Prema Projects Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 02155785

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		7,291		145
Investment Properties	5		570,000		506,130

			577,291		506,275
CURRENT ASSETS
Debtors	6	430		670
Cash at bank and in hand		86,830		81,875

		87,260		82,545
Creditors: Amounts Falling Due Within One Year	7	(237,549 )		(223,167 )

NET CURRENT ASSETS (LIABILITIES)			(150,289 )		(140,622 )

TOTAL ASSETS LESS CURRENT LIABILITIES			427,002		365,653

PROVISIONS FOR LIABILITIES
Deferred Taxation			(12,135 )		-

NET ASSETS			414,867		365,653

CAPITAL AND RESERVES
Called up share capital	8		200		200
Revaluation reserve	9		413,781		362,046
Profit and Loss Account			886		3,407

SHAREHOLDERS' FUNDS			414,867		365,653

Page 1

Page 2

Prema Projects Limited

Balance Sheet (continued)

As At 31 October 2024

For the year ending 31 October 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.

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

Mr Roger Artur Purvey

Director

19/06/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Prema Projects Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02155785 . The registered office is 12a Duke Street, Sutton Coldfield, West Midlands, B72 1RJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "TheFinancial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under thehistorical cost convention.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:

Plant & Machinery	15% on cost
Fixtures & Fittings	20% on cost
Computer Equipment	25% on cost

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except tothe 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 orsubstantively enacted by the balance sheet date.

2.6. Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balancesheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different fromthose 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 thetiming difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that theywill be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

Page 3

Page 4

Prema Projects Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost or Valuation
As at 1 November 2023	361	7,347	1,833	9,541
Additions	-	7,715	-	7,715

As at 31 October 2024	361	15,062	1,833	17,256

Depreciation
As at 1 November 2023	216	7,347	1,833	9,396
Provided during the period	55	514	-	569

As at 31 October 2024	271	7,861	1,833	9,965

Net Book Value
As at 31 October 2024	90	7,201	-	7,291

As at 1 November 2023	145	-	-	145

5. Investment Property

	2024
	£
Fair Value
As at 1 November 2023	506,130
Revaluations	63,870

As at 31 October 2024	570,000

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	(613 )	(38 )
Other debtors	1,043	708

	430	670

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	47	28
Other creditors	236,233	221,801
Taxation and social security	1,269	1,338

	237,549	223,167

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	200	200

Page 4

Page 5

Prema Projects Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

9. Reserves

	Revaluation Reserve
	£
As at 1 November 2023	362,046
Transfer to profit and loss	51,735

As at 31 October 2024	413,781

Page 5