IRIS Accounts Production v24.3.0.553 13179101 director 1.3.23 29.2.24 29.2.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh131791012023-02-28131791012024-02-29131791012023-03-012024-02-29131791012022-02-28131791012022-03-012023-02-28131791012023-02-2813179101ns15:EnglandWales2023-03-012024-02-2913179101ns14:PoundSterling2023-03-012024-02-2913179101ns10:Director12023-03-012024-02-2913179101ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2913179101ns10:SmallEntities2023-03-012024-02-2913179101ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2913179101ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2913179101ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2913179101ns10:FullAccounts2023-03-012024-02-2913179101ns10:RegisteredOffice2023-03-012024-02-2913179101ns5:CurrentFinancialInstruments2024-02-2913179101ns5:CurrentFinancialInstruments2023-02-2813179101ns5:ShareCapital2024-02-2913179101ns5:ShareCapital2023-02-2813179101ns5:RetainedEarningsAccumulatedLosses2024-02-2913179101ns5:RetainedEarningsAccumulatedLosses2023-02-2813179101ns5:PlantMachinery2023-03-012024-02-2913179101ns5:FurnitureFittings2023-03-012024-02-2913179101ns5:ComputerEquipment2023-03-012024-02-2913179101ns5:PlantMachinery2023-02-2813179101ns5:FurnitureFittings2023-02-2813179101ns5:ComputerEquipment2023-02-2813179101ns5:PlantMachinery2024-02-2913179101ns5:FurnitureFittings2024-02-2913179101ns5:ComputerEquipment2024-02-2913179101ns5:PlantMachinery2023-02-2813179101ns5:FurnitureFittings2023-02-2813179101ns5:ComputerEquipment2023-02-2813179101ns5:CostValuation2023-02-2813179101ns5:RevaluationsIncreaseDecreaseInInvestments2024-02-2913179101ns5:CostValuation2024-02-2913179101ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2913179101ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2813179101ns5:DeferredTaxation2023-02-2813179101ns5:DeferredTaxation2024-02-29
REGISTERED NUMBER: 13179101 (England and Wales)











Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Primrose Group Realty Limited

Primrose Group Realty Limited (Registered number: 13179101)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Primrose Group Realty Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: B R Mullin





REGISTERED OFFICE: Leofric House
18B Binley Road
Coventry
West Midlands
CV3 1JN





REGISTERED NUMBER: 13179101 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Primrose Group Realty Limited (Registered number: 13179101)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,261 3,061
Investments 5 48,607 45,743
Investment property 6 903,018 805,099
973,886 853,903

CURRENT ASSETS
Debtors 7 10,115 10,820
Cash at bank 11,830 65,059
21,945 75,879
CREDITORS
Amounts falling due within one year 8 1,043,601 950,857
NET CURRENT LIABILITIES (1,021,656 ) (874,978 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(47,770

)

(21,075

)

PROVISIONS FOR LIABILITIES 9 892 765
NET LIABILITIES (48,662 ) (21,840 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (48,762 ) (21,940 )
(48,662 ) (21,840 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Primrose Group Realty Limited (Registered number: 13179101)

Balance Sheet - continued
29 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2024 and were signed by:





B R Mullin - Director


Primrose Group Realty Limited (Registered number: 13179101)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Primrose Group Realty 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 3 years

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Fixed asset investments
Unlisted investments are measured at fair value, with changes in fair value recognised in the income statement. Where it is not possible to measure the fair value reliably, unlisted investments are measure at the cost less impairment.

Primrose Group Realty Limited (Registered number: 13179101)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Going concern
As at the balance sheet date the company's liabilities exceed its assets by £48,662 (2023: £21,840). This deficit is funded by the other companies within the group. The company is therefore reliant on the continued financial support of the other group companies in order to enable it to continue trading. In the opinion of the directors, this support will continue for the foreseeable future, in which circumstances, it is considered appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result in the company ceasing to trade.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 216 2,387 460 3,063
Additions 6,108 14,845 2,747 23,700
At 29 February 2024 6,324 17,232 3,207 26,763
DEPRECIATION
At 1 March 2023 2 - - 2
Charge for year 752 2,907 841 4,500
At 29 February 2024 754 2,907 841 4,502
NET BOOK VALUE
At 29 February 2024 5,570 14,325 2,366 22,261
At 28 February 2023 214 2,387 460 3,061

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2023 45,743
Revaluations 2,864
At 29 February 2024 48,607
NET BOOK VALUE
At 29 February 2024 48,607
At 28 February 2023 45,743

Primrose Group Realty Limited (Registered number: 13179101)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 29 February 2024 is represented by:

Other
investments
£   
Valuation in 2023 (1,812 )
Valuation in 2024 2,864
Cost 47,555
48,607

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 805,099
Additions 97,919
At 29 February 2024 903,018
NET BOOK VALUE
At 29 February 2024 903,018
At 28 February 2023 805,099

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Amounts owed by group undertakings 169 165
Other debtors 9,946 10,655
10,115 10,820

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors - 600
Amounts owed to group undertakings 1,039,963 947,757
Other creditors 3,638 2,500
1,043,601 950,857

9. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 892 765

Primrose Group Realty Limited (Registered number: 13179101)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2023 765
Deferred Tax Movement 127
Balance at 29 February 2024 892

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the period by Mr B R Mullin by virtue of his shareholding in the issued ordinary share capital of the ultimate parent company, B R Mullin Holdings Limited.

The registered office of B R Mullin Holdings Limited is Leofric House, Binley Road, Coventry, West Midlands, England, CV3 1JN.