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Company Registration No. 04872695 (England and Wales)
Primenet Ventures Limited Unaudited accounts for the year ended 31 December 2024
Primenet Ventures Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Primenet Ventures Limited Company Information for the year ended 31 December 2024
Director
Roger Langley
Company Number
04872695 (England and Wales)
Registered Office
Lansdowne London Colney St Albans Hertfordshire AL2 1BU UK
Accountants
Roger Langley Lansdowne London Colney St Albans Hertfordshire AL2 1BU
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Primenet Ventures Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
5
8,962 
4,500 
Cash at bank and in hand
8,310 
6,449 
17,272 
10,949 
Creditors: amounts falling due within one year
6
(47,403)
(37,023)
Net current liabilities
(30,131)
(26,074)
Total assets less current liabilities
(30,131)
(26,074)
Creditors: amounts falling due after more than one year
7
520 
(3,024)
Net liabilities
(29,611)
(29,098)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(29,711)
(29,198)
Shareholders' funds
(29,611)
(29,098)
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 director acknowledges his 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 and authorised for issue on 12 September 2025 and were signed on its behalf by
Roger Langley Director Company Registration No. 04872695
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Primenet Ventures Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Primenet Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 04872695. The registered office is Lansdowne, London Colney, St Albans, Hertfordshire, AL2 1BU, UK.
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.
Going concern
As at 31 December 2024 the company had a net asset deficiency of £29,611 (2023 - £29,098). These accounts have been prepared on the going concern basis, on the understanding that the director and shareholders will continue to financially support the company during the subsequent accounting period.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
10,000 
At 31 December 2024
10,000 
Amortisation
At 1 January 2024
10,000 
At 31 December 2024
10,000 
Net book value
At 31 December 2024
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,962 
4,500 
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Primenet Ventures Limited Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,332 
1,332 
Other creditors
46,071 
35,691 
47,403 
37,023 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
(520)
3,024 
8
Transactions with related parties
Included in other creditors at the end of the year was the sum of £21,071 (2023 - £10,691) due to the director R. N. Langley.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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