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Registered number: 02794326
The Premier Partnership Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Financial Partnership & Support Ltd
13 Spire Close
Ashbourne
Derbyshire
DE6 1DB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02794326
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,955 32,163
Investments 5 250,000 -
276,955 32,163
CURRENT ASSETS
Debtors 6 128,166 110,556
Cash at bank and in hand 27,325 10,000
155,491 120,556
Creditors: Amounts Falling Due Within One Year 7 (159,749 ) (134,230 )
NET CURRENT ASSETS (LIABILITIES) (4,258 ) (13,674 )
TOTAL ASSETS LESS CURRENT LIABILITIES 272,697 18,489
Creditors: Amounts Falling Due After More Than One Year 8 (130,000 ) -
NET ASSETS 142,697 18,489
CAPITAL AND RESERVES
Called up share capital 9 40,000 40,000
Capital redemption reserve 15,002 15,002
Profit and Loss Account 87,695 (36,513 )
SHAREHOLDERS' FUNDS 142,697 18,489
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nigel Herrick
Director
14/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Premier Partnership Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02794326 . The registered office is 5 Pebble Close, Amington, Tamworth, B77 4RD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amounts receivable for services rendered, stated net of discounts and of Value Added Tax where applicable.
2.3. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold 10% straight Line
Plant & Machinery 25% straight line
Motor Vehicles 33.3%
Fixtures & Fittings 25% straight line
2.4. Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised on the reporting period.
Current tax is recognised on taxable profit for the current and past periods.
Deferred tax is recognised in repsect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of derferred tax liabilities or other future taxable profits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 30,360 59,432 10,655 100,447
As at 31 December 2024 30,360 59,432 10,655 100,447
Depreciation
As at 1 January 2024 1,008 56,621 10,655 68,284
Provided during the period 3,096 2,112 - 5,208
As at 31 December 2024 4,104 58,733 10,655 73,492
Net Book Value
As at 31 December 2024 26,256 699 - 26,955
As at 1 January 2024 29,352 2,811 - 32,163
Page 3
Page 4
5. Investments
Other
£
Cost
As at 1 January 2024 -
Additions 250,000
As at 31 December 2024 250,000
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 250,000
As at 1 January 2024 -
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 37,499 40,936
Amounts owed by other participating interests 19,914 (1,133)
57,413 39,803
Due after more than one year
Trade debtors 70,753 70,753
128,166 110,556
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 20,883 47,530
Bank loans and overdrafts - 10,315
Corporation tax 47,461 41,444
Other taxes and social security 16,565 17,452
VAT 949 1,428
Net wages 670 -
Other creditors 60,000 621
Accruals and deferred income 13,221 15,440
159,749 134,230
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 130,000 -
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 40,000 40,000
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following advances to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Nigel Herrick 1,133 - - - -
Mrs Kerry Arnold-Herrick - 19,914 - - 19,914
Page 5