REGISTERED NUMBER: 05110599 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2024 TO 28 APRIL 2025

FOR

PRIMEBRIDGE LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs J Reiss

SECRETARY:

Y Reiss

REGISTERED OFFICE:

57 Moundfield Road

London

N16 6TD

REGISTERED NUMBER:

05110599 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

337

396

Investment property

5

365,000

365,000

365,337

365,396

CURRENT ASSETS

Debtors

6

121,028

49,546

Cash at bank

1,747

5

122,775

49,551

CREDITORS

Amounts falling due within one year

7

(6,511

)

(5,731

)

NET CURRENT ASSETS

116,264

43,820

TOTAL ASSETS LESS CURRENT LIABILITIES

481,601

409,216

CREDITORS

Amounts falling due after more than one year

8

(298,535

)

(201,005

)

PROVISIONS FOR LIABILITIES

(38,664

)

(38,664

)

NET ASSETS

144,402

169,547

CAPITAL AND RESERVES

Called up share capital

10

1

1

Revaluation reserve

11

63,580

63,580

Fair value reserve

11

125,000

125,000

Retained earnings

11

(44,179

)

(19,034

)

SHAREHOLDERS' FUNDS

144,402

169,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 June 2026 and were signed by:

Mrs J Reiss - Director

1.	STATUTORY INFORMATION

Primebridge Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2024

and 28 April 2025

5,191

DEPRECIATION

At 1 May 2024

4,795

Charge for period

59

At 28 April 2025

4,854

NET BOOK VALUE

At 28 April 2025

337

At 30 April 2024

396

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 28 April 2025

365,000

NET BOOK VALUE

At 28 April 2025

365,000

At 30 April 2024

365,000

Fair value at 28 April 2025 is represented by:

£

Valuation in 2015

23,493

Valuation in 2018

40,000

Valuation in 2020

15,000

Valuation in 2024

125,000

Cost

161,507

365,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.4.25

30.4.24

£

£

Trade debtors

74

-

Other debtors

120,954

49,546

121,028

49,546

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.4.25

30.4.24

£

£

Directors' current accounts

3,391

3,391

Accrued expenses

3,120

2,340

6,511

5,731

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.4.25

30.4.24

£

£

Bank loans more 5 yrs non-inst

295,825

195,794

Other loans - 2-5 years

2,710

5,211

298,535

201,005

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

295,825

195,794

9.	SECURED DEBTS

The following secured debts are included within creditors:

28.4.25

30.4.24

£

£

Bank loans

295,825

195,794

1. The mortgage is secured by a first charge over the company's investment properties and bear interest at fixed rates.

2. Under the bank loan, £2,546 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.4.25

30.4.24

value:

£

£

1

Ordinary

£1

1

1

11.

RESERVES

Fair

Retained

Revaluation

value

earnings

reserve

reserve

Totals

£

£

£

£

At 1 May 2024

(19,034

)

63,580

125,000

169,546

Deficit for the period

(25,145

)

(25,145

)

At 28 April 2025

(44,179

)

63,580

125,000

144,401

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs J Reiss.