Premier Properties (North West) Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: 01960802 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Premier Properties (North West) Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J W Edgar

Mrs P Edgar

P J Edgar

R W Edgar

Mrs H Chard

SECRETARY:

Mrs P Edgar

REGISTERED OFFICE:

3 Grove Road

Wrexham

LL11 1DY

REGISTERED NUMBER:

01960802 (England and Wales)

ACCOUNTANTS:

Guy Walmsley Limited

3 Grove Road

Wrexham

LL11 1DY

FIXED ASSETS

Tangible assets

5

1,649,685

1,649,206

CURRENT ASSETS

Cash at bank

152,164

157,725

CREDITORS

Amounts falling due within one year

6

51,421

102,310

NET CURRENT ASSETS

100,743

55,415

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,750,428

1,704,621

CAPITAL AND RESERVES

Called up share capital

2

Fair Valuation reserve

7

841,097

Retained earnings

909,329

863,522

SHAREHOLDERS' FUNDS

1,750,428

1,704,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

J W Edgar - Director

1.	STATUTORY INFORMATION

Premier Properties (North West) Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The accounts have been prepared in accordance with the provisions of FRS 102 Sections 1A Small Entities. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1 April 2024

1,644,379

56,590

1,700,969

Additions

-

1,206

At 31 March 2025

1,644,379

57,796

1,702,175

DEPRECIATION

At 1 April 2024

-

51,763

Charge for year

-

727

At 31 March 2025

-

52,490

NET BOOK VALUE

At 31 March 2025

1,644,379

5,306

1,649,685

At 31 March 2024

1,644,379

4,827

1,649,206

Included in cost or valuation of land and buildings is freehold land of £ 1,644,379 (2024 - £ 1,644,379 ) which is not depreciated.

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 2007

290,750

-

290,750

Valuation in 2008

1,273,970

-

1,273,970

Valuation in 2009

897,076

-

897,076

Valuation in 2012

(160,000

)

-

(160,000

)

Valuation in 2015

(290,556

)

-

(290,556

)

Valuation in 2016

(96,852

)

-

(96,852

)

Valuation in 2017

(125,326

)

-

(125,326

)

Valuation in 2018

(581,112

)

-

(581,112

)

Valuation in 2019

(90,000

)

-

(90,000

)

Valuation in 2022

(276,852

)

-

(276,852

)

Cost

803,281

57,796

861,077

1,644,379

57,796

1,702,175

If Freehold Property had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

Cost

803,282

Value of land in freehold land and buildings

803,282

Freehold Property was valued on an open market basis on 31 March 2008 by the directors of the company .

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Tax

11,601

14,268

Social security and other taxes

(9

)

(9

)

Other creditors

5,927

6,192

Directors' loan accounts

31,030

77,689

Accrued expenses

2,872

4,170

51,421

102,310

7.

RESERVES

Fair

Valuation

reserve

£

At 1 April 2024

and 31 March 2025

841,097

8.	ULTIMATE CONTROLLING PARTY

Mr & Mrs J Edgar own the share capital of the company equally between them.