IRIS Accounts Production v24.1.4.33 12676650 director 1.7.23 30.6.24 30.6.24 false true false false true false Fair value model 'A' Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh126766502023-06-30126766502024-06-30126766502023-07-012024-06-30126766502022-06-30126766502022-07-012023-06-30126766502023-06-3012676650ns15:EnglandWales2023-07-012024-06-3012676650ns14:PoundSterling2023-07-012024-06-3012676650ns10:Director12023-07-012024-06-3012676650ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3012676650ns10:SmallEntities2023-07-012024-06-3012676650ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3012676650ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3012676650ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3012676650ns10:FullAccounts2023-07-012024-06-3012676650ns10:OrdinaryShareClass12023-07-012024-06-3012676650ns10:RegisteredOffice2023-07-012024-06-3012676650ns5:CurrentFinancialInstruments2024-06-3012676650ns5:CurrentFinancialInstruments2023-06-3012676650ns5:Non-currentFinancialInstruments2024-06-3012676650ns5:Non-currentFinancialInstruments2023-06-3012676650ns5:ShareCapital2024-06-3012676650ns5:ShareCapital2023-06-3012676650ns5:RetainedEarningsAccumulatedLosses2024-06-3012676650ns5:RetainedEarningsAccumulatedLosses2023-06-3012676650ns5:ComputerEquipment2023-06-3012676650ns5:ComputerEquipment2023-07-012024-06-3012676650ns5:ComputerEquipment2024-06-3012676650ns5:ComputerEquipment2023-06-3012676650ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3012676650ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3012676650ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-06-3012676650ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-06-3012676650ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-06-3012676650ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3012676650ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-06-3012676650ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-3012676650ns5:Secured2024-06-3012676650ns5:Secured2023-06-3012676650ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: 12676650 (England and Wales)


















PRIME PROPERTY AND LETTINGS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






PRIME PROPERTY AND LETTINGS LTD (REGISTERED NUMBER: 12676650)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRIME PROPERTY AND LETTINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: R B Jones





REGISTERED OFFICE: 27a Commercial Street
Ystrad Mynach
Hengoed
County of Cardiff
CF82 7DW





REGISTERED NUMBER: 12676650 (England and Wales)





ACCOUNTANTS: MHA (trading name of MHA Advisory Limited)
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

PRIME PROPERTY AND LETTINGS LTD (REGISTERED NUMBER: 12676650)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 86
Investment property 5 303,877 303,877
303,877 303,963

CURRENT ASSETS
Debtors 6 807 14,531
Cash at bank 755 70
1,562 14,601
CREDITORS
Amounts falling due within one year 7 (37,457 ) (45,759 )
NET CURRENT LIABILITIES (35,895 ) (31,158 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

267,982

272,805

CREDITORS
Amounts falling due after more than one
year

8

(272,464

)

(280,586

)

PROVISIONS FOR LIABILITIES - (22 )
NET LIABILITIES (4,482 ) (7,803 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (4,582 ) (7,903 )
SHAREHOLDERS' FUNDS (4,482 ) (7,803 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

PRIME PROPERTY AND LETTINGS LTD (REGISTERED NUMBER: 12676650)

BALANCE SHEET - continued
30 JUNE 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 June 2025 and were signed by:





R B Jones - Director


PRIME PROPERTY AND LETTINGS LTD (REGISTERED NUMBER: 12676650)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Prime Property And Lettings Ltd 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
The turnover shown in the profit and loss account represents rental income receivable during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% on straight line basis.

Investment property
Investment property is included at fair value. Gains are recognised in the profit and loss statement. Deferred
taxation is provided on these gains at the rate expected to apply when the asset is sold.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated 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 ) .

PRIME PROPERTY AND LETTINGS LTD (REGISTERED NUMBER: 12676650)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2023
and 30 June 2024 1,086
DEPRECIATION
At 1 July 2023 1,000
Charge for year 86
At 30 June 2024 1,086
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 86

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 303,877
NET BOOK VALUE
At 30 June 2024 303,877
At 30 June 2023 303,877

The investment property was purchased during the prior year. The director considers that the fair value of the property at the year end does not differ significantly from its acquisition cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 751 12,500
Other debtors 56 2,031
807 14,531

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,453 26,206
Hire purchase contracts 435 1,742
Trade creditors 2,220 -
Corporation tax 3,476 2,507
Directors' current accounts 5,652 1,663
Accruals and deferred income 2,221 13,641
37,457 45,759

PRIME PROPERTY AND LETTINGS LTD (REGISTERED NUMBER: 12676650)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 23,453 23,453
Bank loans - 2-5 years 70,359 70,359
Bank loans more than 5 years 88,798 96,485
Hire purchase contracts - 435
Other creditors 89,854 89,854
272,464 280,586

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 88,798 96,485

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 206,063 213,750

The bank loan is secured by a fixed charge over the property to which it relates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 'A' Ordinary £1 100 100