Primetank (2) Ltd 06642907 true 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is Buying And Selling Of Own Real Estate Digita Accounts Production Advanced 6.30.9574.0 true Mr Moti Friedlander 06642907 2023-07-01 2024-06-30 06642907 2024-06-30 06642907 core:RetainedEarningsAccumulatedLosses 2024-06-30 06642907 core:ShareCapital 2024-06-30 06642907 core:CurrentFinancialInstruments 2024-06-30 06642907 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 06642907 core:Non-currentFinancialInstruments 2024-06-30 06642907 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 06642907 bus:FRS102 2023-07-01 2024-06-30 06642907 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06642907 bus:FullAccounts 2023-07-01 2024-06-30 06642907 bus:RegisteredOffice 2023-07-01 2024-06-30 06642907 bus:Director1 2023-07-01 2024-06-30 06642907 bus:EntityNoLongerTradingButTradedInPast 2023-07-01 2024-06-30 06642907 bus:Consolidated 2023-07-01 2024-06-30 06642907 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06642907 core:FurnitureFittings 2023-07-01 2024-06-30 06642907 countries:EnglandWales 2023-07-01 2024-06-30 06642907 2023-06-30 06642907 2022-07-01 2023-06-30 06642907 2023-06-30 06642907 core:RetainedEarningsAccumulatedLosses 2023-06-30 06642907 core:ShareCapital 2023-06-30 06642907 core:CurrentFinancialInstruments 2023-06-30 06642907 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 06642907 core:Non-currentFinancialInstruments 2023-06-30 06642907 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 06642907

Primetank (2) Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Primetank (2) Ltd

Profit and Loss Account for the Year Ended 30 June 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Primetank (2) Ltd

(Registration number: 06642907)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

3

100,000

100,000

Current assets

 

Debtors

4

2,500

-

Cash at bank and in hand

 

13,994

3,689

 

16,494

3,689

Creditors: Amounts falling due within one year

6

(147,643)

(134,838)

Net current liabilities

 

(131,149)

(131,149)

Total assets less current liabilities

 

(31,149)

(31,149)

Creditors: Amounts falling due after more than one year

6

(31,968)

(31,968)

Net liabilities

 

(63,117)

(63,117)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(63,118)

(63,118)

Shareholders' deficit

 

(63,117)

(63,117)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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; and

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

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 27 March 2025
 

.........................................
Mr Moti Friedlander
Director

 

Primetank (2) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 Rodborough Road
London
London
NW11 8RY
United Kingdom

The principal place of business is:
24 Stamford Hill
London
N16 6XZ
United Kingdom

These financial statements were authorised for issue by the director on 27 March 2025.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

3

Investment properties

2024
£

At 1 July

100,000

At 30 June

100,000

Fair value is determined by the directors or periodically by external valuers.

There has been no valuation of investment property by an independent valuer.

4

Debtors

Current

2024
£

2023
£

Other debtors

2,500

-

 

2,500

-

5

Cash and cash equivalents

2024
£

2023
£

Cash at bank

13,994

3,689

 

Primetank (2) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Social security and other taxes

 

24,404

20,426

Other payables

 

105,781

96,954

Accruals

 

14,565

14,565

Income tax liability

2,893

2,893

 

147,643

134,838

Due after one year

 

Loans and borrowings

7

31,968

31,968

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

31,968

31,968

8

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Depreciation

Asset class

Depreciation method and rate

Fixtures and Fittings

20% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors or periodically by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Primetank (2) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.