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Company No: 15206039 (England and Wales)

PRIMESTAR INDUSTRIES LTD

Unaudited Financial Statements
For the financial period from 12 October 2023 to 31 December 2024
Pages for filing with the registrar

PRIMESTAR INDUSTRIES LTD

Unaudited Financial Statements

For the financial period from 12 October 2023 to 31 December 2024

Contents

PRIMESTAR INDUSTRIES LTD

COMPANY INFORMATION

For the financial period from 12 October 2023 to 31 December 2024
PRIMESTAR INDUSTRIES LTD

COMPANY INFORMATION (continued)

For the financial period from 12 October 2023 to 31 December 2024
DIRECTOR Henry Chamberlain (Appointed 12 October 2023)
REGISTERED OFFICE 6 New Road
Great Tew
Chipping Norton
OX7 4AG
United Kingdom
COMPANY NUMBER 15206039 (England and Wales)
ACCOUNTANT Mercer & Hole LLP
72 London Road
St Albans
AL1 1NS
England
PRIMESTAR INDUSTRIES LTD

BALANCE SHEET

As at 31 December 2024
PRIMESTAR INDUSTRIES LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024
£
Fixed assets
Tangible assets 3 382
Investments 4 1
383
Current assets
Debtors 5 90,007
Cash at bank and in hand ( 244)
89,763
Creditors: amounts falling due within one year 6 ( 93,716)
Net current liabilities (3,953)
Total assets less current liabilities (3,570)
Net liabilities ( 3,570)
Capital and reserves
Called-up share capital 1
Share premium account 199,999
Profit and loss account ( 203,570 )
Total shareholders' deficit ( 3,570)

For the financial period ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of PrimeStar Industries Ltd (registered number: 15206039) were approved and authorised for issue by the Director on 10 July 2025. They were signed on its behalf by:

Henry Chamberlain
Director
PRIMESTAR INDUSTRIES LTD

STATEMENT OF CHANGES IN EQUITY

For the financial period from 12 October 2023 to 31 December 2024
PRIMESTAR INDUSTRIES LTD

STATEMENT OF CHANGES IN EQUITY (continued)

For the financial period from 12 October 2023 to 31 December 2024
Called-up share capital Share premium account Profit and loss account Total
£ £ £ £
At 12 October 2023 0 0 0 0
Loss for the financial period 0 0 ( 203,570) ( 203,570)
Total comprehensive loss 0 0 ( 203,570) ( 203,570)
Issue of share capital 1 199,999 0 200,000
At 31 December 2024 1 199,999 ( 203,570) ( 3,570)

For further reference, see note 8

PRIMESTAR INDUSTRIES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 12 October 2023 to 31 December 2024
PRIMESTAR INDUSTRIES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 12 October 2023 to 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

PrimeStar Industries Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 6 New Road, Great Tew, Chipping Norton, OX7 4AG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The Company is supported through loans from the director. The director has confirmed that the loan facility will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. The director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The financial statements are presented for the period 12 October 2023 to 31 December 2024. This is the first period of accounts, prepared from the date of incorporation, and thus a long period.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
12.10.2023 to
31.12.2024
Number
Monthly average number of persons employed by the Company during the period, including the director 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 12 October 2023 0 0
Additions 598 598
At 31 December 2024 598 598
Accumulated depreciation
At 12 October 2023 0 0
Charge for the financial period 216 216
At 31 December 2024 216 216
Net book value
At 31 December 2024 382 382

4. Fixed asset investments

Investments in subsidiaries

31.12.2024
£
Cost
At 12 October 2023 0
Additions 1
At 31 December 2024 1
Carrying value at 31 December 2024 1

5. Debtors

31.12.2024
£
Trade debtors 44,881
Other debtors 45,126
90,007

6. Creditors: amounts falling due within one year

31.12.2024
£
Trade creditors 47,281
Other creditors 46,435
93,716