1 October 2024 false Taxfiler 2024.6 true 15931950business:PrivateLimitedCompanyLtd2024-10-012025-09-30 159319502024-09-30 159319502024-10-012025-09-30 15931950business:AuditExemptWithAccountantsReport2024-10-012025-09-30 15931950business:FilletedAccounts2024-10-012025-09-30 159319502025-09-30 15931950business:Director12024-10-012025-09-30 15931950business:RegisteredOffice2024-10-012025-09-30 15931950core:WithinOneYear2025-09-30 15931950core:AfterOneYear2025-09-30 15931950core:ShareCapitalcore:PreviouslyStatedAmount2025-09-30 15931950core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-09-30 15931950core:PreviouslyStatedAmount2025-09-30 15931950business:SmallEntities2024-10-012025-09-30 15931950countries:EnglandWales2024-10-012025-09-30 15931950business:OrdinaryShareClass12024-10-012025-09-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 15931950 (England and Wales)
Primax Properties Ltd Filleted Accounts for the year ended 30 September 2025
Primax Properties Ltd Filleted Accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Primax Properties Ltd Company Information for the year ended 30 September 2025
Director
Lun Wai Lam
Company Number
15931950 (England and Wales)
Registered Office
Hawthorne House 17a Hawthorne Drive Leicester LE5 6DL England
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
- 3 -
Primax Properties Ltd Statement of financial position as at 30 September 2025
2025 
Notes
£ 
Fixed assets
Investment property
4
370,300 
Current assets
Cash at bank and in hand
1,772 
Creditors: amounts falling due within one year
5
(780)
Net current assets
992 
Total assets less current liabilities
371,292 
Creditors: amounts falling due after more than one year
6
(404,921)
Net liabilities
(33,629)
Capital and reserves
Called up share capital
7
1 
Profit and loss account
(33,630)
Shareholders' funds
(33,629)
For the year ending 30 September 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 June 2026 and were signed on its behalf by
Lun Wai Lam Director Company Registration No. 15931950
- 4 -
Primax Properties Ltd Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
Primax Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 15931950. The registered office is Hawthorne House, 17a Hawthorne Drive, Leicester, LE5 6DL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Going concern
The financial statements have been prepared on a going concern basis. Although the company’s net assets are negative, the directors consider it appropriate as the company is expected to meet its liabilities as they fall due.
4
Investment property
2025 
£ 
Additions
370,300 
At 30 September 2025
370,300 
- 5 -
Primax Properties Ltd Notes to the Accounts for the year ended 30 September 2025
5
Creditors: amounts falling due within one year
2025 
£ 
Accruals
780 
6
Creditors: amounts falling due after more than one year
2025 
£ 
Bank loans
268,882 
Loans from directors
136,039 
404,921 
7
Share capital
2025 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
8
Average number of employees
During the year the average number of employees was 1.
- 6 -