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Company Registration No. 13651099 (England and Wales)
Primary Property Services Limited Unaudited accounts for the year ended 30 September 2024
Primary Property Services Limited Unaudited accounts Contents
Page
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Primary Property Services Limited Company Information for the year ended 30 September 2024
Directors
A Kazab A J Horvath
Company Number
13651099 (England and Wales)
Registered Office
29 Pilgrims Lane Flat A London NW3 1SX England
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Primary Property Services Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,680 
7,573 
Current assets
Inventories
5,620 
- 
Debtors
1,513,107 
778,778 
Cash at bank and in hand
46,326 
214,780 
1,565,053 
993,558 
Creditors: amounts falling due within one year
(434,108)
(237,084)
Net current assets
1,130,945 
756,474 
Net assets
1,136,625 
764,047 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
1,136,621 
764,043 
Shareholders' funds
1,136,625 
764,047 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by
A J Horvath Director Company Registration No. 13651099
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Primary Property Services Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Primary Property Services Limited is a private company, limited by shares, registered in England and Wales, registration number 13651099. The registered office is 29 Pilgrims Lane, Flat A, London, NW3 1SX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing value
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Primary Property Services Limited Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2023
10,552 
At 30 September 2024
10,552 
Depreciation
At 1 October 2023
2,979 
Charge for the year
1,893 
At 30 September 2024
4,872 
Net book value
At 30 September 2024
5,680 
At 30 September 2023
7,573 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
121,729 
107,826 
Other debtors
74,245 
70,952 
195,974 
178,778 
Amounts falling due after more than one year
Other debtors
1,317,133 
600,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
33,851 
34,296 
Trade creditors
18,084 
20,299 
Taxes and social security
124,823 
164,489 
Accruals
257,350 
18,000 
434,108 
237,084 
7
Average number of employees
During the year the average number of employees was 20 (2023: 20).
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