IRIS Accounts Production v25.1.0.734 15044476 Board of Directors 2.8.23 31.8.24 31.8.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh150444762023-08-01150444762024-08-31150444762023-08-022024-08-31150444762023-08-0115044476ns15:EnglandWales2023-08-022024-08-3115044476ns14:PoundSterling2023-08-022024-08-3115044476ns10:Director12023-08-022024-08-3115044476ns10:PrivateLimitedCompanyLtd2023-08-022024-08-3115044476ns10:SmallEntities2023-08-022024-08-3115044476ns10:AuditExempt-NoAccountantsReport2023-08-022024-08-3115044476ns10:SmallCompaniesRegimeForDirectorsReport2023-08-022024-08-3115044476ns10:SmallCompaniesRegimeForAccounts2023-08-022024-08-3115044476ns10:FullAccounts2023-08-022024-08-3115044476ns10:Director22023-08-022024-08-3115044476ns10:CompanySecretary12023-08-022024-08-3115044476ns10:RegisteredOffice2023-08-022024-08-3115044476ns5:CurrentFinancialInstruments2024-08-3115044476ns5:RetainedEarningsAccumulatedLosses2024-08-3115044476ns5:LandBuildings2023-08-0115044476ns5:PlantMachinery2023-08-0115044476ns5:LandBuildings2023-08-022024-08-3115044476ns5:PlantMachinery2023-08-022024-08-3115044476ns5:LandBuildings2024-08-3115044476ns5:PlantMachinery2024-08-3115044476ns5:LandBuildings2023-08-0115044476ns5:PlantMachinery2023-08-0115044476ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-31
REGISTERED NUMBER: 15044476 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 2 AUGUST 2023 TO 31 AUGUST 2024

FOR

PRIME ABODES LTD

PRIME ABODES LTD (REGISTERED NUMBER: 15044476)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 2 AUGUST 2023 TO 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRIME ABODES LTD

COMPANY INFORMATION
FOR THE PERIOD 2 AUGUST 2023 TO 31 AUGUST 2024







DIRECTORS: A A Abbas
Mrs F B Nakhuda





SECRETARY: A A Abbas





REGISTERED OFFICE: 82a James Carter Road
Mildenhall
Uk
Suffolk
IP28 7DE





REGISTERED NUMBER: 15044476 (England and Wales)





ACCOUNTANTS: Prestons
Chartered Accountants
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY

PRIME ABODES LTD (REGISTERED NUMBER: 15044476)

BALANCE SHEET
31 AUGUST 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 132,969

CURRENT ASSETS
Debtors 5 2,092
Cash at bank 559
2,651
CREDITORS
Amounts falling due within one year 6 134,000
NET CURRENT LIABILITIES (131,349 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,620

RESERVES
Retained earnings 1,620
1,620

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

PRIME ABODES LTD (REGISTERED NUMBER: 15044476)

BALANCE SHEET - continued
31 AUGUST 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 April 2025 and were signed on its behalf by:





A A Abbas - Director


PRIME ABODES LTD (REGISTERED NUMBER: 15044476)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 2 AUGUST 2023 TO 31 AUGUST 2024

1. STATUTORY INFORMATION

Prime Abodes Ltd 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.

Turnover
Turnover represents net income receivable from sale of goods and services in the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the period 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 period 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.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

PRIME ABODES LTD (REGISTERED NUMBER: 15044476)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 2 AUGUST 2023 TO 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the suture payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less and impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 2 August 2023 128,569 - 128,569
Additions - 5,500 5,500
At 31 August 2024 128,569 5,500 134,069
DEPRECIATION
Charge for period - 1,100 1,100
At 31 August 2024 - 1,100 1,100
NET BOOK VALUE
At 31 August 2024 128,569 4,400 132,969
At 1 August 2023 128,569 - 128,569

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 2,092

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 2,887
Other creditors 131,113
134,000