Acorah Software Products - Accounts Production 16.3.350 false true true false 13 September 2023 30 September 2024 30 September 2024 15137521 Michael William Woods Michael Woods true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15137521 2023-09-12 15137521 2024-09-30 15137521 2023-09-13 2024-09-30 15137521 frs-core:CurrentFinancialInstruments 2024-09-30 15137521 frs-core:FurnitureFittings 2024-09-30 15137521 frs-core:FurnitureFittings 2023-09-13 2024-09-30 15137521 frs-core:FurnitureFittings 2023-09-12 15137521 frs-core:ShareCapital 2024-09-30 15137521 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 15137521 frs-bus:PrivateLimitedCompanyLtd 2023-09-13 2024-09-30 15137521 frs-bus:FilletedAccounts 2023-09-13 2024-09-30 15137521 frs-bus:SmallEntities 2023-09-13 2024-09-30 15137521 frs-bus:AuditExempt-NoAccountantsReport 2023-09-13 2024-09-30 15137521 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-13 2024-09-30 15137521 frs-bus:OrdinaryShareClass1 2023-09-13 2024-09-30 15137521 frs-bus:OrdinaryShareClass1 2024-09-30 15137521 1 2023-09-13 2024-09-30 15137521 frs-bus:Director1 2023-09-13 2024-09-30 15137521 frs-countries:EnglandWales 2023-09-13 2024-09-30
Registered number: 15137521
Prime Residential Holdings Limited
Unaudited Financial Statements
For the Period 13 September 2023 to 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 15137521
30 September 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 2,763
2,763
CURRENT ASSETS
Debtors 5 475
Cash at bank and in hand 4,454
4,929
Creditors: Amounts Falling Due Within One Year 6 (17,628 )
NET CURRENT ASSETS (LIABILITIES) (12,699 )
TOTAL ASSETS LESS CURRENT LIABILITIES (9,936 )
NET LIABILITIES (9,936 )
CAPITAL AND RESERVES
Called up share capital 7 1
Profit and Loss Account (9,937 )
SHAREHOLDERS' FUNDS (9,936)
Page 1
Page 2
For the period 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Michael William Woods
Director
10 June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Prime Residential Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15137521 . The registered office is 69 Dunboyne Road, London, NW3 2YY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The directors believe that the company would have sufficient resources to continue to trade for foreseeable future.
2.3. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised: 
Rendering of services
Turnover represents the total income generated from the short-term rental and serviced accommodation activities under the rent-to-rent model during the reporting period. Income is recognised when the service is rendered, i.e., when the property is occupied by guests, and is recorded net of cancellations and discounts.
The company does not own the properties but operates under lease agreements, whereby rental income is derived from subletting or managing properties obtained from landlords.
Revenue is recognised on an accrual basis and reflects the fair value of consideration received or receivable for services provided during the accounting period.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. No depreciation is provided in the year of acquisition. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Furniture, fixtures and equipment 20% Reducing Balance Method
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
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4. Tangible Assets
Furniture, fixtures and equipment
£
Cost
As at 13 September 2023 -
Additions 2,763
As at 30 September 2024 2,763
Net Book Value
As at 30 September 2024 2,763
As at 13 September 2023 -
5. Debtors
30 September 2024
£
Due within one year
Prepayments and accrued income 475
6. Creditors: Amounts Falling Due Within One Year
30 September 2024
£
Accruals and deferred income 780
Director's loan account 16,848
17,628
7. Share Capital
30 September 2024
Allotted, called up and fully paid £
1 Ordinary shares of £ 1.00 each 1
Shares issued during the period: £
1 Ordinary shares of £ 1.00 each 1
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8. Related Party Transactions
Included in creditors due within one year is an amount of £16,848 owed to its director. The amount is interest free and repayable on demand.
9. Ultimate Controlling Party
The company's ultimate controlling party is Michael Woods by virtue of the ownership of 100% of the issued share capital in the company.
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