IRIS Accounts Production v24.3.0.553 03386957 Board of Directors 30.6.23 29.6.24 29.6.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033869572023-06-29033869572024-06-29033869572023-06-302024-06-29033869572022-06-29033869572022-06-302023-06-29033869572023-06-2903386957ns15:EnglandWales2023-06-302024-06-2903386957ns14:PoundSterling2023-06-302024-06-2903386957ns10:Director12023-06-302024-06-2903386957ns10:PrivateLimitedCompanyLtd2023-06-302024-06-2903386957ns10:SmallEntities2023-06-302024-06-2903386957ns10:AuditExempt-NoAccountantsReport2023-06-302024-06-2903386957ns10:SmallCompaniesRegimeForDirectorsReport2023-06-302024-06-2903386957ns10:SmallCompaniesRegimeForAccounts2023-06-302024-06-2903386957ns10:FullAccounts2023-06-302024-06-2903386957ns10:Director22023-06-302024-06-2903386957ns10:CompanySecretary12023-06-302024-06-2903386957ns10:RegisteredOffice2023-06-302024-06-2903386957ns5:CurrentFinancialInstruments2024-06-2903386957ns5:CurrentFinancialInstruments2023-06-2903386957ns5:Non-currentFinancialInstruments2024-06-2903386957ns5:Non-currentFinancialInstruments2023-06-2903386957ns5:ShareCapital2024-06-2903386957ns5:ShareCapital2023-06-2903386957ns5:CapitalRedemptionReserve2024-06-2903386957ns5:CapitalRedemptionReserve2023-06-2903386957ns5:FurtherSpecificReserve3ComponentTotalEquity2024-06-2903386957ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-2903386957ns5:RetainedEarningsAccumulatedLosses2024-06-2903386957ns5:RetainedEarningsAccumulatedLosses2023-06-2903386957ns5:PlantMachinery2023-06-302024-06-2903386957ns5:PlantMachinery2023-06-2903386957ns5:PlantMachinery2024-06-2903386957ns5:PlantMachinery2023-06-2903386957ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-2903386957ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-2903386957ns5:Secured2024-06-2903386957ns5:Secured2023-06-2903386957ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-29033869571ns10:Director12023-06-29033869571ns10:Director12022-06-29033869571ns10:Director12023-06-302024-06-29033869571ns10:Director12022-06-302023-06-29033869571ns10:Director12024-06-29033869571ns10:Director12023-06-29
REGISTERED NUMBER: 03386957 (England and Wales)















Financial Statements for the Year Ended 29 June 2024

for

Interprime Limited

Interprime Limited (Registered number: 03386957)






Contents of the Financial Statements
for the Year Ended 29 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Interprime Limited

Company Information
for the Year Ended 29 June 2024







DIRECTORS: J D Felton
Mrs B Felton





SECRETARY: J D Felton





REGISTERED OFFICE: 294 Telegraph Road
Heswall
Wirral
CH60 7SQ





REGISTERED NUMBER: 03386957 (England and Wales)





ACCOUNTANTS: Cobham Murphy PHD Limited
116 Duke Street
Liverpool
L1 5JW

Interprime Limited (Registered number: 03386957)

Balance Sheet
29 June 2024

29.6.24 29.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 646 2,098
Investment property 5 1,989,483 2,069,483
1,990,129 2,071,581

CURRENT ASSETS
Debtors 6 4,416 418
Cash at bank 678 748
5,094 1,166
CREDITORS
Amounts falling due within one year 7 16,446 29,339
NET CURRENT LIABILITIES (11,352 ) (28,173 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,978,777

2,043,408

CREDITORS
Amounts falling due after more than one
year

8

(1,247,321

)

(1,235,983

)

PROVISIONS FOR LIABILITIES (91,551 ) (100,905 )
NET ASSETS 639,905 706,520

CAPITAL AND RESERVES
Called up share capital 5,884 5,884
Capital redemption reserve (291,832 ) (291,832 )
Fair value reserve 10 721,094 773,976
Retained earnings 204,759 218,492
SHAREHOLDERS' FUNDS 639,905 706,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

Interprime Limited (Registered number: 03386957)

Balance Sheet - continued
29 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 27 March 2025 and were signed on its behalf by:





J D Felton - Director


Interprime Limited (Registered number: 03386957)

Notes to the Financial Statements
for the Year Ended 29 June 2024

1. STATUTORY INFORMATION

Interprime Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03386957 and the registered office is 294 Telegraph Road, Heswall CH60 7SQ.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover represents the rental income from investment properties and the income from the provision of property consultancy services and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on 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 profit or loss.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.


Interprime Limited (Registered number: 03386957)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024

2. ACCOUNTING POLICIES - continued
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 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 June 2023
and 29 June 2024 5,810
DEPRECIATION
At 30 June 2023 3,712
Charge for year 1,452
At 29 June 2024 5,164
NET BOOK VALUE
At 29 June 2024 646
At 29 June 2023 2,098

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 June 2023 2,069,483
Additions 1,018
Disposals (81,018 )
At 29 June 2024 1,989,483
NET BOOK VALUE
At 29 June 2024 1,989,483
At 29 June 2023 2,069,483

Investment properties are recorded at fair value and have been valued annually by the directors.

Interprime Limited (Registered number: 03386957)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.24 29.6.23
£    £   
Trade debtors 1,911 298
Amounts owed by participating interests - 120
Other debtors 2,505 -
4,416 418

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.24 29.6.23
£    £   
Trade creditors 2,694 3,448
Taxation and social security (3 ) (3 )
Other creditors 13,755 25,894
16,446 29,339

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.6.24 29.6.23
£    £   
Bank loans 1,247,321 1,235,983

9. SECURED DEBTS

The following secured debts are included within creditors:

29.6.24 29.6.23
£    £   
Bank loans 1,247,321 1,235,983

10. RESERVES
Fair
value
reserve
£   
At 30 June 2023 773,976
Revaluation reserve realised (52,882 )

At 29 June 2024 721,094

Interprime Limited (Registered number: 03386957)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 June 2024 and 29 June 2023:

29.6.24 29.6.23
£    £   
J D Felton
Balance outstanding at start of year (20,895 ) (57,045 )
Amounts advanced 86,923 69,140
Amounts repaid (73,927 ) (32,990 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,899 ) (20,895 )

Interest was charged at 2% where necessary.