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REGISTERED NUMBER: 13052030 (United Kingdom)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

The Premium Property Place Ltd

The Premium Property Place Ltd (Registered number: 13052030)

Contents of the Financial Statements
for the Year Ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Premium Property Place Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Mr Christopher Alan Walpole





REGISTERED OFFICE: 60 Harrier Road
St. Albans
Hertfordshire
AL4 0LD





REGISTERED NUMBER: 13052030 (United Kingdom)






The Premium Property Place Ltd (Registered number: 13052030)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £   
ASSETS

FIXED ASSETS
Investment property 4 336,500 336,500

CURRENT ASSETS
Debtors 5 1,311 735
Cash at bank 15,839 3,614
17,150 4,349
353,650 340,849

CAPITAL, RESERVES AND LIABILITIES

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 6 (23,342 ) (23,342 )
Retained earnings 4,160 2,399
(19,082 ) (20,843 )

CREDITORS 7 372,732 361,692
353,650 340,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 May 2025 and were signed by:





Mr Christopher Alan Walpole - Director


The Premium Property Place Ltd (Registered number: 13052030)

Notes to the Financial Statements
for the Year Ended 30 November 2024


1. STATUTORY INFORMATION

The Premium Property Place Ltd is a private company, limited by shares , registered in United Kingdom. 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 336,500
NET BOOK VALUE
At 30 November 2024 336,500
At 30 November 2023 336,500

The Premium Property Place Ltd (Registered number: 13052030)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 300 -
Prepayments 1,011 735
1,311 735

6. RESERVES
Fair
value
reserve
£   
At 1 December 2023
and 30 November 2024 (23,342 )

7. CREDITORS
2024 2023
£    £   
Amounts falling due within one year:
Trade creditors 1,163 1
Directors' current accounts 109,007 109,007
Accrued expenses 900 900
Deferred government grants 9,750 -
120,820 109,908

Amounts falling due after more than one year:
Bank loans (see note 8) 251,499 251,496
Tax 413 288
251,912 251,784

Aggregate amounts 372,732 361,692

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 251,499 251,496

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 251,499 251,496

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Christopher Alan Walpole.