| Premierline Management Limited |
| Registered number: |
02968558 |
| Balance Sheet |
| as at 31 December 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,374 |
|
|
1,617 |
| Investments |
4 |
|
|
250,335 |
|
|
197,922 |
|
|
|
|
251,709 |
|
|
199,539 |
|
| Current assets |
| Debtors |
5 |
|
374 |
|
|
14,207 |
| Cash at bank and in hand |
|
|
13,746 |
|
|
4,918 |
|
|
|
14,120 |
|
|
19,125 |
|
| Creditors: amounts falling due within one year |
7 |
|
(162,272) |
|
|
(172,503) |
|
| Net current liabilities |
|
|
|
(148,152) |
|
|
(153,378) |
|
| Total assets less current liabilities |
|
|
|
103,557 |
|
|
46,161 |
|
| Creditors: amounts falling due after more than one year |
8 |
|
|
- |
|
|
(1,165) |
|
| Provisions for liabilities |
|
|
|
(10,199) |
|
|
(2,631) |
|
| Net assets |
|
|
|
93,358 |
|
|
42,365 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
10 |
|
|
10 |
| Profit and loss account |
|
|
|
93,348 |
|
|
42,355 |
|
| Shareholders' funds |
|
|
|
93,358 |
|
|
42,365 |
|
|
|
|
|
|
|
|
| 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 members have 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 R Budden |
| Director |
| Approved by the board on 2 June 2026 |
|
| Premierline Management Limited |
| Notes to the Accounts |
| for the year ended 31 December 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). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £. |
|
|
Turnover |
|
The company has no turnover as its income is derived from rental income receivable during the year. |
|
|
Investment properties |
|
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 4 years |
|
Fixtures, fittings, tools and equipment |
15% reducing balance |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors/creditors |
|
Debtors and creditors with no stated interest rate and receivable/payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses. |
|
|
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 |
4 |
|
4 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 January 2025 |
8,400 |
|
At 31 December 2025 |
8,400 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2025 |
6,783 |
|
Charge for the year |
243 |
|
At 31 December 2025 |
7,026 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2025 |
1,374 |
|
At 31 December 2024 |
1,617 |
|
|
| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 January 2025 |
197,922 |
|
Additions |
497 |
|
Revaluation |
52,077 |
|
Disposals |
(161) |
|
|
At 31 December 2025 |
250,335 |
|
|
Investment properties are carried at fair value with gains/losses recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investment properties' fair value could be measured reliably without undue cost or effort. At the year end the Director, Mr R Budden, has assessed the fair value of properties and this is reflected in the cumulative carring amount. |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
374 |
|
14,207 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Investments held as current assets |
2025 |
|
2024 |
| £ |
£ |
|
|
Increase/(decrease) in fair value included in the profit and loss account for the financial year |
|
Listed investments |
7,077 |
|
708 |
|
Unlisted investments |
45,000 |
|
11,658 |
|
|
|
|
|
|
52,077 |
|
12,366 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
1,042 |
|
1,273 |
|
Trade creditors |
215 |
|
90 |
|
Taxation and social security costs |
1,385 |
|
1,168 |
|
Other creditors |
159,630 |
|
169,972 |
|
|
|
|
|
|
162,272 |
|
172,503 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
- |
|
1,165 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Loans to/ (from) directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
|
Director |
5,867 |
|
- |
|
(5,867) |
|
- |
|
Interest free, repayable on demand |
|
|
5,867 |
|
- |
|
(5,867) |
|
- |
|
|
|
|
|
|
|
|
|
|
| 10 |
Related party transactions |
|
|
In the year, there were intercompany loans (from)/ to the following related close companies controlled by the director: |
|
|
|
|
|
|
|
2025 |
|
2024 |
| £ |
£ |
|
|
Phoenix Exeter Limited |
|
|
|
|
(155,817) |
|
(165,817) |
|
|
|
|
|
|
|
(155,817) |
|
(165,817) |
|
|
|
|
|
|
|
|
|
|
| 11 |
Other information |
|
|
Premierline Management Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
|
1 Sandpiper Court |
|
Harrington Lane |
|
Exeter |
|
Devon |
|
EX4 8NS |