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Company Registration No. SC757073 (Scotland)
Prime Property Holdings 1 Ltd Unaudited accounts for the year ended 31 January 2026
Prime Property Holdings 1 Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Prime Property Holdings 1 Ltd Company Information for the year ended 31 January 2026
Director
Derek Gillan
Company Number
SC757073 (Scotland)
Registered Office
1 Campbell Lane Hamilton Lanarkshire ML3 6DB Scotland
Accountants
KHS Accounting Ltd 1 Campbell Lane Hamilton South Lanarkshire ML3 6DB
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Prime Property Holdings 1 Ltd Statement of financial position as at 31 January 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
80,048
80,048
Current assets
Cash at bank and in hand
15,165
17,549
Creditors: amounts falling due within one year
5
(58,441)
(56,695)
Net current liabilities
(43,276)
(39,146)
Total assets less current liabilities
36,772
40,902
Creditors: amounts falling due after more than one year
6
(32,783)
(33,943)
Net assets
3,989
6,959
Capital and reserves
Called up share capital
100
100
Revaluation reserve
25,000
25,000
Profit and loss account
(21,111)
(18,141)
Shareholders' funds
3,989
6,959
For the year ending 31 January 2026 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 April 2026 and were signed on its behalf by
Derek Gillan Director Company Registration No. SC757073
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Prime Property Holdings 1 Ltd Notes to the Accounts for the year ended 31 January 2026
1
Statutory information
Prime Property Holdings 1 Ltd is a private company, limited by shares, registered in Scotland, registration number SC757073. The registered office is 1 Campbell Lane, Hamilton, Lanarkshire, ML3 6DB, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 January 2026 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2024. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
50 years
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 February 2025
80,048
At 31 January 2026
80,048
Depreciation
At 31 January 2026
-
Net book value
At 31 January 2026
80,048
At 31 January 2025
80,048
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Prime Property Holdings 1 Ltd Notes to the Accounts for the year ended 31 January 2026
5
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
57,961
56,225
Accruals
480
470
58,441
56,695
6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Loans from directors
32,783
33,943
7
Average number of employees
During the year the average number of employees was 0 (2025: 0).
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