REGISTERED NUMBER: 00612776 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PREMABERG (GREAT BRITAIN) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs B M Osborn

N W Osborn

SECRETARY:

D B Peachey FCA

REGISTERED OFFICE:

62b Station Road

Liss

Hampshire

GU33 7AA

REGISTERED NUMBER:

00612776 (England and Wales)

ACCOUNTANTS:

Lewis Brownlee (Chichester) Limited

Chartered Accountants

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

FIXED ASSETS

Tangible assets

4

76,358

34,040

Investment property

5

6,055,729

5,815,000

6,132,087

5,849,040

CURRENT ASSETS

Debtors

6

104,483

267,989

Cash at bank and in hand

186,201

85,971

290,684

353,960

CREDITORS

Amounts falling due within one year

7

259,479

200,471

NET CURRENT ASSETS

31,205

153,489

TOTAL ASSETS LESS CURRENT LIABILITIES

6,163,292

6,002,529

CREDITORS

Amounts falling due after more than one year

8

(71,089

)

(47,239

)

PROVISIONS FOR LIABILITIES

11

(235,320

)

(235,718

)

NET ASSETS

5,856,883

5,719,572

CAPITAL AND RESERVES

Called up share capital

12

44,700

44,700

Retained earnings

13

5,812,183

5,674,872

SHAREHOLDERS' FUNDS

5,856,883

5,719,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 16 December 2025 and were signed on its behalf by:

N W Osborn - Director

1.	STATUTORY INFORMATION

Premaberg (Great Britain) Limited 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 presentational currency of the financial statements is Pound Sterling (£) which is rounded to the nearest Pound (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Going concern

The financial statements have been prepared on the going concern basis.

The company is reliant on the continuing support of its directors and shareholders, as well as a company under common control, and they have confirmed they will continue to provide that support for a period of at least twelve months from the date of signing these financial statements.The directors also believe the support from the company's bankers will also be maintained.

Accordingly, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover represents the gross value of rents, commissions and management charge receivable.

The company recognises revenue when:

- The amount of revenue can be reliably measured; and

- It is probable that future economic benefits will flow to the entity.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

33% on cost

Motor vehicles

-

25% on reducing balance

Investment property

Properties held for long term investment are included in the balance sheet at fair value with gains or losses on such properties recognised in the income statement.

Fair value is determined by the directors' assessment each reporting period. The directors made use of external data indicating current trends.

Financial instruments

Financial instruments are classified by the directors as basic or advanced. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

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.

Hire purchase and leasing commitments

Leases are classified as finance leases or hire purchase contracts whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases or hire purchase contracts are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease or hire purchases contract.

Lease or hire purchase payments are apportioned between finance costs in the income statement and reduction of the lease or hire purchase obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

2,376

60,279

62,655

Additions

1,509

80,376

81,885

Disposals

-

(60,279

)

(60,279

)

At 31 December 2024

3,885

80,376

84,261

DEPRECIATION

At 1 January 2024

2,243

26,372

28,615

Charge for year

636

5,024

5,660

Eliminated on disposal

-

(26,372

)

(26,372

)

At 31 December 2024

2,879

5,024

7,903

NET BOOK VALUE

At 31 December 2024

1,006

75,352

76,358

At 31 December 2023

133

33,907

34,040

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

60,279

Additions

80,376

Disposals

(60,279

)

At 31 December 2024

80,376

DEPRECIATION

At 1 January 2024

26,372

Charge for year

5,024

Eliminated on disposal

(26,372

)

At 31 December 2024

5,024

NET BOOK VALUE

At 31 December 2024

75,352

At 31 December 2023

33,907

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

5,815,000

Additions

490,729

Disposals

(250,000

)

At 31 December 2024

6,055,729

NET BOOK VALUE

At 31 December 2024

6,055,729

At 31 December 2023

5,815,000

The fair value of the company's investment properties was revalued on 31 December 2024 by the directors. The directors made use of external data indicating current trends.

Investment properties on a historical cost basis total £4,050,849 (2023 - £3,668,789).

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

-

5,086

Other debtors

77,134

241,439

77,134

246,525

Amounts falling due after more than one year:

Other debtors

27,349

21,464

Aggregate amounts

104,483

267,989

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 9)

6,230

10,352

Hire purchase contracts

10,240

9,383

Taxation and social security

86,380

38,750

Other creditors

156,629

141,986

259,479

200,471

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 9)

-

6,230

Hire purchase contracts

71,089

41,009

71,089

47,239

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans - <1 year

6,230

10,352

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

6,230

The bank loan was received under the Bounce Back Loan Scheme (BBLS). The loan has a fixed interest rate of 2.5%. The loan is repayable in 60 monthly repayments. A guarantee has been provided by the UK Government.

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

81,329

50,392

Hire purchase contracts are secured on the assets funded.

11.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

235,320

235,718

Deferred tax

£

Balance at 1 January 2024

235,718

Provided during year

(398

)

Balance at 31 December 2024

235,320

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

35,700

Ordinary

1

35,700

35,700

9,000

Ordinary A

1

9,000

9,000

44,700

44,700

13.

RESERVES

Retained

earnings

£

At 1 January 2024

5,674,872

Profit for the year

137,311

At 31 December 2024

5,812,183

Retained earnings include non-distributable reserves of £1,759,410 (2023 - £1,900,742).

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

N W Osborn

Balance outstanding at start of year

50,710

43,584

Amounts advanced

17,436

8,159

Amounts repaid

-

(1,033

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

68,146

50,710

The advances are repayable on demand and charged an interest rate of 2.25%.