ACCOUNTS - Final Accounts

Registered number: 08803731

PRIME FIFTY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

PRIME FIFTY LIMITED

REGISTERED NUMBER: 08803731

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


CURRENT ASSETS
Debtors: amounts falling due within one year	4	668,913		656,570
Cash at bank and in hand		683		28,005
		669,596		684,575
Creditors: amounts falling due within one year	5	-		(14,799)
NET CURRENT ASSETS			669,596		669,776
TOTAL ASSETS LESS CURRENT LIABILITIES			669,596		669,776

NET ASSETS			669,596		669,776

CAPITAL AND RESERVES
Called up share capital	6	100	100
Profit and loss account		669,496	669,676
		669,596	669,776

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PRIME FIFTY LIMITED

REGISTERED NUMBER: 08803731

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

A Cleevely

Director

Date: 29 September 2025

The notes on pages 3 to 5 form part of these financial statements.

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PRIME FIFTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	GENERAL INFORMATION

Prime Fifty Limited is a private company limited by shares and incorporated in England and Wales. Its registered office address is Suite 4, 23 King Street, Cambridge CB1 1AH.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable net of Value Added Tax and trade discounts. Turnover from the sale of goods is recognised when goods are dispatched.

2.3

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.4

DEBTORS

Short-term debtors are measured at transaction price, less any impairment.

2.5

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

CREDITORS

Short-term creditors are measured at the transaction price.

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PRIME FIFTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

2.7

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 0 (2023 - 3).

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PRIME FIFTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

					2024	2023
					£	£


Trade debtors	-	43,735
Amounts owed by group undertakings	668,913	612,795
Other debtors	-	40
	668,913	656,570

5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2024	2023
		£	£

	Accruals and deferred income	-	14,799

6.	SHARE CAPITAL
		2024	2023
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

90 A Ordinary shares of £1 each	90	90
10 B Ordinary shares of £1 each	10	10

	100	100

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