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COMPANY REGISTRATION NUMBER: 05845151
Primrose Projects Limited
Filleted Unaudited Financial Statements
For the year ended
31 March 2024
Primrose Projects Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
218
218
Current assets
Debtors
5
379,118
118
Cash at bank and in hand
517,367
---------
----
896,485
118
Creditors: amounts falling due within one year
6
887,260
100
---------
----
Net current assets
9,225
18
-------
----
Total assets less current liabilities
9,443
236
-------
----
Capital and reserves
Called up share capital
236
236
Profit and loss account
9,207
-------
----
Shareholders funds
9,443
236
-------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 22 April 2025 , and are signed on behalf of the board by:
J R F Hudson
Director
Company registration number: 05845151
Primrose Projects Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Glebe Croft Hinckley Lane, Higham-On-The-Hill, Nuneaton, CV13 6AL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
4. Investments
Shares in group undertakings
£
Cost
At 1 April 2023 and 31 March 2024
218
----
Impairment
At 1 April 2023 and 31 March 2024
----
Carrying amount
At 31 March 2024
218
----
At 31 March 2023
218
----
The company owns 100% of the issued share capital of Primrose Green Limited and Primrose Consulting Limited, both companies are incorporated in England and Wales.
Aggregate capital and reserves
2024 2023
£ £
Primrose Green Limited 100 100
Primrose Consulting Limited 941,331 941,331
Profit and (loss) for the year
2024 2023
£ £
Primrose Green Limited 21,397 0
Primrose Consulting Limited 1,075,999 1,075,999
5. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
379,000
Other debtors
118
118
---------
----
379,118
118
---------
----
6. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
813,133
Corporation tax
2,160
Other creditors
71,967
100
---------
----
887,260
100
---------
----
7. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
J R F Hudson
( 43,727)
( 43,727)
----
--------
--------
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
J R F Hudson
----
----
----