1 October 2023 false Taxfiler 2024.6.1 13615487business:PrivateLimitedCompanyLtd2023-10-012024-09-30 136154872023-09-30 136154872023-10-012024-09-30 13615487business:AuditExemptWithAccountantsReport2023-10-012024-09-30 13615487business:FilletedAccounts2023-10-012024-09-30 136154872024-09-30 13615487business:Director12023-10-012024-09-30 13615487business:RegisteredOffice2023-10-012024-09-30 136154872023-09-30 13615487core:WithinOneYear2024-09-30 13615487core:WithinOneYear2023-09-30 13615487core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 13615487core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 13615487core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 13615487core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 13615487core:PreviouslyStatedAmount2024-09-30 13615487core:PreviouslyStatedAmount2023-09-30 13615487business:SmallEntities2023-10-012024-09-30 13615487countries:EnglandWales2023-10-012024-09-30 13615487core:LandBuildings2023-09-30 13615487core:LandBuildings2024-09-30 13615487core:AfterOneYear2024-09-30 13615487core:AfterOneYear2023-09-30 136154872022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. 13615487 (England and Wales)
PRIMLEY PROPERTY LTD unaudited financial statements for the year ended 30 September 2024
PRIMLEY PROPERTY LTD unaudited financial statements Contents
Page
- 2 -
PRIMLEY PROPERTY LTD Company Information for the year ended 30 September 2024
Director
Mohammad Waseem JAVEED
Company Number
13615487 (England and Wales)
Registered Office
39A QUEENS ROAD LEEDS WEST YORKSHIRE LS6 1NY UNITED KINGDOM
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
- 3 -
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of PRIMLEY PROPERTY LTD for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PRIMLEY PROPERTY LTD for the year ended 30 September 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
HLA Accountants Chartered Certified Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY 13 December 2024
- 4 -
PRIMLEY PROPERTY LTD Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
408,600 
408,600 
Current assets
Debtors
1 
1 
Cash at bank and in hand
1,681 
1,247 
1,682 
1,248 
Creditors: amounts falling due within one year
(560,124)
(546,686)
Net current liabilities
(558,442)
(545,438)
Net liabilities
(149,842)
(136,838)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(149,843)
(136,839)
Shareholders' funds
(149,842)
(136,838)
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 13 December 2024 and were signed on its behalf by
Mohammad Waseem JAVEED Director Company Registration No. 13615487
- 5 -
PRIMLEY PROPERTY LTD Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
PRIMLEY PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 13615487. The registered office is 39A QUEENS ROAD, LEEDS, WEST YORKSHIRE, LS6 1NY, UNITED KINGDOM.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Investments
Investments in shares are included at fair value.
- 6 -
PRIMLEY PROPERTY LTD Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 October 2023
408,600 
At 30 September 2024
408,600 
Depreciation
At 30 September 2024
- 
Net book value
At 30 September 2024
408,600 
At 30 September 2023
408,600 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
1 
1 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
6,287 
- 
Loans from directors
552,247 
545,936 
Accruals
1,590 
750 
560,124 
546,686 
7
Loans to directors
At the year-end , a balance of £552,247 (2023- £545,936) was owed to the director. The above balance is interest free with no fixed date of repayment.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 7 -