| PRIMROSE TERRACE LTD (formerly PARKVIEW DULWICH LIMITED) |
| Registered number: |
15872846 |
| Balance Sheet |
| as at 31 August 2025 |
|
| Notes |
|
|
2025 |
|
| £ |
|
| Current assets |
| Stocks |
|
|
4,460,732 |
| Debtors |
4 |
|
3,337 |
| Cash at bank and in hand |
|
|
201 |
|
|
|
4,464,270 |
|
|
|
|
| Net current assets |
|
|
|
4,464,270 |
|
|
| Total assets less current liabilities |
|
|
|
4,464,270 |
|
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(4,466,681) |
|
|
|
| Net liabilities |
|
|
|
(2,411) |
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
| Profit and loss account |
|
|
|
(2,412) |
|
| Shareholders' funds |
|
|
|
(2,411) |
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their 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. |
|
|
|
|
| Ting Kai WANG |
| Director |
| Approved by the board on 28 May 2026 |
|
| PRIMROSE TERRACE LTD (formerly PARKVIEW DULWICH LIMITED) |
| Notes to the Accounts |
| for the period from 2 August 2024 to 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 received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
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. |
|
|
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. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
|
| 2 |
Stock |
|
Stock represents work in progress related to the company’s property development activities. It comprises direct costs incurred on the acquisition, planning, and development of land and buildings intended for resale upon completion. These costs include land purchases, legal and professional fees, planning and design expenses, and construction-related outlays that are directly attributable to each development project. As at the balance sheet date, the total stock comprises the following: |
|
|
|
|
|
|
2025 |
|
| £ |
|
|
Project Description |
|
Building development Project -Belsize Square |
4,460,732.00 |
|
|
|
Total Stock |
4,460,732 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Employees |
2025 |
|
| Number |
|
|
|
Average number of persons employed by the company |
0 |
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2025 |
|
| £ |
|
|
|
Other debtors |
3,337 |
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2025 |
|
| £ |
|
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
4,466,681 |
|
|
|
|
|
|
|
|
| 6 |
Going concern |
|
The financial statements have been prepared on a going concern basis, which the directors consider to be appropriate after reviewing the company’s forecasts and projections and taking into account reasonably possible changes in trading performance, cash flows and funding for a period of at least twelve months from the date of approval of these financial statements. |
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
PRIMROSE TERRACE LTD (formerly PARKVIEW DULWICH LIMITED), a special resolution to change the name of the company was passed on 1 March 2025 and the certificate of incorporation on change of name was issued on 13 May 2025. |
|
|
PRIMROSE TERRACE LTD (formerly PARKVIEW DULWICH LIMITED) is a private company limited by shares and incorporated in England. Its registered office is: |
|
30 Churchill Place |
|
London |
|
United Kingdom |
|
E14 5RE |