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REGISTERED NUMBER: 09263887 (England and Wales)

Financial Statements for the Year Ended 31 October 2025

for

Primelets Properties Ltd

Primelets Properties Ltd (Registered number: 09263887)

Contents of the Financial Statements

for the Year Ended 31 October 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Primelets Properties Ltd

Company Information

for the Year Ended 31 October 2025

| DIRECTORS: | Ms F L Atkinson

| Mrs P L Cunningham

| M J Cunningham

| Mrs L E Korda

| REGISTERED OFFICE: | 14 Tree Tops Court

| Leeds

| West Yorkshire

| LS8 2AH

| REGISTERED NUMBER: | 09263887 (England and Wales)

| ACCOUNTANTS: | Richard Smedley Limited

| Chartered Accountants & Registered Auditors

| Richmond House

| Lawnswood Business Park

| Redvers Close

| Leeds

| West Yorkshire

| LS16 6QY

Primelets Properties Ltd (Registered number: 09263887)

Balance Sheet

31 October 2025

| 31.10.25 | 31.10.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | 8,204 |  |

Investment property | 5 | 2,531,000 |  | 2,595,000 |  |

2,531,000 |  | 2,603,204 |  |

CURRENT ASSETS

Debtors | 6 | 8,141 |  | 3,932 |  |

Cash at bank | 216,451 |  | 130,586 |  |

224,592 |  | 134,518 |  |

CREDITORS

Amounts falling due within one year | 7 | 800,000 |  | 817,828 |  |

NET CURRENT LIABILITIES | (575,408 | ) | (683,310 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,955,592 |  | 1,919,894 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (1,035,688 | ) | (1,036,072 | ) |

PROVISIONS FOR LIABILITIES | (186,843 | ) | (184,751 | ) |

NET ASSETS | 733,061 |  | 699,071 |  |

CAPITAL AND RESERVES

Called up share capital | 200 |  | 200 |  |

Fair value reserve | 10 | 612,019 |  | 600,468 |  |

Retained earnings | 120,842 |  | 98,403 |  |

733,061 |  | 699,071 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Primelets Properties Ltd (Registered number: 09263887)

Balance Sheet - continued

31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2026 and were signed on its behalf by:

Mrs P L Cunningham - Director

Primelets Properties Ltd (Registered number: 09263887)

Notes to the Financial Statements

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| Primelets Properties 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.

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 net rents received.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% on cost

| 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.

| Financial instruments

| Basic financial instruments are recognised at amortised costs. 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 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.

Primelets Properties Ltd (Registered number: 09263887)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 November 2024 | 25,930 |  | 2,359 |  | 28,289 |  |

| Disposals | (25,930 | ) | - |  | (25,930 | ) |

| At 31 October 2025 | - |  | 2,359 |  | 2,359 |  |

| DEPRECIATION

| At 1 November 2024 | 17,726 |  | 2,359 |  | 20,085 |  |

| Eliminated on disposal | (17,726 | ) | - |  | (17,726 | ) |

| At 31 October 2025 | - |  | 2,359 |  | 2,359 |  |

| NET BOOK VALUE

| At 31 October 2025 | - |  | - |  | - |  |

| At 31 October 2024 | 8,204 |  | - |  | 8,204 |  |

Primelets Properties Ltd (Registered number: 09263887)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

4. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 November 2024 | 25,930 |  |

| Disposals | (25,930 | ) |

| At 31 October 2025 | - |  |

| DEPRECIATION

| At 1 November 2024 | 17,726 |  |

| Eliminated on disposal | (17,726 | ) |

| At 31 October 2025 | - |  |

| NET BOOK VALUE

| At 31 October 2025 | - |  |

| At 31 October 2024 | 8,204 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 November 2024 | 2,595,000 |  |

| Disposals | (113,000 | ) |

| Revaluations | 49,000 |  |

| At 31 October 2025 | 2,531,000 |  |

| NET BOOK VALUE

| At 31 October 2025 | 2,531,000 |  |

| At 31 October 2024 | 2,595,000 |  |

| Fair value at 31 October 2025 is represented by:

£ |

| Valuation in 2020 | 145,372 |  |

| Valuation in 2021 | 466,127 |  |

| Valuation in 2022 | 47,538 |  |

| Valuation in 2023 | 24,631 |  |

| Valuation in 2024 | 99,500 |  |

| Valuation in 2025 | 15,694 |  |

| Cost | 1,732,138 |  |

2,531,000 |  |

| The investment properties were valued on an open market basis on 31st October 2025 using Zoopla.

Primelets Properties Ltd (Registered number: 09263887)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

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

| 31.10.25 |  | 31.10.24

£ | £ |

| Trade debtors | 550 |  | 550 |  |

| Other debtors | 7,591 |  | 3,382 |  |

8,141 |  | 3,932 |  |

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

| 31.10.25 |  | 31.10.24

£ | £ |

| Hire purchase contracts | - |  | 10,047 |  |

| Trade creditors | 217 |  | 128 |  |

| Taxation and social security | 7,970 |  | 252 |  |

| Other creditors | 791,813 |  | 807,401 |  |

800,000 |  | 817,828 |  |

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

| 31.10.25 |  | 31.10.24

£ | £ |

| Bank loans | 1,035,688 |  | 1,036,072 |  |

9. | SECURED DEBTS

| Handelsbanken PLC and Svenska Handelsbanken hold several fixed and floating charges over the properties owned by the company.

10. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 November 2024 | 600,468 |  |

| Revaluation | 11,551 |  |

| At 31 October 2025 | 612,019 |  |