Prime Properties & Investments Limited
Unaudited Financial Statements
For the year ended 30 September 2025
Pages for Filing with Registrar
Company Registration No. 07785796 (England and Wales)
Prime Properties & Investments Limited
Contents
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
Prime Properties & Investments Limited
Balance Sheet
As at 30 September 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
102
257
Investment property
5
390,000
780,000
Investments
6
125,504
161,219
515,606
941,476
Current assets
Cash at bank and in hand
25,322
5,535
Creditors: amounts falling due within one year
7
(16,285)
(350,796)
Net current assets/(liabilities)
9,037
(345,261)
Total assets less current liabilities
524,643
596,215
Provisions for liabilities
8
(25,784)
(51,569)
Net assets
498,859
544,646
Capital and reserves
Called up share capital
400,000
400,000
Revaluation reserve
132,539
265,079
Profit and loss reserves
(33,680)
(120,433)
Total equity
498,859
544,646
Prime Properties & Investments Limited
Balance Sheet (Continued)
As at 30 September 2025
Page 2

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 April 2026 and are signed on its behalf by:
N A Baird
Director
Company Registration No. 07785796
Prime Properties & Investments Limited
Statement of Changes in Equity
For the year ended 30 September 2025
Page 3
Share Capital
Revaluation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 October 2023
400,000
235,079
(140,708)
494,371
Year ended 30 September 2024:
Profit and total comprehensive income for the year
-
-
50,275
50,275
Deferred tax transferred to reserve
-
0
(10,000)
10,000
-
0
Fair value revaluation transferred to reserve
-
40,000
(40,000)
-
Balance at 30 September 2024
400,000
265,079
(120,433)
544,646
Year ended 30 September 2025:
Profit and total comprehensive income for the year
-
-
(45,787)
(45,787)
Fair value revaluation released to retained earnings
-
(132,540)
132,540
-
Balance at 30 September 2025
400,000
132,539
(33,680)
498,859
Prime Properties & Investments Limited
Notes to the Financial Statements
For the year ended 30 September 2025
Page 4
1
Accounting policies
Company information

Prime Properties & Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is Orbital House, 20 Eastern Road, Romford, Essex, RM1 3PJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents dividends, interest and rent receivable from the company's investments. Turnover is attributable to the principle activity of the company which arose wholly in the United Kingdom.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
25% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is measured using the fair value model and stated at its fair value as the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

1.5
Fixed asset investments

Investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred.

Prime Properties & Investments Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2025
1
Accounting policies
(Continued)
Page 5
1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The Company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Prime Properties & Investments Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2025
Page 6
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 1 (2024: 1).

3
Director's remuneration
2025
2024
£
£
Remuneration paid to directors
26,250
35,000
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2024 and 30 September 2025
619
Depreciation and impairment
At 1 October 2024
362
Depreciation charged in the year
155
At 30 September 2025
517
Carrying amount
At 30 September 2025
102
At 30 September 2024
257
5
Investment property
2025
£
Fair value
At 1 October 2024
780,000
Disposals
(390,000)
At 30 September 2025
390,000

Investment property comprises long leasehold flats. The investment properties were valued at the 2024 year end by professional valuators. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The historic cost of the properties is £231,676 (2024: £463,352) following the sale of one of the properties during the financial year.

Prime Properties & Investments Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2025
Page 7
6
Fixed asset investments
2025
2024
£
£
Other investments other than loans
125,504
161,219
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 October 2024
161,219
Change in Market value
(35,715)
At 30 September 2025
125,504
Carrying amount
At 30 September 2025
125,504
At 30 September 2024
161,219
7
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
11,678
-
0
Other taxation and social security
-
0
320
Other creditors
4,607
350,476
16,285
350,796
Other creditors include £1,322 (2024: £347,000) due to a director of the company. The loan is interest free and repayable on demand.
8
Provisions for liabilities
2025
2024
Note
£
£
Deferred tax liabilities
9
25,784
51,569
25,784
51,569
Prime Properties & Investments Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2025
Page 8
9
Deferred taxation

Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Deferred tax
25,784
51,569
2025
Movements in the year:
£
Liability at 1 October 2024
51,569
Credit to profit and loss
(25,785)
Liability at 30 September 2025
25,784
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