Company No: 12985882 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Louise Hirst
	William George Hirst

REGISTERED OFFICE	The Innovation Centre Innovation Way
	Heslington
	York
	YO10 5DG
	United Kingdom

COMPANY NUMBER

12985882 (England and Wales)

ACCOUNTANT	Morrell Middleton Auditors Ltd Chartered Certified Accountants
	Wellington House
	Aviator Court
	York
	YO30 4UZ

	Note	30.09.2024		30.09.2023
		£		£
Fixed assets
Tangible assets	4	2,560		1,373
		2,560		1,373
Current assets
Debtors	5	11,145		525
Cash at bank and in hand	6	44,793		46,689
		55,938		47,214
Creditors: amounts falling due within one year	7	( 51,391)		( 32,329)
Net current assets		4,547		14,885
Total assets less current liabilities		7,107		16,258
Net assets		7,107		16,258
Capital and reserves
Called-up share capital	8	2		2
Profit and loss account		7,105		16,256
Total shareholder's funds		7,107		16,258

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Prime Residential (York) Ltd (registered number: 12985882) were approved and authorised for issue by the Board of Directors on 31 March 2025. They were signed on its behalf by:

Louise Hirst Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Prime Residential (York) Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Innovation Centre Innovation Way, Heslington, York, YO10 5DG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

	Year ended 30.09.2024		Period from 01.01.2023 to 30.09.2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 October 2023	5,527		5,527
Additions	2,599		2,599
Disposals	( 2,000)		( 2,000)
At 30 September 2024	6,126		6,126
Accumulated depreciation
At 01 October 2023	4,154		4,154
Charge for the financial year	954		954
Disposals	( 1,542)		( 1,542)
At 30 September 2024	3,566		3,566
Net book value
At 30 September 2024	2,560		2,560
At 30 September 2023	1,373		1,373

5. Debtors

	30.09.2024		30.09.2023
	£		£
Trade debtors	10,500		0
Other debtors	645		525
	11,145		525

6. Cash and cash equivalents

	30.09.2024		30.09.2023
	£		£
Cash at bank and in hand	44,793		46,689

7. Creditors: amounts falling due within one year

	30.09.2024		30.09.2023
	£		£
Trade creditors	1,762		1,714
Taxation and social security	16,522		22,165
Other creditors	33,107		8,450
	51,391		32,329

8. Called-up share capital

	30.09.2024		30.09.2023
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2