquipment2023-01-012023-12-3112410069dpl:AdministrativeExpenses2023-01-012023-12-3112410069core:NetGoodwill2023-01-012023-12-3112410069core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112410069dpl:GroupUndertakings2023-01-012023-12-3112410069dpl:ParticipatingInterests2023-01-012023-12-3112410069dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3112410069core:ListedExchangeTraded2023-01-012023-12-3112410069dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3112410069core:UnlistedNon-exchangeTraded2023-01-012023-12-3112410069dpl:CostSales2022-01-012022-12-3112410069dpl:DistributionCosts2022-01-012022-12-3112410069core:LandBuildings2022-01-012022-12-3112410069core:PlantMachinery2022-01-012022-12-3112410069core:Vehicles2022-01-012022-12-3112410069core:FurnitureFittings2022-01-012022-12-3112410069core:OfficeEquipment2022-01-012022-12-3112410069dpl:AdministrativeExpenses2022-01-012022-12-3112410069core:NetGoodwill2022-01-012022-12-3112410069core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3112410069dpl:GroupUndertakings2022-01-012022-12-3112410069dpl:ParticipatingInterests2022-01-012022-12-3112410069dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3112410069core:ListedExchangeTraded2022-01-012022-12-3112410069dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3112410069core:UnlistedNon-exchangeTraded2022-01-012022-12-3112410069core:NetGoodwill2023-12-3112410069core:IntangibleAssetsOtherThanGoodwill2023-12-3112410069core:LandBuildings2023-12-3112410069core:PlantMachinery2023-12-3112410069core:Vehicles2023-12-3112410069core:FurnitureFittings2023-12-3112410069core:OfficeEquipment2023-12-3112410069core:AfterOneYear2023-12-3112410069core:WithinOneYear2023-12-3112410069core:ListedExchangeTraded2023-12-3112410069core:UnlistedNon-exchangeTraded2023-12-3112410069core:ShareCapital2023-12-3112410069core:SharePremium2023-12-3112410069core:RevaluationReserve2023-12-3112410069core:OtherReservesSubtotal2023-12-3112410069core:RetainedEarningsAccumulatedLosses2023-12-3112410069core:NetGoodwill2022-12-3112410069core:IntangibleAssetsOtherThanGoodwill2022-12-3112410069core:LandBuildings2022-12-3112410069core:PlantMachinery2022-12-3112410069core:Vehicles2022-12-3112410069core:FurnitureFittings2022-12-3112410069core:OfficeEquipment2022-12-3112410069core:AfterOneYear2022-12-3112410069core:WithinOneYear2022-12-3112410069core:Listed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PRIME SOURCE INVESTMENTS LIMITED

Registered Number
12410069
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

PRIME SOURCE INVESTMENTS LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

MARSH, Clare
MARSH, Ian

Registered Address

5 Forest Drive
Fyfield
Ongar
CM5 0TP

Registered Number

12410069 (England and Wales)
PRIME SOURCE INVESTMENTS LIMITED
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investments4300200
300200
Current assets
Debtors51,034,785144,947
Cash at bank and on hand9,872170,557
1,044,657315,504
Creditors amounts falling due within one year6(10,960)(4,900)
Net current assets (liabilities)1,033,697310,604
Total assets less current liabilities1,033,997310,804
Net assets1,033,997310,804
Capital and reserves
Called up share capital210210
Share premium1616
Profit and loss account1,033,771310,578
Shareholders' funds1,033,997310,804
The financial statements were approved and authorised for issue by the Board of Directors on 25 September 2024, and are signed on its behalf by:
MARSH, Ian
Director
Registered Company No. 12410069
PRIME SOURCE INVESTMENTS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
Prime Source Investments Limited is a private company, limited by shares, and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
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.
Investments
Investments in subsidiaries undertakings are recognised at cost.
2.Average number of employees

20232022
Average number of employees during the year00
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Fixed asset investments
Investments in subsidiary undertakings are recognised at cost.

Total

£
Cost or valuation
At 01 January 23200
Additions100
At 31 December 23300
Net book value
At 31 December 23300
At 31 December 22200
5.Debtors: amounts due within one year

2023

2022

££
Amounts owed by group undertakings1,034,785144,945
Other debtors-2
Total1,034,785144,947
Amounts owed by associates PSML - £889,840 PSDL - £144,945
6.Creditors: amounts due within one year

2023

2022

££
Amounts owed to related parties-4,100
Dividends payable10,000-
Accrued liabilities and deferred income960800
Total10,9604,900
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
MARSH, Clare1010
MARSH, Ian1010
2020
8.Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds. Allotted, issued and fully paid: Number: Class: Nominal 2023 value: £1 -202 A Ordinary Share £1 - 4 H Ordinary Share £1 - 4