Piccadilly Prime Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09825099

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		14,574		14,351
Investments	5		144,397		144,397

			158,971		158,748
CURRENT ASSETS
Debtors	6	1,054,604		286,476
Cash at bank and in hand		768		120,709

		1,055,372		407,185
Creditors: Amounts Falling Due Within One Year	7	(128,312 )		(290,793 )

NET CURRENT ASSETS (LIABILITIES)			927,060		116,392

TOTAL ASSETS LESS CURRENT LIABILITIES			1,086,031		275,140

Creditors: Amounts Falling Due After More Than One Year	8		(784,404 )		-

NET ASSETS			301,627		275,140

CAPITAL AND RESERVES
Called up share capital	9		200,000		200,000
Profit and Loss Account			101,627		75,140

SHAREHOLDERS' FUNDS			301,627		275,140

Page 1

Page 2

Piccadilly Prime 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 Mohammad Khobreh

Director

15 October 2025

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

1. General Information

Piccadilly Prime Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09825099 . The registered office is 403, 60 Gray's Inn Road 403, 60 Gray's Inn Road, London, WC1X 8AQ.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. 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:

Plant & Machinery	Over 5 years
Computer Equipment	20% reducing balance

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

Page 3

Page 4

Piccadilly Prime Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 November 2023	39,666
Additions	3,866

As at 31 October 2024	43,532

Depreciation
As at 1 November 2023	25,315
Provided during the period	3,643

As at 31 October 2024	28,958

Net Book Value
As at 31 October 2024	14,574

As at 1 November 2023	14,351

5. Investments

	Unlisted
	£
Cost
As at 1 November 2023	144,397

As at 31 October 2024	144,397

Provision
As at 1 November 2023	-

As at 31 October 2024	-

Net Book Value
As at 31 October 2024	144,397

As at 1 November 2023	144,397

6. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	11,138	15,238
Other debtors	1,032,185	260,960
VAT	11,281	10,278

	1,054,604	286,476

Page 4

Page 5

Piccadilly Prime Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	4,736	2,556
Corporation tax	20,104	13,123
Other taxes and social security	11,146	2,145
Net wages	71,773	19,429
Other creditors	10,051	251,497
Accruals and deferred income	975	900
Director's loan account	9,527	1,143

	128,312	290,793

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

	2024	2023
	£	£
Other loans	784,404	-

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	200,000	200,000

10. Related Party Transactions

Included in creditors falling due within one year is an amout of £9,527 (2023: £1,143) payable to the director of the company. This loan is interest free.

Page 5