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Company Registration No. 10595944 (England and Wales)
Premier Dwellings Limited Unaudited accounts for the year ended 31 March 2024
Premier Dwellings Limited Unaudited accounts Contents
Page
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Premier Dwellings Limited Company Information for the year ended 31 March 2024
Directors
T Ranu K Dosanjh
Company Number
10595944 (England and Wales)
Registered Office
123 Cross Lane East Gravesend Kent DA12 5HA
Accountants
Clayton Stirling 123 Cross Lane East Gravesend Kent DA12 5HA
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Premier Dwellings Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
667,827 
300,000 
Current assets
Debtors
35,045 
117,127 
Cash at bank and in hand
55 
186 
35,100 
117,313 
Creditors: amounts falling due within one year
(299,490)
(4,803)
Net current (liabilities)/assets
(264,390)
112,510 
Total assets less current liabilities
403,437 
412,510 
Creditors: amounts falling due after more than one year
(228,178)
(232,316)
Provisions for liabilities
Deferred tax
(49,067)
(37,291)
Net assets
126,192 
142,903 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
126,092 
142,803 
Shareholders' funds
126,192 
142,903 
For the year ending 31 March 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 December 2024 and were signed on its behalf by
T Ranu Director Company Registration No. 10595944
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Premier Dwellings Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Premier Dwellings Limited is a private company, limited by shares, registered in England and Wales, registration number 10595944. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 April 2023
300,000 
Additions
367,827 
At 31 March 2024
667,827 
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Premier Dwellings Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
34,521 
116,103 
Accrued income and prepayments
524 
1,024 
35,045 
117,127 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
297,777 
3,644 
Taxes and social security
- 
201 
Loans from directors
800 
- 
Accruals
913 
958 
299,490 
4,803 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
228,178 
232,316 
The above loan is secured by a fixed and floating charge over the company's assets.
8
Transactions with related parties
Included within other debtors are amounts due from companies controlled by the Directors.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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