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REGISTERED NUMBER: 02715620 (England and Wales)

PRIMEHELM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

PRIMEHELM LIMITED (REGISTERED NUMBER: 02715620)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

PRIMEHELM LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | B D Stroh

| S B Stroh

| SECRETARY: | S B Stroh

| REGISTERED OFFICE: | 357 City Road

| London

| EC1V 1LR

| REGISTERED NUMBER: | 02715620 (England and Wales)

| ACCOUNTANTS: | STERN ASSOCIATES

| Chartered Accountants

| 2 Helenslea Avenue

| London

| NW11 8ND

PRIMEHELM LIMITED (REGISTERED NUMBER: 02715620)

BALANCE SHEET

31 MARCH 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,272 |  | 2,672 |  |

Investment property | 5 | 9,337,949 |  | 9,337,949 |  |

9,340,221 |  | 9,340,621 |  |

CURRENT ASSETS

Debtors | 6 | 465,711 |  | 610,572 |  |

Cash at bank | 316,589 |  | 278,794 |  |

782,300 |  | 889,366 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,512,384 |  | 1,600,821 |  |

NET CURRENT LIABILITIES | (730,084 | ) | (711,455 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 8,610,137 |  | 8,629,166 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 3,842,500 |  | 4,002,500 |  |

NET ASSETS | 4,767,637 |  | 4,626,666 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Capital reserve | 10 | 277,914 |  | 277,914 |  |

Fair value reserve | 10 | 1,322,621 |  | 1,322,621 |  |

Retained earnings | 10 | 3,167,002 |  | 3,026,031 |  |

SHAREHOLDERS' FUNDS | 4,767,637 |  | 4,626,666 |  |

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 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.

PRIMEHELM LIMITED (REGISTERED NUMBER: 02715620)

BALANCE SHEET - continued

31 MARCH 2025

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2026 and were signed on its behalf by:

B D Stroh - Director

PRIMEHELM LIMITED (REGISTERED NUMBER: 02715620)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Primehelm 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 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover represents rent receivable for the year net of value added tax.

| 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 | - | 15% on reducing balance

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

| Financial instruments

| Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 8 (2024 - 8 ) .

PRIMEHELM LIMITED (REGISTERED NUMBER: 02715620)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures

| and

| fittings

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 105,891 |  |

| DEPRECIATION

| At 1 April 2024 | 103,219 |  |

| Charge for year | 400 |  |

| At 31 March 2025 | 103,619 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2,272 |  |

| At 31 March 2024 | 2,672 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024

| and 31 March 2025 | 9,337,949 |  |

| NET BOOK VALUE

| At 31 March 2025 | 9,337,949 |  |

| At 31 March 2024 | 9,337,949 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2025 | 1,322,622 |  |

| Cost | 8,015,327 |  |

9,337,949 |  |

| If the investment properties had not been revalued they would have been included at the following historical cost:

| 31.3.25 |  | 31.3.24

£ | £ |

| Cost | 7,944,327 |  | 7,944,327 |  |

| The investment properties were valued on an open market value basis on 31 March 2025 by the directors .

| A full professional valuation was not carried out.

PRIMEHELM LIMITED (REGISTERED NUMBER: 02715620)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 69,467 |  | 175,476 |  |

| Other debtors | 386,755 |  | 413,766 |  |

| VAT | 9,489 |  | - |  |

| Prepayments and accrued income | - |  | 21,330 |  |

465,711 |  | 610,572 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | 160,000 |  | 160,000 |  |

| Trade creditors | 5,515 |  | 15,665 |  |

| Tax | 103,226 |  | 79,949 |  |

| Social security and other taxes | 1,822 |  | 1,599 |  |

| VAT | - |  | 14,501 |  |

| Other creditors | 922,800 |  | 998,164 |  |

| Directors' loan accounts | - |  | 2 |  |

| Accruals and deferred income | 319,021 |  | 330,941 |  |

1,512,384 |  | 1,600,821 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 3,842,500 |  | 4,002,500 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 4,002,500 |  | 4,162,500 |  |

| The bank loans and overdrafts are secured on the company's investment properties and by a floating charge over the assets of the company.

| Additionally, the directors have each given personal guarantees limited to £25,000.

PRIMEHELM LIMITED (REGISTERED NUMBER: 02715620)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

10. | RESERVES

| Fair |

| Retained |  | Capital |  | value |

| earnings |  | reserve |  | reserve |  | Totals

£ | £ | £ | £ |

| At 1 April 2024 | 3,026,031 |  | 277,914 |  | 1,322,621 |  | 4,626,566 |  |

| Profit for the year | 140,971 |  | - |  | - |  | 140,971 |  |

| At 31 March 2025 | 3,167,002 |  | 277,914 |  | 1,322,621 |  | 4,767,537 |  |

| The Fair value reserve is a non distributable reserve.

11. | CONTINGENT LIABILITIES

| The company is party to an agreement with its bankers entered into by 12 companies, all controlled by the directors. Under the agreement, a joint facility involving cross-guarantees has been arranged by the participating companies.

12. | RELATED PARTY DISCLOSURES

| Included in the accounts are the following transactions with companies controlled by the directors:

|  | 31.3.25 |  | 31.3.24 |  |

| £ |  | £ |  |

| Commission paid |  | 2,120 |  | 2,625 |  |

| Other debtors |  | 386,755 |  | 413,766 |  |

| Other creditors |  | 809,376 |  | 876,876 |  |

| Charitable donations |  | 20,000 |  | 40,000 |  |

13. | ULTIMATE CONTROLLING PARTY

| The company is controlled by Messrs. B. D. and S. B. Stroh and their wives who control the entire issued share capital of the company.