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REGISTERED NUMBER: 06991571 (England and Wales)













PRIMESITE PROPERTIES (PENCOED) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024






PRIMESITE PROPERTIES (PENCOED) LIMITED (REGISTERED NUMBER: 06991571)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PRIMESITE PROPERTIES (PENCOED) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: Mr. W J E David
Mrs. N M David
Mr. M E David
Mrs. G David
Mr. S Parton





REGISTERED OFFICE: 1st Floor Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ





REGISTERED NUMBER: 06991571 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

PRIMESITE PROPERTIES (PENCOED) LIMITED (REGISTERED NUMBER: 06991571)

STATEMENT OF FINANCIAL POSITION
31ST AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 860,000 860,000

CURRENT ASSETS
Debtors 5 6,979 4,327
Cash at bank 55,568 41,515
62,547 45,842
CREDITORS
Amounts falling due within one year 6 60,624 58,139
NET CURRENT ASSETS/(LIABILITIES) 1,923 (12,297 )
TOTAL ASSETS LESS CURRENT LIABILITIES 861,923 847,703

CREDITORS
Amounts falling due after more than one year 7 224,000 258,000
NET ASSETS 637,923 589,703

CAPITAL AND RESERVES
Called up share capital 8 80 80
Fair value reserve 9 254,292 254,292
Retained earnings 383,551 335,331
SHAREHOLDERS' FUNDS 637,923 589,703

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th May 2025 and were signed on its behalf by:





Mrs. N M David - Director


PRIMESITE PROPERTIES (PENCOED) LIMITED (REGISTERED NUMBER: 06991571)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024


1. STATUTORY INFORMATION

Primesite Properties (Pencoed) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st September 2023
and 31st August 2024 860,000
NET BOOK VALUE
At 31st August 2024 860,000
At 31st August 2023 860,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,835 3,750
Other debtors 1,144 577
6,979 4,327

PRIMESITE PROPERTIES (PENCOED) LIMITED (REGISTERED NUMBER: 06991571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 34,000 34,000
Trade creditors 339 -
Taxation and social security 16,474 11,995
Other creditors 9,811 12,144
60,624 58,139

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 224,000 258,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
80 Ordinary £1 80 80

9. RESERVES
Fair
value
reserve
£   
At 1st September 2023
and 31st August 2024 254,292