Company registration number 04596239 (England and Wales)
PRIMEHAVEN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
PRIMEHAVEN LIMITED
COMPANY INFORMATION
Director
K Hurhangee
Secretary
Mrs Y Amin
Company number
04596239
Registered office
134 Buckingham Palace Road
London
SW1W 9SA
Accountants
Magus Chartered Accountants
134 Buckingham Palace Road
London
SW1W 9SA
Business address
1 Catherine Place
London
SW1E 6DX
PRIMEHAVEN LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
PRIMEHAVEN LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
184
Investment property
4
1,190,476
1,000,000
Investments
5
1
1
1,190,477
1,000,185
Current assets
Debtors
6
2,716,752
2,660,687
Cash at bank and in hand
428,822
579,141
3,145,574
3,239,828
Creditors: amounts falling due within one year
7
(3,244,691)
(3,129,256)
Net current (liabilities)/assets
(99,117)
110,572
Total assets less current liabilities
1,091,360
1,110,757
Creditors: amounts falling due after more than one year
8
(200,699)
(213,872)
Net assets
890,661
896,885
Capital and reserves
Called up share capital
10
100
100
Revaluation reserve
2,072,389
2,072,389
Profit and loss reserves
(1,181,828)
(1,175,604)
Total equity
890,661
896,885
PRIMEHAVEN LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2023
30 November 2023
- 2 -

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 his responsibilities for complying with the requirements of the Companies Act 2006 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.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 25 November 2024
K Hurhangee
Director
Company registration number 04596239 (England and Wales)
PRIMEHAVEN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
1
Accounting policies
Company information

Primehaven Limited is a private company limited by shares incorporated in England and Wales. The registered office is 134 Buckingham Palace Road, London, SW1W 9SA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover represents amounts receivable for rents less value added tax from investment properties.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% reducing balance basis
1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Fixed asset investments

Fixed asset investment are stated at cost less provision for diminution in value.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

PRIMEHAVEN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 December 2022 and 30 November 2023
49,936
Depreciation and impairment
At 1 December 2022
49,751
Depreciation charged in the year
185
At 30 November 2023
49,936
Carrying amount
At 30 November 2023
-
0
At 30 November 2022
184
4
Investment property
2023
£
Fair value
At 1 December 2022
1,000,000
Additions
190,476
At 30 November 2023
1,190,476
5
Fixed asset investments
2023
2022
£
£
Investments
1
1
PRIMEHAVEN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
5
Fixed asset investments
(Continued)
- 5 -

The company has a wholly owned subsidiary, Palace Street Property Limited. Palace Street Property Limited is a parent undertaking to the following wholly owned companies:

 

 

The results for the period and net book value of the above companies are shown in the accounts of Palace Street Property Limited.

 

6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
2,716,752
2,660,687
7
Creditors: amounts falling due within one year
2023
2022
£
£
Trade and other creditors
3,084,013
2,959,379
Taxation and social security
5,164
17,115
Accruals and deferred income
155,514
152,762
3,244,691
3,129,256

 

8
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Other borrowings
9
200,699
213,872
9
Loans and overdrafts
2023
2022
£
£
Other loans
200,699
213,872
Payable after one year
200,699
213,872

The loan is secured by a fixed and floating charge over the assets of the company.

PRIMEHAVEN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 6 -
10
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
100
100
100
100
11
Related party transactions

The company owed it's shareholders £200,699 ( 2022 - £213,872).

12
Ultimate parent company

The company was under the control of Westminster Properties Limited for the period under review.

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