1 January 2024 false No description of principal activity Taxfiler 2024.6 10602176business:PrivateLimitedCompanyLtd2024-01-012024-12-31 106021762023-12-31 106021762024-01-012024-12-31 10602176business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 10602176business:FilletedAccounts2024-01-012024-12-31 106021762024-12-31 10602176business:Director12024-01-012024-12-31 10602176business:Director22024-01-012024-12-31 10602176business:RegisteredOffice2024-01-012024-12-31 106021762023-12-31 10602176core:WithinOneYear2024-12-31 10602176core:WithinOneYear2023-12-31 10602176core:AfterOneYear2024-12-31 10602176core:AfterOneYear2023-12-31 10602176core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 10602176core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 10602176core:RevaluationReservecore:PreviouslyStatedAmount2024-12-31 10602176core:RevaluationReservecore:PreviouslyStatedAmount2023-12-31 10602176core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 10602176core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 10602176core:PreviouslyStatedAmount2024-12-31 10602176core:PreviouslyStatedAmount2023-12-31 10602176business:SmallEntities2024-01-012024-12-31 10602176countries:EnglandWales2024-01-012024-12-31 10602176core:AdditionsToInvestments2024-12-31 10602176core:MoreThanFiveYears2024-12-31 10602176core:MoreThanFiveYears2023-12-31 10602176core:AfterOneYear2024-01-012024-12-31 106021762023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 10602176 (England and Wales)
Premier Ground Rents No.7 Limited Unaudited accounts for the year ended 31 December 2024
Premier Ground Rents No.7 Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Premier Ground Rents No.7 Limited Company Information for the year ended 31 December 2024
Directors
Michael Stuart Moore Oliver Charles Cox
Company Number
10602176 (England and Wales)
Registered Office
UNIT 12 BEECH COURT WOKINGHAM RD HURST RG10 0RU UNITED KINGDOM
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Premier Ground Rents No.7 Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
4
4,461,900 
4,618,633 
Investments
5
218,733 
- 
4,680,633 
4,618,633 
Current assets
Debtors
6
837,541 
787,898 
Cash at bank and in hand
16,989 
9,677 
854,530 
797,575 
Creditors: amounts falling due within one year
7
(1,900,094)
(1,629,637)
Net current liabilities
(1,045,564)
(832,062)
Total assets less current liabilities
3,635,069 
3,786,571 
Creditors: amounts falling due after more than one year
8
(2,442,595)
(2,490,400)
Net assets
1,192,474 
1,296,171 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
752,293 
752,293 
Profit and loss account
440,081 
543,778 
Shareholders' funds
1,192,474 
1,296,171 
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 11 August 2025 and were signed on its behalf by
Michael Stuart Moore Director Company Registration No. 10602176
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Premier Ground Rents No.7 Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Premier Ground Rents No.7 Limited is a private company, limited by shares, registered in England and Wales, registration number 10602176. The registered office is UNIT 12 BEECH COURT, WOKINGHAM RD, HURST, RG10 0RU, 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.
Investment property
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.
4
Investment property
2024 
£ 
Fair value at 1 January 2024
4,618,633 
Transfers to tangible fixed assets
(156,733)
At 31 December 2024
4,461,900 
5
Investments
Other investments 
£ 
Valuation at 1 January 2024
- 
Additions
218,733 
Valuation at 31 December 2024
218,733 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
259,354 
109,711 
Amounts due from group undertakings etc.
578,287 
678,287 
Other debtors
(200)
(200)
837,441 
787,798 
Amounts falling due after more than one year
Other debtors
100 
100 
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Premier Ground Rents No.7 Limited Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
51,164 
54,524 
Amounts owed to group undertakings and other participating interests
1,837,211 
1,555,211 
Taxes and social security
(541)
10,185 
Other creditors
5,644 
3,900 
Accruals
6,616 
5,817 
1,900,094 
1,629,637 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,442,595 
2,490,400 
Aggregate of amounts that fall due for payment after five years
- 
2,265,211 
The loans are secured on the investment property to which they relate
9
Transactions with related parties
The company owes £435,000 to Premier Ground Rent No.3 Limited, an associated company. The company owes £1,025,000 to Premier Ground Rents Limited, an associated company. The company owes £40,070 to Oliver cox Holdings Limited, an associated company. The company owes £40,140 to Moore Investment Holdings Limited, an associated company. The company owes £80,000 to Premier Ground Rents No. 4 Limited, an associated company. The company is owed £348,287 by Premier Ground Rents No.5 Limited, an associated company The company is owed £225,000 by Premier Ground Rents No.5 Limited, an associated company The company is owed £5,000 by Premier Ground Rents No.6 Limited, an associated company These loans do not attract any interest.
10
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.
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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