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REGISTERED NUMBER: 11433902 (England and Wales)













PREEM INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






PREEM INVESTMENTS LIMITED (REGISTERED NUMBER: 11433902)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PREEM INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs R L Mann
Mr P J Mann





REGISTERED OFFICE: 44 Heol Hendre
Rhiwbina
Cardiff
CF14 6PL





REGISTERED NUMBER: 11433902 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

PREEM INVESTMENTS LIMITED (REGISTERED NUMBER: 11433902)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment property 4 396,884 396,884

CURRENT ASSETS
Cash at bank 12,060 34,331

CREDITORS
Amounts falling due within one year 5 70,882 101,284
NET CURRENT LIABILITIES (58,822 ) (66,953 )
TOTAL ASSETS LESS CURRENT LIABILITIES 338,062 329,931

CREDITORS
Amounts falling due after more than one year 6 341,676 341,676
NET LIABILITIES (3,614 ) (11,745 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (3,714 ) (11,845 )
SHAREHOLDERS' FUNDS (3,614 ) (11,745 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 March 2025 and were signed on its behalf by:




Mr P J Mann - Director



Mrs R L Mann - Director


PREEM INVESTMENTS LIMITED (REGISTERED NUMBER: 11433902)

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


1. STATUTORY INFORMATION

Preem Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 July 2023
and 30 June 2024 396,884
NET BOOK VALUE
At 30 June 2024 396,884
At 30 June 2023 396,884

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 1 -
Other creditors 70,881 101,284
70,882 101,284

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 341,676 341,676

PREEM INVESTMENTS LIMITED (REGISTERED NUMBER: 11433902)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£ £
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 341,676 341,676

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 341,676 341,676

The bank loan balances are secured by way of fixed charges over the investment property.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100