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COMPANY REGISTRATION NUMBER: 3886835
Premier Processing Services Limited
Unaudited Financial Statements
31 March 2024
Premier Processing Services Limited
Financial Statements
Year ended 31 March 2024
Contents
Page
Directors' report
1
Statement of financial position
2
Notes to the financial statements
3
Premier Processing Services Limited
Directors' Report
Year ended 31 March 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2024 .
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial year. It is anticipated that the company will remain dormant for the foreseeable future.
Directors
The directors who served the company during the year were as follows:
A C G Brown
Z Bilgrami
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 24 December 2024 and signed on behalf of the board by:
A C G Brown
Director
Registered office:
6 The Courtyard
Buntsford Gate
Buntsford Drive
Bromsgrove
Worcestershire
B60 3DJ
Premier Processing Services Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Creditors: amounts falling due within one year
4
( 184,695)
( 184,695)
---------
---------
Net current liabilities
( 184,695)
( 184,695)
---------
---------
Total assets less current liabilities
( 184,695)
( 184,695)
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 184,697)
( 184,697)
---------
---------
Shareholders deficit
( 184,695)
( 184,695)
---------
---------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
- 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 24 December 2024 , and are signed on behalf of the board by:
A C G Brown
Director
Company registration number: 3886835
Premier Processing Services Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 The Courtyard, Buntsford Gate, Buntsford Drive, Bromsgrove, Worcestershire, B60 3DJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders deficit during the current year or prior year.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
184,695
184,695
---------
---------
5. Related party transactions
The company is under the control of Mortgage Brain Holdings Ltd and has taken advantage of the exemption offered by FRS 102 from disclosing transactions and balances with other wholly owned subsidiaries.
6. Controlling party
The ultimate parent company is Mortgage Brain Holdings Limited , a company incorporated in England and Wales under company number 03887371. Mortgage Brain Holdings Limited is the largest and smallest group in which the results and position of the company are consolidated. The consolidated accounts are publicly available from Companies House, Cardiff.