REGISTERED NUMBER: 13791577 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Primary Investments Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

D S Clarke

REGISTERED OFFICE:

1 Minster Court

Tuscam Way

Camberley

Surrey

GU15 3YY

REGISTERED NUMBER:

13791577 (England and Wales)

ACCOUNTANTS:

Butt Miller

Chartered Accountants

1 Minster Court

Tuscam Way

Camberley

Surrey

GU15 3YY

FIXED ASSETS

Investments

4

175,000

178,843

Investment property

5

1,850,000

1,750,000

2,025,000

1,928,843

CURRENT ASSETS

Debtors

6

-

2,510

Cash at bank

42,554

29,611

42,554

32,121

CREDITORS

Amounts falling due within one year

7

(1,851,943

)

(1,848,298

)

NET CURRENT LIABILITIES

(1,809,389

)

(1,816,177

)

TOTAL ASSETS LESS CURRENT LIABILITIES

215,611

112,666

PROVISIONS FOR LIABILITIES

(25,000

)

-

NET ASSETS

190,611

112,666

CAPITAL AND RESERVES

Called up share capital

100

100

Non-distributable reserve

75,000

-

Retained earnings

115,511

112,566

190,611

112,666

The company is entitled to exemption from audit under Section 477 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 director acknowledges his 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 director and authorised for issue on 22 September 2025 and were signed by:

D S Clarke - Director

1.	STATUTORY INFORMATION

Primary Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts receivable for rental income. Where rental income has been received in advance of the rental period they relate to, the amounts are recorded as deferred income and included as part of creditors due within one year.

Fixed asset investments

Fixed asset investments including loans are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the Income Statement.

Investment property

Investment property, which is property held to earn rentals, is stated at its fair value as at the reporting date. The fair value is arrived at on the basis of a valuation by the director, which is made on an open market basis by reference to market evidence of transaction prices for similar properties. The movement for the year in relation to fair value adjustments is recognised in the Income Statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

178,843

Disposals

(3,843

)

At 31 December 2024

175,000

NET BOOK VALUE

At 31 December 2024

175,000

At 31 December 2023

178,843

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

1,750,000

Fair value movements

100,000

At 31 December 2024

1,850,000

NET BOOK VALUE

At 31 December 2024

1,850,000

At 31 December 2023

1,750,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

-

2,510

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Tax

18,437

14,204

Director's current account

1,823,369

1,823,755

Accruals and deferred income

10,137

10,339

1,851,943

1,848,298

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

D S Clarke

Balance outstanding at start of year

(1,823,755

)

(1,873,243

)

Amounts advanced

11,643

85,000

Amounts repaid

(11,257

)

(35,512

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,823,369

)

(1,823,755

)

The above loan is unsecured, interest-free and repayable on demand.