Premier Management Partners Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03134373

PREMIER MANAGEMENT PARTNERS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

PREMIER MANAGEMENT PARTNERS LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	31 Dec 24		29 Dec 23
Note	£	£	£

Fixed assets

Tangible assets	4	16,968	16,968
Investments	5	1,933,987	1,933,987
		-------------	-------------
		1,950,955	1,950,955

Current assets

Debtors	6	174,032		174,032

Creditors: amounts falling due within one year	7	898,067		880,236
		----------		----------
Net current liabilities			724,035	706,204
			-------------	-------------
Total assets less current liabilities			1,226,920	1,244,751

Creditors: amounts falling due after more than one year	8	286,862	304,693
		-------------	-------------
Net assets		940,058	940,058
		-------------	-------------

Capital and reserves

Called up share capital	347,372	347,372
Share premium account	2,397,325	2,397,325
Profit and loss account	( 1,804,639)	( 1,804,639)
	-------------	-------------
Shareholders funds	940,058	940,058
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

PREMIER MANAGEMENT PARTNERS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 18 December 2025 , and are signed on behalf of the board by:

A J Spalton

Director

Company registration number: 03134373

PREMIER MANAGEMENT PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 30 DECEMBER 2023 TO 31 DECEMBER 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 9A Macklin Street, London, WC2B 5NE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Income statement

The company is dormant as defined by section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current period.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	20% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible assets

	Plant and machinery	Total
	£	£
Cost
At 30 December 2023 and 31 December 2024	117,333	117,333
	----------	----------
Depreciation
At 30 December 2023 and 31 December 2024	100,365	100,365
	----------	----------
Carrying amount
At 31 December 2024	16,968	16,968
	----------	----------
At 29 December 2023	16,968	16,968
	----------	----------

5. Investments

	Shares in group undertakings
	£
Cost
At 30 December 2023 and 31 December 2024	1,933,987
	-------------
Impairment
At 30 December 2023 and 31 December 2024	–
	-------------

Carrying amount
At 31 December 2024	1,933,987
	-------------
At 29 December 2023	1,933,987
	-------------

The company owns 100% of the issued share capital of the companies listed below,

White Label Management Limited

London Residential Management Limited

Cladding Consulting Limited

HME Home Management Excellence Limited

LRM Prime Limited

Under the provision of section 248 of the Companies Act 1985 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.

6. Debtors

	31 Dec 24	29 Dec 23
	£	£
Other debtors	174,032	174,032
	----------	----------

7. Creditors: amounts falling due within one year

	31 Dec 24	29 Dec 23
	£	£
Bank loans and overdrafts	23,000	23,000
Amounts owed to group undertakings and undertakings in which the company has a participating interest	875,067	857,236
	----------	----------
	898,067	880,236
	----------	----------

8. Creditors: amounts falling due after more than one year

	31 Dec 24	29 Dec 23
	£	£
Bank loans and overdrafts	286,862	304,693
	----------	----------

Bank loans are secured by a fixed and floating charge over the assets of the company.

9. Related party transactions

In the opinion of the directors, there is no controlling party.