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Registered Number: 11468587
England and Wales

 

 

 

PRIME BUSINESS & ASSET MANAGEMENT LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
  2024   2023
    £ £   £ £
Fixed assets   233,536      234,586 
Current assets 2,189      1,236   
Prepayments and accrued income 3,500      3,500   
Creditors: amount falling due within one year (5,007)     (2,926)  
Net current assets   682      1,810 
Total assets less current liabilities   234,218      236,396 
Creditors: amount falling due after more than one year   (233,028)     (233,028)
Net assets   1,190      3,368 
 

         
Capital and reserves   1,190      3,368 
 
NOTES TO THE ACCOUNTS

General Information
PRIME BUSINESS & ASSET MANAGEMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11468587, registration address Unit 32 Lynnwood Terrace, I8 Enterprise Centre,, Newcastle Upon Tyne, NE4 6UL. The trading address of the company is 16 Crofters Way, Sunderland, SR6 8BN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 0).


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 19 February 2025 and were signed by:


--------------------------------
Taha Ahmed Khan
Director
1