Prime Polat Limited - Filleted accounts

Registered number

13572619

Prime Polat Limited

Filleted Accounts

31 August 2025

Prime Polat Limited
Registered number:		13572619
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Investments	3		555,389			550,389

Current assets
Debtors	4	1,450			1,050
Cash at bank and in hand		1,155			1,008
		2,605			2,058

Creditors: amounts falling due within one year	5	(415,127)			(425,764)

Net current liabilities			(412,522)			(423,706)

Total assets less current liabilities			142,867			126,683

Creditors: amounts falling due after more than one year	6		(24,870)			(24,870)



Net assets			117,997			101,813

Capital and reserves
Called up share capital			1			1
Profit and loss account			117,996			101,812

Shareholder's funds			117,997			101,813

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Cavit Polat
Director
Approved by the board on 22 May 2026

Prime Polat Limited
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration for rent receivable, net of discounts and value added taxes. The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

	Investment properties
	Investment properties are those which are held either to earn rental income or for capital appreciation or for both. Investment properties are measured at cost, including related transaction costs. After initial recognition at cost, investment properties are carried at at their fair values based on market value determined by Directors annually. The difference between the fair value of an investment at the reporting date and its carrying amount prior to re-measurement is included in the income statement as a valuation surplus or deficit.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	1		0


3	Investments

Other
investments
£
	Cost
	At 1 September 2024			550,389
	Additions			5,000

	At 31 August 2025			555,389

	The fair value of the investment properties have been arrived at on the basis of a valuation carried out by the director. The director having suitable knowledge and experience considered the above valuation to be a fair reflection of the value of the investment properties as at 31 August 2025.


4	Debtors	2025		2024
£			£

	Other debtors	1,450		1,050


5	Creditors: amounts falling due within one year	2025		2024
£			£

	Trade creditors	180		-
	Taxation and social security costs	2,195		-
	Other creditors	412,752		425,764
		415,127		425,764


6	Creditors: amounts falling due after one year	2025		2024
£			£

	Other creditors	24,870		24,870


7	Other information

	Prime Polat Limited is a private company limited by shares and incorporated in England. Its registered office is:
	311 Regents Park Road
	London
	N3 1DP