Prime Property Partnership Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 11070963

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		3,394,932		4,044,932
Investments	5		691,651		2,147,224

			4,086,583		6,192,156
CURRENT ASSETS
Debtors	6	121,133		3,015
Cash at bank and in hand		12,387		14,034

		133,520		17,049
Creditors: Amounts Falling Due Within One Year	7	(1,026,021 )		(1,224,918 )

NET CURRENT ASSETS (LIABILITIES)			(892,501 )		(1,207,869 )

TOTAL ASSETS LESS CURRENT LIABILITIES			3,194,082		4,984,287

Creditors: Amounts Falling Due After More Than One Year	8		(1,925,153 )		(2,254,885 )

NET ASSETS			1,268,929		2,729,402

CAPITAL AND RESERVES
Called up share capital	10		102		102
Share premium account			2,665,567		2,665,567
Profit and Loss Account			(1,396,740 )		63,733

SHAREHOLDERS' FUNDS			1,268,929		2,729,402

Page 1

Page 2

Prime Property Partnership Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

M A Sheikh

Director

30th July 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Prime Property Partnership Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11070963 . The registered office is 242 Milby Drive, Nuneaton, Warwickshire, CV11 6UH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises of rental income from tenants of the company's investment properties. Rental income is recognised on an accruals basis in the period in which it is earned, in accordance with the terms of the lease.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Investment Property

	2025
	£
Fair Value
As at 1 November 2024	4,044,932
Disposals	(650,000 )

As at 31 October 2025	3,394,932

5. Investments

	Other
	£
Cost or Valuation
As at 1 November 2024	2,147,224
Additions	352,316
Disposals	(695,389 )

As at 31 October 2025	1,804,151

Provision
As at 1 November 2024	-
Impairment losses	1,112,500

As at 31 October 2025	1,112,500

Net Book Value
As at 31 October 2025	691,651

As at 1 November 2024	2,147,224

Page 3

Page 4

Prime Property Partnership Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	121,133	3,015

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	108	766
Other loans	335,000	270,000
Corporation tax	-	7,806
Other taxes and social security	116	120
Other creditors	3,760	6,043
Accruals and deferred income	2,400	5,520
Directors' loan accounts	684,637	934,663

	1,026,021	1,224,918

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,925,153	2,254,885

9. Secured Creditors

Of the creditors the following amounts are secured. The debt is secured against all the investment properties of the company.

	2025		2024
	£		£
Bank loans and overdrafts	1,925,153		2,254,885

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	102	102

11. Directors Advances, Credits and Guarantees

Included within creditors are loans from the directors of £684,637 (2024: £934,663)

These loans are unsecured, interest free and repayable on demand.