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REGISTERED NUMBER: 07106971 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2024

for

PREMIER (NW) LIMITED

PREMIER (NW) LIMITED (REGISTERED NUMBER: 07106971)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIER (NW) LIMITED

Company Information
for the Year Ended 31st December 2024







DIRECTORS: Mr M J Blake
Mrs A C Blake





REGISTERED OFFICE: 41 St Thomas's Road
Chorley
Lancashire
PR7 1JE





REGISTERED NUMBER: 07106971 (England and Wales)





ACCOUNTANTS: BK Plus - Chorley
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

PREMIER (NW) LIMITED (REGISTERED NUMBER: 07106971)

Balance Sheet
31st December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,550 1,824
Investment property 5 396,228 396,228
397,778 398,052

CURRENT ASSETS
Debtors 6 1,370 1,370
Cash at bank 6,830 5,775
8,200 7,145
CREDITORS
Amounts falling due within one year 7 8,489 12,189
NET CURRENT LIABILITIES (289 ) (5,044 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

397,489

393,008

CREDITORS
Amounts falling due after more than one
year

8

(240,000

)

(250,000

)

PROVISIONS FOR LIABILITIES (8,957 ) (9,009 )
NET ASSETS 148,532 133,999

CAPITAL AND RESERVES
Called up share capital 9 100 100
Non-distributable reserves 46,819 46,819
Retained earnings 101,613 87,080
SHAREHOLDERS' FUNDS 148,532 133,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

PREMIER (NW) LIMITED (REGISTERED NUMBER: 07106971)

Balance Sheet - continued
31st December 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 22nd April 2025 and were signed on its behalf by:




Mr M J Blake - Director



Mrs A C Blake - Director


PREMIER (NW) LIMITED (REGISTERED NUMBER: 07106971)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. STATUTORY INFORMATION

Premier (NW) 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.

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 - 15% on reducing balance

Investment property
Investment properties are properties held to earn rentals, they are initially measured at cost, including transaction costs. Subsequently they are then measured at fair value on an open market basis. Deferred tax is provided on these movements. Gains and losses arising from changes in fair value are included in the Statement of Income and Retained Earnings in the period in which they arise.

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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

PREMIER (NW) LIMITED (REGISTERED NUMBER: 07106971)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st January 2024
and 31st December 2024 2,404
DEPRECIATION
At 1st January 2024 580
Charge for year 274
At 31st December 2024 854
NET BOOK VALUE
At 31st December 2024 1,550
At 31st December 2023 1,824

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2024
and 31st December 2024 396,228
NET BOOK VALUE
At 31st December 2024 396,228
At 31st December 2023 396,228

Fair value at 31st December 2024 is represented by:
£   
Valuation in 2017 55,482
Cost 340,746
396,228

If the investment properties had not been revalued they would have been included at the following historical cost:

31.12.24 31.12.23
£    £   
Cost 340,746 340,746

No significant change in the valuation of the properties has occurred in the year ended 31 December 2024.

PREMIER (NW) LIMITED (REGISTERED NUMBER: 07106971)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 1,370 1,370

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Tax 3,849 3,499
Directors' current accounts 1,902 5,721
Accruals and deferred income 2,738 2,969
8,489 12,189

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Directors loan account 240,000 250,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

At the 31st December 2024, the company owed £241,902 to its directors (2023: £255,721). No interest has been charged to the company in respect of this loan and there is no formal repayment date for this loan. £240,000 (2023: £250,000) of the loan is classified in creditors due after more than one year.

11. ULTIMATE CONTROLLING PARTY

Throughout the year, Mr M Blake and Mrs A Blake have controlled the company by virtue of their 100% shareholding of the issued ordinary share capital.