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REGISTERED NUMBER: 02075820 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PREMIER ENGINEERING PROPERTIES LIMITED

PREMIER ENGINEERING PROPERTIES LIMITED (REGISTERED NUMBER: 02075820)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIER ENGINEERING PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: R J Pickering Snr
P Pickering
R J Pickering Jnr





SECRETARY: P Pickering





REGISTERED OFFICE: 34 Falsgrave Road
Scarborough
North Yorkshire
YO12 5AT





REGISTERED NUMBER: 02075820 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

PREMIER ENGINEERING PROPERTIES LIMITED (REGISTERED NUMBER: 02075820)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 100
Investment property 5 1,870,000 1,940,000
1,870,100 1,940,100

CURRENT ASSETS
Debtors 6 2,289 1,713
Cash at bank 648,931 590,685
651,220 592,398
CREDITORS
Amounts falling due within one year 7 409,217 223,409
NET CURRENT ASSETS 242,003 368,989
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,112,103

2,309,089

PROVISIONS FOR LIABILITIES 63,738 71,550
NET ASSETS 2,048,365 2,237,539

CAPITAL AND RESERVES
Called up share capital 8 300 300
Revaluation reserve 9 836,071 899,509
Retained earnings 1,211,994 1,337,730
SHAREHOLDERS' FUNDS 2,048,365 2,237,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

PREMIER ENGINEERING PROPERTIES LIMITED (REGISTERED NUMBER: 02075820)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:




R J Pickering Snr - Director



R J Pickering Jnr - Director


PREMIER ENGINEERING PROPERTIES LIMITED (REGISTERED NUMBER: 02075820)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Premier Engineering Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of rents received, excluding discounts, and is recognised as they fall due.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

PREMIER ENGINEERING PROPERTIES LIMITED (REGISTERED NUMBER: 02075820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 100
NET BOOK VALUE
At 31 December 2024 100
At 31 December 2023 100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 1,940,000
Additions 1,250
Revaluations (71,250 )
At 31 December 2024 1,870,000
NET BOOK VALUE
At 31 December 2024 1,870,000
At 31 December 2023 1,940,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2019 582,565
Valuation in 2020 168,495
Valuation in 2021 100,000
Valuation in 2022 20,000
Valuation in 2023 100,000
Valuation in 2024 (71,250 )
Cost 970,190
1,870,000

If investment property had not been revalued it would have been included at the following historical cost:

31.12.24 31.12.23
£    £   
Cost 970,190 968,940

Investment property was valued on an open market basis on 31 December 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 2,289 1,713

PREMIER ENGINEERING PROPERTIES LIMITED (REGISTERED NUMBER: 02075820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed to group undertakings 379,093 195,500
Taxation and social security 26,929 25,828
Other creditors 3,195 2,081
409,217 223,409

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
200 Ordinary A £1 200 200
100 Ordinary B £1 100 100
300 300

9. RESERVES
Revaluation
reserve
£   
At 1 January 2024 899,509
Transfer to non-distributable reserve (63,438 )

At 31 December 2024 836,071