COMPANY REGISTRATION NUMBER:
02185580
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Filleted Unaudited Financial Statements |
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Year ended 31 December 2024
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Officers and professional advisers |
1 |
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Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements |
2 |
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Statement of financial position |
3 |
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Notes to the financial statements |
5 |
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Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Primesite UK Limited |
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Year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Primesite UK Limited for the year ended 31 December 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Primesite UK Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Primesite UK Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Primesite UK Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Primesite UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Primesite UK Limited. You consider that Primesite UK Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Primesite UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hebblethwaites
Chartered accountants
2 Westbrook Court
Sharrow Vale Road
Sheffield
S11 8YZ
11 July 2025
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Statement of Financial Position (continued) |
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31 December 2024
Capital and reserves
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Called up share capital |
2 |
2 |
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---- |
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Shareholders funds |
2 |
2 |
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---- |
---- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
11 July 2025
, and are signed on behalf of the board by:
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Mr D E Hinchliffe |
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Director |
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Company registration number:
02185580
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Notes to the Financial Statements |
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Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Omega Court, 360 Cemetery Road, Sheffield, South Yorkshire, S11 8FT.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of management, there are no areas of judgement or key sources of estimation uncertainty that have a significant effect on the financial statements, other than those highlighted below.
Income tax
The taxation expense represents the sum of the tax currently payable. Current tax is recognised on taxable profit for the current year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Debtors
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2024 |
2023 |
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£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
421,655 |
421,559 |
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--------- |
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5.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
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£ |
£ |
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Other creditors |
423,333 |
423,333 |
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--------- |
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6.
Related party transactions
Included within debtors at the year end date are loan amounts owed to
Primesite UK Limited
by its parent company, in the sum of £421,655 (2023: £421,559). The loan is not subject to any formal repayment terms and neither is any interest chargeable.
7.
Controlling party
The parent company is Primesite Group Limited, a company incorporated in England and Wales. The registered office address of the parent company is Omega Court, 360 Cemetery Road, Sheffield, S11 8FT. The group structure headed by Primesite Group Limited qualifies as a small group, and therefore the parent company is not required to prepare consolidated financial statements. The ultimate controlling party is
Mr D E Hinchliffe
.