| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 October 2024 |
| for |
| The Prime Energize Holding Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 October 2024 |
| for |
| The Prime Energize Holding Limited |
| The Prime Energize Holding Limited (Registered number: 07800594) |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| The Prime Energize Holding Limited |
| Company Information |
| for the Year Ended 31 October 2024 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| First Floor |
| Millennium House |
| Victoria Road |
| Douglas |
| Isle of Man |
| IM2 4RW |
| The Prime Energize Holding Limited (Registered number: 07800594) |
| Balance Sheet |
| 31 October 2024 |
| 2024 | 2023 |
| as restated |
| Notes | € | € | € | € |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The Prime Energize Holding Limited (Registered number: 07800594) |
| Balance Sheet - continued |
| 31 October 2024 |
| The financial statements were approved by the director and authorised for issue on |
| The Prime Energize Holding Limited (Registered number: 07800594) |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2024 |
| 1. | STATUTORY INFORMATION |
| The Prime Energize Holding Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Motor vehicles | - |
| Foreign currencies |
| Assets and liabilities in foreign currencies, with the exception of share capital, are translated into Euros at the rates of exchange ruling at the Balance Sheet date. Share capital is translated at the historical rate. Transactions in foreign currencies are translated into Euros at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Fixed asset investments |
| Fixed asset investments are shown at their cost to the company, including all costs of acquisition, less any provision for impairment. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2023 - NIL). |
| 4. | TANGIBLE FIXED ASSETS |
| Motor |
| vehicles |
| € |
| COST |
| At 1 November 2023 |
| and 31 October 2024 |
| DEPRECIATION |
| At 1 November 2023 |
| Charge for year |
| At 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| At 31 October 2023 |
| The Prime Energize Holding Limited (Registered number: 07800594) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 5. | FIXED ASSET INVESTMENTS |
| Unquoted |
| investments |
| € |
| COST OR VALUATION |
| At 1 November 2023 |
| Additions |
| Disposals | ( |
) |
| At 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| At 31 October 2023 |
| At 31 October 2024 the company held the following investments: |
| 1,000 shares in Etiderwish Unipessoal Lda, a company incorporated in Portugal, which represents 100% of the ordinary share capital. |
| 142.117 USD 0.001 Class1- Series C Participating Shares in Dorae Inc., a company incorporated in the Cayman Islands. |
| 50,000 shares in Prime III Rent A Car LDA, a company incorporated in Portugal, which represents 100% of the ordinary share capital. |
| Additions in the year: |
| 50,000 shares in The Prime I Consulting Unipessoal LDA at a cost of €50,000 on 22 November 2023. |
| 468,572.95 shares in The Prime X Monte Verde LDA at cost of €468,572.95 on 10 November 2023. |
| Disposals in the year: |
| 3,700 shares in The Prime XII Investments LDA (formerly Adquirsale) at a cost of €3,700 on 27 November 2023. |
| 50,000 shares in The Prime I Consulting Unipessoal LDA at a cost of €50,000 on 22 March 2024. |
| 200,816.98 shares in The Prime X Monte Verde LDA at cost of €200,816.98 on 22 March 2024. |
| 468,572.95 shares in The Prime X Monte Verde LDA at cost of €468,572.95 on 22 March 2024. |
| The Prime Energize Holding Limited (Registered number: 07800594) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| as restated |
| € | € |
| Loan - Prime I Consult Unip | 221,211 | - |
| Beneficial owner loan | 202 | - |
| Prepayments |
| Other debtors | 581,025 | 528,471 |
| Loan - Sana Salutis | 7,141 | - |
| Loan - Justin Amorim | 59,763 | - |
| Loan - Frederico Mira | 50,000 | - |
| Loan - Etiderwish Unipessoal | 377,947 | 369,947 |
| Loan - Business and Solutions | 123,335 | 120,445 |
| Loan - SMM | 6,770,637 | 6,975,637 |
| Loan - Prime I Consulting SA | 76,600 | 76,600 |
| Loan - Prime II Energize LDA | 28,000 | 28,000 |
| Loan - The Prime VII - Real Es | 461,879 | - |
| Loan - The Prime XI Holding | 625,000 | 625,000 |
| The loans to The Prime I Consulting Unipessoal LDA, Beneficial Owner, Sana Salutis, Justin Amorim, Frederico Mira, Etiderwish Unipessoal LDA, Business and Solutions (Formerly: The Prime IX Corporate), SMM - Sociedade Imobiliaria LDA, The Prime I Consulting S.A, Prime II Energize LDA, The Prime VII - Real Estate Unip. LDA and The Prime XI Holding Capital LDA are unsecured, interest free and repayable on demand. |
| Other debtors are made up of numerous loans with various companies under the same beneficial ownership and are unsecured, interest-free and without a specified repayment date. A full breakdown is listed in the related party note. |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| as restated |
| € | € |
| Loan - The Prime XII Inv LDA |
| Loan - Sun House Consulting | 3,700 | 3,700 |
| Loan - Prime I Consulting Unip | - | 50,000 |
| Loan - The Prime IV-Tourism | 669,390 | 200,817 |
| Trade creditors |
| Accruals |
| The loans from The Prime XII Investments LDA (Formerly Adquirsale), Sun House Consulting Business Unipessoal LDA and The Prime IV-Tourism Management LDA are unsecured, interest-free and without a specified repayment date. The loan from The Prime I Consulting Unipessoal LDA was repaid during the year. |
| The Prime Energize Holding Limited (Registered number: 07800594) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | as restated |
| € | € |
| Ordinary | £1 | 1,129 | 1,129 |
| 9. | RESERVES |
| Retained |
| earnings |
| € |
| At 1 November 2023 |
| Deficit for the year | ( |
) |
| At 31 October 2024 |
| 10. | RELATED PARTY DISCLOSURES |
| SMM - Sociedade Imobiliaria LDA |
| Common control |
| 2024 | 2023 |
| as restated |
| € | € |
| Amount due from related party at the balance sheet date | 6,770,637 | 6,975,637 |
| Etiderwish Unipessoal LDA |
| Subsidiary |
| 2024 | 2023 |
| as restated |
| € | € |
| Amount due from related party at the balance sheet date | 377,947 | 369,947 |
| The Prime I Consulting S.A |
| Common control |
| 2024 | 2023 |
| as restated |
| € | € |
| Amount due from related party at the balance sheet date | 76,600 | 76,600 |
| The Prime Energize Holding Limited (Registered number: 07800594) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 10. | RELATED PARTY DISCLOSURES - continued |
| Prime II Energize LDA |
| Common control |
| 2024 | 2023 |
| as restated |
| € | € |
| Amount due from related party at the balance sheet date | 28,000 | 28,000 |
| The Prime XI Holding Capital LDA |
| Common control |
| 2024 | 2023 |
| as restated |
| € | € |
| Amount due from related party at the balance sheet date | 625,000 | 625,000 |
| Frederico Miguel de Freitas Mira |
| Son of Director/Beneficial owner |
| 2024 | 2023 |
| as restated |
| € | € |
| Amount due from related party at the balance sheet date | 50,000 | - |
| The Prime XII Investments LDA |
| Common control |
| 2024 | 2023 |
| as restated |
| € | € |
| Amount due to related party at the balance sheet date | 235,541 | 141,895 |
| The Prime Energize Holding Limited (Registered number: 07800594) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 10. | RELATED PARTY DISCLOSURES - continued |
| Other debtors |
| Common control |
| Silicon Gulf.com LLC €47,671.85 |
| Villa Magna Capital Limited €44,353.37 |
| ThePrimeXMonteVerde €80,000.00 |
| THE PRIME VII - Real Estate Uni €8,615.00 |
| The Prime V Beach Club LD €50,000.00 |
| ThePrimeIV-TourismManagementLDA - Lavipoint (€19,384.84) |
| The Prime III Rent a Car €268,000.00 |
| Sun House Consulting €1,949.29 |
| Obsidian Property LLC €6,481.10 |
| Blue Garden LLC €15,838.99 |
| Prime XI Holding Capital Lda €77,500.00 |
| 2024 | 2023 |
| as restated |
| € | € |
| Amount due from related party at the balance sheet date | 581,025 | 528,471 |
| The Prime I Consulting Unipessoal LDA |
| Common control |
| 2024 | 2023 |
| as restated |
| € | € |
| Amount due from related party at the balance sheet date | 221,211 | - |
| The Prime VII - Real Estate Unip. Lda |
| Common control |
| 2024 | 2023 |
| as restated |
| € | € |
| Amount due from related party at the balance sheet date | 461,879 | - |
| 11. | POST BALANCE SHEET EVENTS |
| The effect of events relating to the year ended 31 October 2024, which occurred before the date of approval of the financial statements by the director, have been included to the extent required to show a true and fair view of the state of affairs at 31 October 2024 and of the results of the year ended on that date. |