1 January 2024 false No description of principal activity Taxfiler 2024.6 06820623business:PrivateLimitedCompanyLtd2024-01-012024-12-31 068206232023-12-31 068206232024-01-012024-12-31 06820623business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 06820623business:FilletedAccounts2024-01-012024-12-31 068206232024-12-31 06820623business:Director12024-01-012024-12-31 06820623business:RegisteredOffice2024-01-012024-12-31 06820623core:WithinOneYear2024-12-31 06820623core:AfterOneYear2024-12-31 06820623core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 06820623core:RevaluationReservecore:PreviouslyStatedAmount2024-12-31 06820623core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 06820623core:PreviouslyStatedAmount2024-12-31 06820623business:SmallEntities2024-01-012024-12-31 06820623countries:EnglandWales2024-01-012024-12-31 06820623core:MoreThanFiveYears2024-12-31 iso4217:GBP xbrli:pure
Company Registration No. 06820623 (England and Wales)
Premier Ground Rents No.2 Limited Unaudited accounts for the year ended 31 December 2024
Premier Ground Rents No.2 Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Premier Ground Rents No.2 Limited Company Information for the year ended 31 December 2024
Director
Michael Stuart Moore
Company Number
06820623 (England and Wales)
Registered Office
UNIT 12 BEECH COURT WOKINGHAM ROAD HURST READING BERKSHIRE RG10 0RQ United Kingdom
- 3 -
Premier Ground Rents No.2 Limited Statement of financial position as at 31 December 2024
2024 
Notes
£ 
Fixed assets
Investment property
4
2,570,172 
Current assets
Debtors
5
(20,790)
Cash at bank and in hand
53,005 
32,215 
Creditors: amounts falling due within one year
6
(596,848)
Net current liabilities
(564,633)
Total assets less current liabilities
2,005,539 
Creditors: amounts falling due after more than one year
7
(1,111,974)
Net assets
893,565 
Capital and reserves
Called up share capital
100 
Revaluation reserve
582,187 
Profit and loss account
311,278 
Shareholders' funds
893,565 
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 25 June 2025 and were signed on its behalf by
Michael Stuart Moore Director Company Registration No. 06820623
- 4 -
Premier Ground Rents No.2 Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Premier Ground Rents No.2 Limited is a private company, limited by shares, registered in England and Wales, registration number 06820623. The registered office is UNIT 12 BEECH COURT, WOKINGHAM ROAD, HURST, READING, BERKSHIRE, RG10 0RQ, United Kingdom.
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.
4
Investment property
2024 
£ 
Fair value at 1 January 2024
2,570,172 
At 31 December 2024
2,570,172 
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
(30,790)
Amounts due from group undertakings etc.
10,000 
(20,790)
6
Creditors: amounts falling due within one year
2024 
£ 
Bank loans and overdrafts
16,408 
Amounts owed to group undertakings and other participating interests
348,000 
Taxes and social security
17,561 
Other creditors
2,090 
Accruals
19,430 
Deferred income
193,359 
596,848 
- 5 -
Premier Ground Rents No.2 Limited Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
1,111,974 
Aggregate of amounts that fall due for payment after five years
1,067,159 
8
Transactions with related parties
The Company owes £333,000 to Premier Ground Rents No.1 Limited, an associated company. The Company owes £5,000 to Moore Investments holding Limited, an associated company. The Company owes £10,000 to Premier Ground Rents Limited, an associated company. The Company is owed £10,000 by Moore Investment Limited, an associated company. This loan does not currently attract any interest.
9
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.
10
Average number of employees
During the year the average number of employees was 2.
- 6 -