Company registration number:
SC378705
Premus Property Limited
Unaudited filleted financial statements
31 May 2024
Premus Property Limited
Contents
Directors and other information
Directors responsibilities statement
Accountants report
Statement of financial position and notes to the financial statements
Premus Property Limited
Directors and other information
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Directors |
Mrs Gillian Hill |
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Company number |
SC378705 |
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Registered office |
11 Robert Smith Place |
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Lugton Brae |
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Dalkeith |
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EH22 1JF |
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Business address |
11 Robert Smith Place |
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Lugton Brae |
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Dalkeith |
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EH22 1JF |
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Accountants |
Ian J Brown and Company |
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4 Lothian Street |
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Dalkeith |
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Edinburgh |
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Midlothian |
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EH22 1DS |
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Premus Property Limited
Directors responsibilities statement
Year ended 31 May 2024
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
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select suitable accounting policies and then apply them consistently;
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make judgments and accounting estimates that are reasonable and prudent; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Premus Property Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Premus Property Limited
Year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Premus Property Limited for the year ended 31 May 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of Premus Property Limited, as a body, in accordance with the terms of our engagement letter dated 16 February 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Premus Property Limited and state those matters that we have agreed to state to the board of directors of Premus Property Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Premus Property Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Premus Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Premus Property Limited. You consider that Premus Property Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Premus Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ian J Brown and Company
Chartered Accountants
4 Lothian Street
Dalkeith
Edinburgh
Midlothian
EH22 1DS
15 October 2024
Premus Property Limited
Statement of financial position
31 May 2024
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2024 |
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2023 |
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£ |
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£ |
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Fixed assets |
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406 |
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541 |
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_______ |
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Current assets |
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15,129 |
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15,413 |
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Creditors: amounts falling due within one year |
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(
21,521) |
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16,161) |
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_______ |
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Net current liabilities |
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6,392) |
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748) |
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Total assets less current liabilities |
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(
5,986) |
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207) |
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Accruals and deferred income |
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(
780) |
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(
834) |
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_______ |
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Net liabilities |
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(
6,766) |
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(
1,041) |
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_______ |
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_______ |
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Capital and reserves |
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(
6,766) |
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(
1,041) |
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_______ |
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Notes to the financial statements
Premus Property Limited
Year ended 31 May 2024
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2024 |
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2023 |
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£ |
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£ |
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Fixed assets |
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406 |
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541 |
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_______ |
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_______ |
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Current assets |
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15,129 |
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15,413 |
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Creditors: amounts falling due within one year |
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(
21,521) |
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(
16,161) |
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_______ |
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_______ |
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Net current liabilities |
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(
6,392) |
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(
748) |
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_______ |
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_______ |
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Total assets less current liabilities |
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(
5,986) |
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(
207) |
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Accruals and deferred income |
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(
780) |
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(
834) |
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_______ |
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_______ |
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Net liabilities |
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(
6,766) |
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(
1,041) |
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Capital and reserves |
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(
6,766) |
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(
1,041) |
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_______ |
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Notes to the financial statements
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
15 October 2024
, and are signed on behalf of the board by:
Mrs Gillian Hill
Director
Company registration number:
SC378705
The company is a private company limited by shares, registered in Scotland.