REGISTERED NUMBER: SC183582 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

PRIME EVENTS (SCOTLAND) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss C A Fowler

REGISTERED OFFICE:

26 Sanday Road

Aberdeen

AB15 6DT

REGISTERED NUMBER:

SC183582 (Scotland)

ACCOUNTANTS:

Fyfe Moir & Associates

1st Floor, 5 Abercrombie Crt

Prospect Road,

Westhill

Aberdeenshire

Grampian

AB32 6FE

FIXED ASSETS

Intangible assets

4

1,386

2,986

Tangible assets

5

24,732

31,907

26,118

34,893

CURRENT ASSETS

Debtors

6

169,632

115,620

Cash at bank

55,593

85,634

225,225

201,254

CREDITORS

Amounts falling due within one year

7

89,982

70,575

NET CURRENT ASSETS

135,243

130,679

TOTAL ASSETS LESS CURRENT LIABILITIES

161,361

165,572

CREDITORS

Amounts falling due after more than one year

8

34,541

46,828

NET ASSETS

126,820

118,744

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

126,819

118,743

SHAREHOLDERS' FUNDS

126,820

118,744

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 director acknowledges her 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 director and authorised for issue on 24 December 2025 and were signed by:

Miss C A Fowler - Director

1.	STATUTORY INFORMATION

Prime Events (Scotland) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

8,000

AMORTISATION

At 1 April 2024

5,014

Charge for year

1,600

At 31 March 2025

6,614

NET BOOK VALUE

At 31 March 2025

1,386

At 31 March 2024

2,986

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

53,374

27,115

36,068

116,557

Additions

412

-

1,020

1,432

At 31 March 2025

53,786

27,115

37,088

117,989

DEPRECIATION

At 1 April 2024

42,397

6,951

35,302

84,650

Charge for year

2,131

6,392

84

8,607

At 31 March 2025

44,528

13,343

35,386

93,257

NET BOOK VALUE

At 31 March 2025

9,258

13,772

1,702

24,732

At 31 March 2024

10,977

20,164

766

31,907

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

2,087

28,601

Other debtors

82,213

82,213

Directors' current accounts

84,339

4,806

Prepayments and accrued income

993

-

169,632

115,620

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

5,456

5,456

Hire purchase contracts

6,205

6,205

Trade creditors

13,539

35,796

Tax

9,326

-

Social security and other taxes

356

1,383

VAT

17,423

12,428

Other creditors

19,577

5,307

Accruals and deferred income

4,000

4,000

Accrued expenses

14,100

-

89,982

70,575

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

5,456

5,456

Bank loans - 2-5 years

21,447

21,823

Bank loans more 5 yr by instal

-

5,706

Hire purchase contracts

7,638

13,843

34,541

46,828

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

5,706

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

Retained

earnings

£

At 1 April 2024

118,743

Profit for the year

31,476

Dividends

(23,400

)

At 31 March 2025

126,819

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £28,000 (2023 - £8,000) were paid to Ms C A Fowler, director.

Ms C A Fowler, is also a director of Banchory Lodge Hotel Limited and holds 23% of the issued ordinary share capital in the company. Included in other debtors is a balance due from Banchory Lodge Hotel Limited of £24,547 (2023 - £24,547).

Ms C A Fowler is also a partner in the firm of Cobbleheugh Properties. Included in other debtors is a balance due from Cobbleheugh Properties of £57,666 (2023 - £57,,666).