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REGISTERED NUMBER: 08756270 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST DECEMBER 2022 TO 30TH APRIL 2024

FOR

PREMIER PORTFOLIO LIMITED

PREMIER PORTFOLIO LIMITED (REGISTERED NUMBER: 08756270)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST DECEMBER 2022 TO 30TH APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIER PORTFOLIO LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST DECEMBER 2022 TO 30TH APRIL 2024







DIRECTOR: RP Monaghan





REGISTERED OFFICE: Roofing House
Unit F, 6 Earlstree Court
Earlstree Road
Corby
Northamptonshire
NN17 4AX





REGISTERED NUMBER: 08756270 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

PREMIER PORTFOLIO LIMITED (REGISTERED NUMBER: 08756270)

BALANCE SHEET
30TH APRIL 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 450,000 450,000
Investment property 5 2,345,000 2,530,000
2,795,000 2,980,000

CURRENT ASSETS
Debtors 6 308,186 192,899
Cash at bank 2,119 10,530
310,305 203,429
CREDITORS
Amounts falling due within one year 7 1,007,978 849,300
NET CURRENT LIABILITIES (697,673 ) (645,871 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,097,327

2,334,129

CREDITORS
Amounts falling due after more than one
year

8

(1,339,206

)

(1,285,546

)

PROVISIONS FOR LIABILITIES (135,306 ) (172,837 )
NET ASSETS 622,815 875,746

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 98,494 93,587
Fair value reserve 10 348,434 678,051
Retained earnings 175,787 104,008
SHAREHOLDERS' FUNDS 622,815 875,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PREMIER PORTFOLIO LIMITED (REGISTERED NUMBER: 08756270)

BALANCE SHEET - continued
30TH APRIL 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 director and authorised for issue on 27th November 2024 and were signed by:





RP Monaghan - Director


PREMIER PORTFOLIO LIMITED (REGISTERED NUMBER: 08756270)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST DECEMBER 2022 TO 30TH APRIL 2024


1. STATUTORY INFORMATION

Premier Portfolio Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - 2% on cost.

Freehold property is shown at the director's best estimate of valuation with changes recognised in other comprehensive income, net of deferred tax.

Investment property
Investment property is measured at the director's best estimate of fair value with changes recognised in the profit and loss account. Aggregate changes, net of deferred tax, are transferred to the fair value reserve.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PREMIER PORTFOLIO LIMITED (REGISTERED NUMBER: 08756270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST DECEMBER 2022 TO 30TH APRIL 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company is party to only the basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1st December 2022
and 30th April 2024 450,000
DEPRECIATION
Charge for period 12,750
Reclassification/transfer (12,750 )
At 30th April 2024 -
NET BOOK VALUE
At 30th April 2024 450,000
At 30th November 2022 450,000

Cost or valuation at 30th April 2024 is represented by:

Land and
buildings
£   
Valuation in 2021 63,783
Valuation in 2022 25,000
Cost 361,217
450,000

PREMIER PORTFOLIO LIMITED (REGISTERED NUMBER: 08756270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST DECEMBER 2022 TO 30TH APRIL 2024


4. TANGIBLE FIXED ASSETS - continued

If land and buildings had not been revalued they would have been included at the following historical cost:

2024 2022
£    £   
Cost 361,217 361,217
Aggregate depreciation 28,897 21,673

Land and buildings were valued on an open market basis on 30th April 2024 by the director .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st December 2022 2,530,000
Additions 187,475
Revaluations (372,475 )
At 30th April 2024 2,345,000
NET BOOK VALUE
At 30th April 2024 2,345,000
At 30th November 2022 2,530,000

Fair value at 30th April 2024 is represented by:
£   
Valuation in 2021 601,556
Valuation in 2022 232,462
Valuation in 2024 (372,474 )
Cost 1,883,456
2,345,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2022
£    £   
Cost 1,883,456 1,695,982

Investment property was valued on an open market basis on 30th April 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Other debtors 308,186 192,899

PREMIER PORTFOLIO LIMITED (REGISTERED NUMBER: 08756270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST DECEMBER 2022 TO 30TH APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 20,141 39,568
Taxation and social security 21,605 19,526
Other creditors 966,232 790,206
1,007,978 849,300

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2022
£    £   
Bank loans 1,339,206 1,285,546

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalment 1,241,550 1,121,370
1,241,550 1,121,370

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2022
£    £   
Bank loans 1,359,347 1,325,114

10. RESERVES
Fair
Revaluation value
reserve reserve Totals
£    £    £   
At 1st December 2022 93,587 678,051 771,638
Property revaluation 7,423 (329,617 ) (322,194 )
Reserve transfer (2,516 ) - (2,516 )

At 30th April 2024 98,494 348,434 446,928

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 30th April 2024 £299,986 was advanced to the director of the company.

PREMIER PORTFOLIO LIMITED (REGISTERED NUMBER: 08756270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST DECEMBER 2022 TO 30TH APRIL 2024


12. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.