Company Registration No. 05329658 (England and Wales)
Premier Ground Rents No.1 Limited
Unaudited accounts
for the year ended 31 December 2024
Premier Ground Rents No.1 Limited
Unaudited accounts
Contents
Premier Ground Rents No.1 Limited
Company Information
for the year ended 31 December 2024
Directors
Michael Stuart Moore
Vanessa Helen Moore
Secretary
Michael Stuart Moore
Company Number
05329658 (England and Wales)
Registered Office
UNIT 2 BEECH COURT
WOKINGHAM ROAD HURST
READING
BERKSHIRE
RG10 0RU
Premier Ground Rents No.1 Limited
Statement of financial position
as at 31 December 2024
Tangible assets
108,977
145,302
Investment property
8,143,897
8,032,016
Debtors
1,562,510
1,673,453
Cash at bank and in hand
264,888
270,787
Creditors: amounts falling due within one year
(264,225)
(288,739)
Net current assets
1,563,173
1,655,501
Total assets less current liabilities
9,816,047
9,832,819
Creditors: amounts falling due after more than one year
(6,583,858)
(6,419,494)
Net assets
3,232,189
3,413,325
Called up share capital
100
100
Revaluation reserve
2,565,550
2,565,550
Profit and loss account
666,539
847,675
Shareholders' funds
3,232,189
3,413,325
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. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by
Michael Stuart Moore
Director
Company Registration No. 05329658
Premier Ground Rents No.1 Limited
Notes to the Accounts
for the year ended 31 December 2024
Premier Ground Rents No.1 Limited is a private company, limited by shares, registered in England and Wales, registration number 05329658. The registered office is UNIT 2 BEECH COURT, WOKINGHAM ROAD HURST, READING, BERKSHIRE, RG10 0RU.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Motor vehicles
At 31 December 2024
145,302
Charge for the year
36,325
At 31 December 2024
36,325
At 31 December 2024
108,977
At 31 December 2023
145,302
Fair value at 1 January 2024
8,032,016
At 31 December 2024
8,143,897
Premier Ground Rents No.1 Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
6,758
(60,280)
Amounts due from group undertakings etc.
1,429,359
1,678,028
Other debtors
126,393
55,705
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
36,573
66,201
Obligations under finance leases and hire purchase contracts
97,629
133,365
Amounts owed to group undertakings and other participating interests
338,625
335,345
Taxes and social security
1,367
14,440
Other creditors
27,213
26,576
Accruals
(259,079)
(309,085)
Deferred income
21,897
21,897
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Creditors: amounts falling due after more than one year
2024
2023
Bank loans
6,583,858
6,419,494
Aggregate of amounts that fall due for payment after five years
657,922
5,822,257
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Transactions with related parties
The Company is owed £815,000 by Moore Residential Limited, an associated company.
The Company is owed £242,324 by Wapello Investments Limited, an associated company.
The Company is owed £32,034 by Island Reach Bray Limited, an associated company.
The Company is owed £340,000 by Premier Ground Rents No. 2 Limited, an associated company.
The Company owes £20,000 to Moore Investment Holdings Limited, an associated Company.
The company's ultimate parent company and ultimate controlling party is Moore Investment Holdings Ltd a company incorporated in England (No. 09419502), operating from Unit 2 Beech Court, Wokingham Road, Hurst RG10 0RQ.
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Average number of employees
During the year the average number of employees was 3 (2023: 3).