Primary Estates Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03485335

Primary Estates Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2024

Primary Estates Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5	1,609	2,146
Investments	6	50	50
		-------	-------
		1,659	2,196

Current assets

Debtors	7	3,300	3,300
Cash at bank and in hand		36,150	35,824
		--------	--------
		39,450	39,124

Creditors: amounts falling due within one year	8	101,721		105,070
		---------		---------
Net current liabilities			62,271	65,946
			--------	--------
Total assets less current liabilities			( 60,612)	( 63,750)
			--------	--------
Net liabilities			( 60,612)	( 63,750)
			--------	--------

Capital and reserves

Called up share capital	300	300
Profit and loss account	( 60,912)	( 64,050)
	--------	--------
Shareholders deficit	( 60,612)	( 63,750)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Primary Estates Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

M Cohen
Director

Company registration number: 03485335

Primary Estates Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hyde House, The Hyde, Edgware Road, London, NW9 6LA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	20% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	6,585	6,585
	-------	-------
Depreciation
At 1 January 2024	4,439	4,439
Charge for the year	537	537
	-------	-------
At 31 December 2024	4,976	4,976
	-------	-------
Carrying amount
At 31 December 2024	1,609	1,609
	-------	-------
At 31 December 2023	2,146	2,146
	-------	-------

6. Investments

	Shares in participating interests
	£
Cost
At 1 January 2024 and 31 December 2024	50
	----
Impairment
At 1 January 2024 and 31 December 2024	–
	----

Carrying amount
At 31 December 2024	50
	----
At 31 December 2023	50
	----

The company owns 50% of the issued share capital of Sparvale Limited, whose principal activity is that of property buying and selling.

Under the provision of Section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.

7. Debtors

	2024	2023
	£	£
Other debtors	3,300	3,300
	-------	-------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Social security and other taxes	290	–
Other creditors	101,431	105,070
	---------	---------
	101,721	105,070
	---------	---------

9. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	Balance brought forward and outstanding
	2024	2023
	£	£
M Cohen	( 6,188)	( 6,188)
	-------	-------