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REGISTERED NUMBER: 03704575 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Primefigure Limited

Primefigure Limited (Registered number: 03704575)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Primefigure Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: J L Hindley
Y M O'Herlihy
B O'Herlihy





SECRETARY: J L Hindley





REGISTERED OFFICE: 4 Ashburton Road
West Kirkby
Wirral
CH48 4ER





REGISTERED NUMBER: 03704575 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
3 Park Square
Leeds
LS1 2NE

Primefigure Limited (Registered number: 03704575)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,201 1,601
Investment property 5 1,500,000 1,500,000
1,501,201 1,501,601

CURRENT ASSETS
Debtors 6 6,444 21,766
Cash at bank 64,934 16,906
71,378 38,672
CREDITORS
Amounts falling due within one year 7 74,005 69,975
NET CURRENT LIABILITIES (2,627 ) (31,303 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,498,574

1,470,298

CREDITORS
Amounts falling due after more than one
year

8

(427,560

)

(449,599

)

PROVISIONS FOR LIABILITIES (300 ) (304 )
NET ASSETS 1,070,714 1,020,395

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair valuation reserve 11 1,008,616 1,008,616
Retained earnings 61,998 11,679
SHAREHOLDERS' FUNDS 1,070,714 1,020,395

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.

Primefigure Limited (Registered number: 03704575)

Balance Sheet - continued
30 June 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 28 March 2025 and were signed on its behalf by:





J L Hindley - Director


Primefigure Limited (Registered number: 03704575)

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

1. STATUTORY INFORMATION

Primefigure 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. These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Computer equipment - 25% on reducing balance

Fixed Assets are included at cost, less accumulated depreciation to date.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

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.

Capital losses totalling £360,755 are carried forward.

Rents received
Rental income is recognised in the period in which it is due, net of VAT.

3. EMPLOYEES AND DIRECTORS

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

Primefigure Limited (Registered number: 03704575)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 3,704 2,026 5,730
DEPRECIATION
At 1 July 2023 3,704 425 4,129
Charge for year - 400 400
At 30 June 2024 3,704 825 4,529
NET BOOK VALUE
At 30 June 2024 - 1,201 1,201
At 30 June 2023 - 1,601 1,601

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 1,500,000
NET BOOK VALUE
At 30 June 2024 1,500,000
At 30 June 2023 1,500,000

The fair value of the investment property has been determined by the director, Mr J L Hindley, to be appropriate. The director making this assessment is a chartered surveyor.

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2016 358,616
Valuation in 2021 70,000
Valuation in 2023 580,000
Cost 491,384
1,500,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 1,805 20,220
Prepayments and accrued income 2,948 -
Prepayments 1,691 1,546
6,444 21,766

Primefigure Limited (Registered number: 03704575)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 383 451
Tax 13,183 2,247
VAT 5,866 3,619
Loan creditors 23,967 23,967
Directors' current accounts 1,112 5,021
Accrued expenses 29,494 34,670
74,005 69,975

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Loan creditors 427,560 434,537
Directors' loan accounts - 15,062
427,560 449,599



9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Falling due within one year 23,929 23,967
Falling due after one year 430,722 431,413
454,651 455,380

Borrowings are secured against the company's investment property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Fair
valuation
reserve
£   
At 1 July 2023
and 30 June 2024 1,008,616

Primefigure Limited (Registered number: 03704575)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

12. RELATED PARTY DISCLOSURES

At 30 June 2024, the company owed Mr J L Hindley, a director, £1,112 (2023: £20,083).

13. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.