Company Registration No. 05644586 (England and Wales)
Prime Land Ltd
Unaudited accounts
for the year ended 31 December 2024
Prime Land Ltd
Unaudited accounts
Contents
Prime Land Ltd
Company Information
for the year ended 31 December 2024
Company Number
05644586 (England and Wales)
Registered Office
Hangingwater Stores
87 Hangingwater Road
Sheffield
South Yorkshire
S11 7ER
England
Accountants
Abacus Accounting Services
66 Abbeydale Rd
Sheffield
S7 1FD
Prime Land Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
8,759,590
7,995,435
Cash at bank and in hand
67,306
57,765
Creditors: amounts falling due within one year
(413,015)
(413,813)
Net current liabilities
(296,198)
(356,048)
Total assets less current liabilities
8,463,392
7,639,387
Creditors: amounts falling due after more than one year
(7,376,859)
(6,687,400)
Net assets
1,086,533
951,987
Called up share capital
1
1
Profit and loss account
1,086,532
951,986
Shareholders' funds
1,086,533
951,987
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 director acknowledges his 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 and authorised for issue on 17 September 2025 and were signed on its behalf by
Mr L A Khan
Director
Company Registration No. 05644586
Prime Land Ltd
Notes to the Accounts
for the year ended 31 December 2024
Prime Land Ltd is a private company, limited by shares, registered in England and Wales, registration number 05644586. The registered office is Hangingwater Stores, 87 Hangingwater Road, Sheffield, South Yorkshire, S11 7ER, England.
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.
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
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
7,890,533
104,544
358
7,995,435
Additions
680,549
83,606
-
764,155
At 31 December 2024
8,571,082
188,150
358
8,759,590
At 31 December 2024
-
-
-
-
At 31 December 2024
8,571,082
188,150
358
8,759,590
At 31 December 2023
7,890,533
104,544
358
7,995,435
Amounts falling due after more than one year
Prime Land Ltd
Notes to the Accounts
for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
334,025
313,125
Taxes and social security
61,760
91,518
Other creditors
7,200
2,040
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
4,707,835
4,941,204
Other creditors
364,273
318,493
Loans from directors
2,234,723
1,427,703
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).