| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 8 APRIL 2024 TO 30 SEPTEMBER 2024 |
| FOR |
| PRIME DEMOLITION PROPERTIES LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 8 APRIL 2024 TO 30 SEPTEMBER 2024 |
| FOR |
| PRIME DEMOLITION PROPERTIES LIMITED |
| PRIME DEMOLITION PROPERTIES LIMITED (REGISTERED NUMBER: 15625380) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 8 APRIL 2024 TO 30 SEPTEMBER 2024 |
| Page |
| Balance sheet | 1 |
| Notes to the financial statements | 2 |
| PRIME DEMOLITION PROPERTIES LIMITED (REGISTERED NUMBER: 15625380) |
| BALANCE SHEET |
| 30 SEPTEMBER 2024 |
| Notes | £ | £ |
| Fixed assets |
| Investment property | 4 |
| Current assets |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 5 |
| Net current liabilities | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year | 6 | ( |
) |
| Provisions for liabilities | 8 | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 9 |
| Fair value reserve | 10 |
| Retained earnings | ( |
) |
| Shareholders' funds |
| 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 were approved by the director and authorised for issue on |
| PRIME DEMOLITION PROPERTIES LIMITED (REGISTERED NUMBER: 15625380) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 8 APRIL 2024 TO 30 SEPTEMBER 2024 |
| 1. | Statutory information |
| Prime Demolition Properties Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 15625380. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 8 Mannings Heath Road, Poole, Dorset, BH12 4NQ. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents rental income, excluding Value Added Tax, recognised on a receivable basis |
| 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 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 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. |
| Financial instruments |
| Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities. |
| At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
| Change in accounting period |
| On 7 February 2025, the company changed its accounting period to 30 September, in line with its shareholders' other companies. |
| 3. | Employees and directors |
| The average number of employees during the period was |
| PRIME DEMOLITION PROPERTIES LIMITED (REGISTERED NUMBER: 15625380) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 8 APRIL 2024 TO 30 SEPTEMBER 2024 |
| 4. | Investment property |
| Total |
| £ |
| Fair value |
| Additions |
| Revaluations | 52,935 |
| At 30 September 2024 |
| Net book value |
| At 30 September 2024 |
| Investment property was valued on an open market basis on 30 September 2024 by the director. |
| 5. | Creditors: amounts falling due within one year |
| £ |
| Bank loans and overdrafts |
| Other creditors |
| Accruals and deferred income |
| 6. | Creditors: amounts falling due after more than one year |
| £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more 5 yr by instal |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 270,461 |
| 7. | Secured debts |
| All monies due to or to become due to National Westminster Bank PLC are secured by way of charges over the land at 8 Mannings Heath Road, Poole, Dorset, BH12 4NQ and all assets of the company. |
| 8. | Provisions for liabilities |
| £ |
| Deferred tax | 11,531 |
| Deferred |
| tax |
| £ |
| Charge to fair value reserve | 11,531 |
| Balance at 30 September 2024 |
| PRIME DEMOLITION PROPERTIES LIMITED (REGISTERED NUMBER: 15625380) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 8 APRIL 2024 TO 30 SEPTEMBER 2024 |
| 9. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal |
| value: | £ |
| Ordinary | £1 | 100 |
| 100 Ordinary shares of £1 were issued during the period |
| 10. | Reserves |
| Fair |
| value |
| reserve |
| £ |
| Revaluation | 52,936 |
| Taxation | (11,531 | ) |
| At 30 September 2024 |
| 11. | Ultimate controlling party |
| The company is controlled jointly by Mr P Pidgley and Mr T Doyle by virtue of their respective 50% interests in the voting share capital. |