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Company No: 04068846 (England and Wales)

PRIMEPLANT LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

PRIMEPLANT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024

Contents

PRIMEPLANT LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
PRIMEPLANT LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
DIRECTORS D E Ashley
P M Ashley
SECRETARY P M Ashley
REGISTERED OFFICE 7 Minster Court
Tuscam Way
Yorktown Industrial Estate
Camberley
Surrey
GU15 3YY
United Kingdom
COMPANY NUMBER 04068846 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
PRIMEPLANT LIMITED

BALANCE SHEET

AS AT 30 SEPTEMBER 2024
PRIMEPLANT LIMITED

BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2024
Note 30.09.2024 30.09.2023
£ £
Fixed assets
Tangible assets 3 43 58
Investment property 4 400,000 400,000
400,043 400,058
Current assets
Debtors 5 7,890 6,866
Cash at bank and in hand 7,603 9,653
15,493 16,519
Creditors: amounts falling due within one year 6 ( 119,382) ( 119,254)
Net current liabilities (103,889) (102,735)
Total assets less current liabilities 296,154 297,323
Net assets 296,154 297,323
Capital and reserves
Called-up share capital 90 90
Revaluation reserve 55,563 55,563
Profit and loss account 240,501 241,670
Total shareholders' funds 296,154 297,323

For the financial 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.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Primeplant Limited (registered number: 04068846) were approved and authorised for issue by the Board of Directors on 28 January 2025. They were signed on its behalf by:

P M Ashley
Director
PRIMEPLANT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
PRIMEPLANT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Primeplant Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 7 Minster Court, Tuscam Way, Yorktown Industrial Estate, Camberley, Surrey, GU15 3YY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 25 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

30.09.2024 30.09.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 October 2023 30,857 30,857
At 30 September 2024 30,857 30,857
Accumulated depreciation
At 01 October 2023 30,799 30,799
Charge for the financial year 15 15
At 30 September 2024 30,814 30,814
Net book value
At 30 September 2024 43 43
At 30 September 2023 58 58

4. Investment property

Investment property
£
Valuation
As at 01 October 2023 400,000
As at 30 September 2024 400,000

The 2024 valuations were made by the director, on an open market value for existing use basis.

5. Debtors

30.09.2024 30.09.2023
£ £
Prepayments 7,890 6,866

6. Creditors: amounts falling due within one year

30.09.2024 30.09.2023
£ £
Amounts owed to Group undertakings 106,840 106,840
Accruals 2,178 2,400
Other taxation and social security 750 400
Other creditors 9,614 9,614
119,382 119,254