1 January 2024 false No description of principal activity Taxfiler 2024.6 05329658business:PrivateLimitedCompanyLtd2024-01-012024-12-31 053296582023-12-31 053296582024-01-012024-12-31 05329658business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 05329658business:FilletedAccounts2024-01-012024-12-31 053296582024-12-31 05329658business:Director12024-01-012024-12-31 05329658business:Director22024-01-012024-12-31 05329658business:CompanySecretary12024-01-012024-12-31 05329658business:RegisteredOffice2024-01-012024-12-31 053296582023-12-31 05329658core:WithinOneYear2024-12-31 05329658core:WithinOneYear2023-12-31 05329658core:AfterOneYear2024-12-31 05329658core:AfterOneYear2023-12-31 05329658core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 05329658core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 05329658core:RevaluationReservecore:PreviouslyStatedAmount2024-12-31 05329658core:RevaluationReservecore:PreviouslyStatedAmount2023-12-31 05329658core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 05329658core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 05329658core:PreviouslyStatedAmount2024-12-31 05329658core:PreviouslyStatedAmount2023-12-31 05329658business:SmallEntities2024-01-012024-12-31 05329658countries:EnglandWales2024-01-012024-12-31 05329658core:MotorVehicles2023-12-31 05329658core:MotorVehicles2024-12-31 05329658core:MotorVehicles2024-01-012024-12-31 05329658core:MoreThanFiveYears2024-12-31 05329658core:MoreThanFiveYears2023-12-31 053296582023-01-012023-12-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
Premier Ground Rents No.1 Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
108,977 
145,302 
Investment property
8,143,897 
8,032,016 
8,252,874 
8,177,318 
Current assets
Debtors
1,562,510 
1,673,453 
Cash at bank and in hand
264,888 
270,787 
1,827,398 
1,944,240 
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 
Capital and reserves
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
- 4 -
Premier Ground Rents No.1 Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 January 2024
145,302 
At 31 December 2024
145,302 
Depreciation
Charge for the year
36,325 
At 31 December 2024
36,325 
Net book value
At 31 December 2024
108,977 
At 31 December 2023
145,302 
5
Investment property
2024 
£ 
Fair value at 1 January 2024
8,032,016 
Additions
111,881 
At 31 December 2024
8,143,897 
- 5 -
Premier Ground Rents No.1 Limited Notes to the Accounts for the year ended 31 December 2024
6
Debtors
2024 
2023 
£ 
£ 
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 
1,562,510 
1,673,453 
7
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 
264,225 
288,739 
8
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 
9
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.
10
Controlling party
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.
11
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 6 -