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Company Registration No. 12818518 (England and Wales)
Prime Properties Southampton Limited Unaudited accounts for the year ended 31 December 2024
Prime Properties Southampton Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Prime Properties Southampton Limited Company Information for the year ended 31 December 2024
Directors
Debendra Sahu Aswita Sahu
Company Number
12818518 (England and Wales)
Registered Office
8 Bassett Close Southampton SO16 7PE
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Prime Properties Southampton Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
611,051 
265,000 
Current assets
Debtors
5
- 
400 
Cash at bank and in hand
60,934 
425,678 
60,934 
426,078 
Creditors: amounts falling due within one year
6
(4,976)
(2,472)
Net current assets
55,958 
423,606 
Total assets less current liabilities
667,009 
688,606 
Creditors: amounts falling due after more than one year
7
(624,534)
(624,534)
Provisions for liabilities
Deferred tax
(10,656)
(10,656)
Net assets
31,819 
53,416 
Capital and reserves
Called up share capital
100 
100 
Fair value reserve
45,430 
45,430 
Profit and loss account
(13,711)
7,886 
Shareholders' funds
31,819 
53,416 
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 23 September 2025 and were signed on its behalf by
Debendra Sahu Director Company Registration No. 12818518
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Prime Properties Southampton Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Prime Properties Southampton Limited is a private company, limited by shares, registered in England and Wales, registration number 12818518. The registered office is 8 Bassett Close, Southampton, SO16 7PE.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2024
265,000 
Additions
346,051 
At 31 December 2024
611,051 
Depreciation
At 31 December 2024
- 
Net book value
At 31 December 2024
611,051 
At 31 December 2023
265,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
- 
400 
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Prime Properties Southampton Limited Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
1,222 
Loans from directors
4,556 
830 
Accruals
420 
420 
4,976 
2,472 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
151,978 
151,978 
Other creditors
472,556 
472,556 
624,534 
624,534 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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