Prime Asset Holdings Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 10092470

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		41,465,107		42,891,193
Investments	5		1,008		1,008

			41,466,115		42,892,201
CURRENT ASSETS
Debtors	6	4,129,461		3,152,374
Investments	7	2,712,778		3,219,527
Cash at bank and in hand		965,481		379,835

		7,807,720		6,751,736
Creditors: Amounts Falling Due Within One Year	8	(24,690 )		(148,264 )

NET CURRENT ASSETS (LIABILITIES)			7,783,030		6,603,472

TOTAL ASSETS LESS CURRENT LIABILITIES			49,249,145		49,495,673

Creditors: Amounts Falling Due After More Than One Year	9		(24,501,557 )		(24,242,612 )

NET ASSETS			24,747,588		25,253,061

CAPITAL AND RESERVES
Called up share capital	11		1,000		1,000
Share premium account			20,601,009		20,601,009
Other reserves			3,368,867		3,368,867
Profit and Loss Account			776,712		1,282,185

SHAREHOLDERS' FUNDS			24,747,588		25,253,061

Page 1

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Prime Asset Holdings Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Mohamed Sajid Ali

Director

30/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Prime Asset Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10092470 . The registered office is 16 Upper Tooting Road, London, SW17 7PG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover represents rent received from tenanted properties held as long-term investments.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 10)

4. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	42,891,193
Disposals	(1,426,086 )

As at 31 March 2025	41,465,107

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 April 2024	1,008

As at 31 March 2025	1,008

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	1,008

As at 1 April 2024	1,008

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Prime Asset Holdings Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	4,124,302	3,152,374
Net wages	5,159	-

	4,129,461	3,152,374

7. Current Asset Investments

	2025	2024
	£	£
Unlisted investments	2,712,778	3,219,527

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	(10,576 )	69,081
Other taxes and social security	16,610	13,459
Net wages	-	3,579
Other creditors	4	2
Accruals and deferred income	7,400	6,401
Directors' loan accounts	11,252	55,742

	24,690	148,264

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	23,011,319	22,752,374
Directors loan account	1,490,238	1,490,238

	24,501,557	24,242,612

10. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured.

The loans are secured by means of legal charges over the company's properties.

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

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