Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-05-011true1truefalseProperty rental 07096183 2023-05-01 2024-04-30 07096183 2022-04-01 2023-04-30 07096183 2024-04-30 07096183 2023-04-30 07096183 c:Director1 2023-05-01 2024-04-30 07096183 d:CurrentFinancialInstruments 2024-04-30 07096183 d:CurrentFinancialInstruments 2023-04-30 07096183 d:Non-currentFinancialInstruments 2024-04-30 07096183 d:Non-currentFinancialInstruments 2023-04-30 07096183 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 07096183 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 07096183 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 07096183 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 07096183 d:ShareCapital 2024-04-30 07096183 d:ShareCapital 2023-04-30 07096183 d:RetainedEarningsAccumulatedLosses 2024-04-30 07096183 d:RetainedEarningsAccumulatedLosses 2023-04-30 07096183 c:FRS102 2023-05-01 2024-04-30 07096183 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07096183 c:FullAccounts 2023-05-01 2024-04-30 07096183 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07096183 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 07096183










PRIMARY RETAIL HORIZONS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
PRIMARY RETAIL HORIZONS LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OFPRIMARY RETAIL HORIZONS LTD
FOR THE YEAR ENDED 30 APRIL 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Primary Retail Horizons Ltd for the year ended 30 April 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the director of Primary Retail Horizons Ltd in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Primary Retail Horizons Ltd and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Primary Retail Horizons Ltd and its  director for our work or for this report.
 
 
It is your duty to ensure that Primary Retail Horizons Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit or loss. You consider that Primary Retail Horizons Ltd is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Primary Retail Horizons Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.







Shipleys Tax Planning

2 January 2025
Page 1

 
PRIMARY RETAIL HORIZONS LTD
REGISTERED NUMBER: 07096183

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
110
110

  
110
110

Creditors: amounts falling due within one year
 5 
(5,165)
(5,165)

Net current liabilities
  
 
 
(5,055)
 
 
(5,055)

Total assets less current liabilities
  
(5,055)
(5,055)

Creditors: amounts falling due after more than one year
 6 
(50)
(50)

  

Net liabilities
  
(5,105)
(5,105)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(5,205)
(5,205)

  
(5,105)
(5,105)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 January 2025.






Raza Ali
Director

Page 2

 
PRIMARY RETAIL HORIZONS LTD
REGISTERED NUMBER: 07096183

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
PRIMARY RETAIL HORIZONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Primary Retail Horizons Ltd is a company domiciled in England & Wales, registration number 07096183. The registered office is 8 Norman Avenue, Sunnyhill, Derby DE23 1HL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
PRIMARY RETAIL HORIZONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
PRIMARY RETAIL HORIZONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Debtors

2024
2023
£
£


Other debtors
110
110

110
110



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
5,165
2,645

Accruals and deferred income
-
2,520

5,165
5,165



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
50
50

50
50



Page 6