Company Registration No. 09404766 (England and Wales)
Premier Ground Rents No.3 Limited
Unaudited accounts
for the year ended 31 December 2024
Premier Ground Rents No.3 Limited
Unaudited accounts
Contents
Premier Ground Rents No.3 Limited
Company Information
for the year ended 31 December 2024
Directors
Michael Stuart Moore
Vanessa Helen Moore
Oliver Charles Cox
Rachael Elizabeth Cox
Company Number
09404766 (England and Wales)
Registered Office
UNIT 12 BEECH COURT
WOKINGHAM ROAD
HURST
READING
BERKSHIRE
RG10 0RQ
United Kingdom
Premier Ground Rents No.3 Limited
Statement of financial position
as at 31 December 2024
Investment property
6,086,360
6,086,360
Debtors
1,186,289
1,153,423
Cash at bank and in hand
57,463
63,426
Creditors: amounts falling due within one year
137,616
342
Net current assets
1,381,368
1,217,191
Total assets less current liabilities
7,467,728
7,303,551
Creditors: amounts falling due after more than one year
(4,676,012)
(4,458,887)
Net assets
2,791,716
2,844,664
Called up share capital
1,000
1,000
Revaluation reserve
2,453,564
2,453,564
Profit and loss account
337,152
390,100
Shareholders' funds
2,791,716
2,844,664
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. 09404766
Premier Ground Rents No.3 Limited
Notes to the Accounts
for the year ended 31 December 2024
Premier Ground Rents No.3 Limited is a private company, limited by shares, registered in England and Wales, registration number 09404766. 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Fair value at 1 January 2024
6,086,360
At 31 December 2024
6,086,360
Premier Ground Rents No.3 Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
80,681
77,815
Amounts due from group undertakings etc.
1,105,500
1,075,500
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
22,609
119,609
Taxes and social security
-
49,559
Accruals
(160,225)
(169,510)
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
4,549,049
4,458,887
Taxes and social security
31,963
-
Aggregate of amounts that fall due for payment after five years
3,941,651
3,941,651
8
Transactions with related parties
The company is owed £435,000 by Premier Ground Rents No.7 Limited.
The company is owed £200,000 by Island Reach Bray Limited.
The company is owed £70,000 by Premier Ground Rents No.5 Limited.
These loans do not attract any interest.
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 (2023: 2).