Prime Phenix Stirling Gardens Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 12935327

		29 September 2024		29 September 2023
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	14,233,003		983,602
Debtors	5	317,080		4,054
Cash at bank and in hand		-		3,181

		14,550,083		990,837
Creditors: Amounts Falling Due Within One Year	6	(3,834 )		(1,017,099 )

NET CURRENT ASSETS (LIABILITIES)			14,546,249		(26,262 )

TOTAL ASSETS LESS CURRENT LIABILITIES			14,546,249		(26,262 )

Creditors: Amounts Falling Due After More Than One Year	7		(14,574,632 )		-

NET LIABILITIES			(28,383 )		(26,262 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(28,483 )		(26,362 )

SHAREHOLDERS' FUNDS			(28,383)		(26,262)

Page 1

Page 2

Prime Phenix Stirling Gardens Ltd

Balance Sheet (continued)

As At 29 September 2024

For the year ending 29 September 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Dr Amir Naghsh

Director

25 September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Prime Phenix Stirling Gardens Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12935327 . The registered office is G-05, Davenport House, 16 Pepper Street, London, E14 9RP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Stocks

	29 September 2024	29 September 2023
	£	£
Work in progress	14,233,003	983,602

The stock - Work in progress is made up of a property development projects, which includes land, construction cost and attributable financial expenses (interest and charges) incurred as at the date of the report.

5. Debtors

	29 September 2024	29 September 2023
	£	£
Due within one year
Prepayments and accrued income	-	1,167
Other debtors	232,137	-
VAT	84,943	2,887

	317,080	4,054

Page 3

Page 4

Prime Phenix Stirling Gardens Ltd

Notes to the Financial Statements (continued)

For The Year Ended 29 September 2024

6. Creditors: Amounts Falling Due Within One Year

	29 September 2024	29 September 2023
	£	£
Other creditors	-	1,015,299
Accruals and deferred income	3,834	1,800

	3,834	1,017,099

7. Creditors: Amounts Falling Due After More Than One Year

	29 September 2024	29 September 2023
	£	£
Bank loans	6,433,282	-
Other loans	4,230,801	-
Amounts owed to participating interests	3,910,549	-

	14,574,632	-

8. Share Capital

	29 September 2024	29 September 2023
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

Included in creditors falling due after more than one year is an amount of £3,910,549 (2023: NIL) owed to parent company