REGISTERED NUMBER: 08325064 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Prime Property Management (Guildford)

Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

P M Smith

Mrs J V Smith

REGISTERED OFFICE:

1 Minster Court

Tuscam Way

Camberley

Surrey

GU15 3YY

REGISTERED NUMBER:

08325064 (England and Wales)

ACCOUNTANTS:

Butt Miller

Chartered Accountants

1 Minster Court

Tuscam Way

Camberley

Surrey

GU15 3YY

FIXED ASSETS

Tangible assets

4

662

886

CURRENT ASSETS

Debtors

5

17,000

-

Cash at bank

314,574

233,224

331,574

233,224

CREDITORS

Amounts falling due within one year

6

(93,382

)

(62,780

)

NET CURRENT ASSETS

238,192

170,444

TOTAL ASSETS LESS CURRENT LIABILITIES

238,854

171,330

PROVISIONS FOR LIABILITIES

(165

)

(222

)

NET ASSETS

238,689

171,108

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

238,687

171,106

238,689

171,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 17 December 2025 and were signed on its behalf by:

Mrs J V Smith - Director

1.	STATUTORY INFORMATION

Prime Property Management (Guildford) 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.	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.

Turnover

Income relates to rents receivable and is recognised over the term of the rental.

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

-

25% 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Operating leases

Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2024

and 30 April 2025

5,188

DEPRECIATION

At 1 May 2024

4,302

Charge for year

224

At 30 April 2025

4,526

NET BOOK VALUE

At 30 April 2025

662

At 30 April 2024

886

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

17,000

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

26,982

10,859

Other creditors

-

71

Directors' loan accounts

47,831

37,324

Deferred income

2,764

2,079

Accrued expenses

15,805

12,447

93,382

62,780

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

30,000

30,000

Between one and five years

120,000

120,000

In more than five years

30,000

60,000

180,000

210,000

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

£

P M Smith and Mrs J V Smith

Balance outstanding at start of year

(37,324

)

7,007

Amounts advanced

35,865

15,000

Amounts repaid

(46,372

)

(59,331

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(47,831

)

(37,324

)

The above loan is unsecured and repayable on demand.

Interest on loans to the company is charged at 10% per annum. Loans from the company, in excess of £10,000 per person, are charged interest at HMRC's approved rate.