Prime Development Solutions Ltd

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

Registered number: 14414752

		31 October 2024		31 October 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		52,233		52,233

			52,233		52,233
CURRENT ASSETS
Debtors	5	-		10,423
Cash at bank and in hand		191,741		188,917

		191,741		199,340
Creditors: Amounts Falling Due Within One Year	6	(89,750 )		(78,201 )

NET CURRENT ASSETS (LIABILITIES)			101,991		121,139

TOTAL ASSETS LESS CURRENT LIABILITIES			154,224		173,372

Creditors: Amounts Falling Due After More Than One Year	7		(175,000 )		(175,000 )

NET LIABILITIES			(20,776 )		(1,628 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(20,777 )		(1,629 )

SHAREHOLDERS' FUNDS			(20,776)		(1,628)

Page 1

Page 2

Prime Development Solutions Ltd

Balance Sheet (continued)

As At 31 October 2024

For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

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

Mr Sumair MASOUD

Director

14/03/2025

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

1. General Information

Prime Development Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14414752 . The registered office is 59 Cambridge Road Linthorpe, Middlesbrough, TS5 5NL.

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. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Improvements

20% SLM

3. Average Number of Employees

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

4. Tangible Assets

	Land & Property
	Improvements
	£
Cost
As at 1 November 2023	52,233

As at 31 October 2024	52,233

Net Book Value
As at 31 October 2024	52,233

As at 1 November 2023	52,233

5. Debtors

	31 October 2024	31 October 2023
	£	£
Due within one year
VAT	-	10,423

6. Creditors: Amounts Falling Due Within One Year

	31 October 2024	31 October 2023
	£	£
Trade creditors	-	1
Accruals and deferred income	1,000	800
Director's loan account	88,750	77,400

	89,750	78,201

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Prime Development Solutions Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

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

	31 October 2024	31 October 2023
	£	£
Other loans	175,000	175,000

8. Share Capital

	31 October 2024	31 October 2023
	£	£
Allotted, Called up and fully paid	1	1