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REGISTERED NUMBER: 14132122 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

PRIME RESIDENTIAL SUSSEX LTD

PRIME RESIDENTIAL SUSSEX LTD (REGISTERED NUMBER: 14132122)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRIME RESIDENTIAL SUSSEX LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mrs C Osborn - Prime
Mr R Prime





REGISTERED OFFICE: Archer House
Britland Estate
Northbourne Road
Eastbourne
BN22 8PW





REGISTERED NUMBER: 14132122 (England and Wales)





ACCOUNTANTS: Dominic Hill Associates Limited
Archer House
Britland Estate
Northbourne Road
Eastbourne
BN22 8PW

PRIME RESIDENTIAL SUSSEX LTD (REGISTERED NUMBER: 14132122)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 155,000 155,000

CURRENT ASSETS
Debtors 5 - 216
Cash at bank 4,591 2,865
4,591 3,081
CREDITORS
Amounts falling due within one year 6 45,302 43,357
NET CURRENT LIABILITIES (40,711 ) (40,276 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,289

114,724

CREDITORS
Amounts falling due after more than one
year

7

120,000

120,000
NET LIABILITIES (5,711 ) (5,276 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (5,713 ) (5,278 )
SHAREHOLDERS' FUNDS (5,711 ) (5,276 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PRIME RESIDENTIAL SUSSEX LTD (REGISTERED NUMBER: 14132122)

BALANCE SHEET - continued
31 MAY 2024


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 Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:




Mrs C Osborn - Prime - Director



Mr R Prime - Director


PRIME RESIDENTIAL SUSSEX LTD (REGISTERED NUMBER: 14132122)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Prime Residential Sussex Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 155,000
NET BOOK VALUE
At 31 May 2024 155,000
At 31 May 2023 155,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 216

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 45,302 43,357

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 120,000 120,000

PRIME RESIDENTIAL SUSSEX LTD (REGISTERED NUMBER: 14132122)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors is a loan from the Directors, there is no fixed term for repayment. Interest on this loan has been charged at 5%.

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.