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REGISTERED NUMBER: 10377259 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PRIME INVESTMENT WORCESTER LIMITED

PRIME INVESTMENT WORCESTER LIMITED (REGISTERED NUMBER: 10377259)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

PRIME INVESTMENT WORCESTER LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: L Chumbley
R Laing
V Town
P J Holland
I Saunders





SECRETARY: Prime Company Secretarial Services Limited





REGISTERED OFFICE: 5 The Triangle
Wildwood Drive
Worcester
Worcestershire
WR5 2QX





REGISTERED NUMBER: 10377259 (England and Wales)

PRIME INVESTMENT WORCESTER LIMITED (REGISTERED NUMBER: 10377259)

STATEMENT OF FINANCIAL POSITION
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Investment property 3 57,500 57,500

CURRENT ASSETS
Cash at bank 26,897 26,897

CREDITORS
Amounts falling due within one year 4 (57,500 ) (57,500 )
NET CURRENT LIABILITIES (30,603 ) (30,603 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,897

26,897

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 6 26,797 26,797
SHAREHOLDER FUNDS 26,897 26,897

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2025 and were signed on its behalf by:




V Town - Director


PRIME INVESTMENT WORCESTER LIMITED (REGISTERED NUMBER: 10377259)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. ACCOUNTING POLICIES

General information and basis of accounting
Prime Investment Worcester Limited is a private company limited by shares and is incorporated in England and Wales. The address of the registered office is 5 The Triangle, Wildwood Drive, Worcester, Worcestershire, WR5 2QX. The nature of the company's operations and its principal activity was that of a property investment company for the Prime group (headed by Prime (GB) Holdings Limited).

The company's financial statements have been prepared in compliance with FRS 102 "The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland", Section 1A and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention and on a going concern basis as modified by the revaluation of land and buildings held as investment property.

The financial statements comprise the audited financial statements of the company up to 31 December each year, and are stated in pounds sterling, the company's functional and presentational currency.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence. For this reason they continue to adopt the going concern basis in preparing the financial statements. The assessment of going concern for the group as a whole is summarised in the Annual Report and financial statements of Prime (GB) Holdings Limited.

Exemptions
In accordance with the small companies regime no cashflow statement is required to be presented, as the company qualifies as a small entity as defined in the Companies Act 2006.

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any change recognised in the income statement. Unrealised gains (net of related deferred tax) are transferred from retained earnings to a separate revaluation reserve.

Critical accounting judgements and estimates
In preparing the financial statements the directors are required to make a number of accounting judgements and make estimates and assumptions concerning the future. The following judgments and estimates are deemed significant in the context of these financial statements:

i) Investment properties are required to be measured at fair value. The directors consider there has been no change in the fair value of investment property from the date of purchase therefore no revaluation adjustment has been reflected in these financial statements.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

PRIME INVESTMENT WORCESTER LIMITED (REGISTERED NUMBER: 10377259)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 57,500
NET BOOK VALUE
At 31 December 2024 57,500
At 31 December 2023 57,500

The fair value of the company's investment property is reviewed annually by the directors. The directors consider that there was no change to the value of the property acquired in the current year as at the year end.

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed to group undertakings 57,500 57,500

Amounts owed to group undertakings were unsecured, repayable within one year and attracted no interest.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary 1 100 100

6. RETAINED EARNINGS
Retained
earnings
£   

At 1 January 2024 26,797
Profit for the year -
At 31 December 2024 26,797

7. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under section 33 of FRS 102, not to disclose related party transactions with wholly owned subsidiaries within the group.

PRIME INVESTMENT WORCESTER LIMITED (REGISTERED NUMBER: 10377259)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

8. ULTIMATE CONTROLLING PARTY

The immediate parent company is Prime (UK) Investments Limited. The largest group of undertakings for which group financial statements are drawn up is that headed by Prime (GB) Holdings Limited, the ultimate parent company. The smallest group for which group financial statements are drawn up is that headed by Prime Plc, an intermediate parent company. Group financial statements are available from Companies House, Crown Way, Cardiff, CF14 3UZ.

There is no ultimate controlling party.