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Registered number: 01427804
Prema Properties Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
BBK Partnership
1 Beauchamp Court, 10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01427804
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 68 68
Investment Properties 5 8,480,000 8,480,000
Investments 6 600,000 600,000
9,080,068 9,080,068
CURRENT ASSETS
Debtors 7 745,937 685,693
Cash at bank and in hand 336,144 500,523
1,082,081 1,186,216
Creditors: Amounts Falling Due Within One Year 8 (171,287 ) (227,732 )
NET CURRENT ASSETS (LIABILITIES) 910,794 958,484
TOTAL ASSETS LESS CURRENT LIABILITIES 9,990,862 10,038,552
PROVISIONS FOR LIABILITIES
Deferred Taxation (965,796 ) (965,796 )
NET ASSETS 9,025,066 9,072,756
CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 4,117,340 4,117,340
Profit and Loss Account 4,907,724 4,955,414
SHAREHOLDERS' FUNDS 9,025,066 9,072,756
Page 1
Page 2
For the year ending 31 July 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
Mr Bennett Moss
Director
31/07/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Prema Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01427804 . The registered office is 2 Churchills Mews, Woodford Green, Essex, IG8 9DP.
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 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on reducing balance
2.4. 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.
2.5. Investments
Page 3
Page 4
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 August 2024 7,477
As at 31 July 2025 7,477
Depreciation
As at 1 August 2024 7,409
As at 31 July 2025 7,409
Net Book Value
As at 31 July 2025 68
As at 1 August 2024 68
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5. Investment Property
2025
£
Fair Value
As at 1 August 2024 and 31 July 2025 8,480,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 3,396,865 3,396,865
6. Investments
Unlisted
£
Cost or Valuation
As at 1 August 2024 600,000
As at 31 July 2025 600,000
Provision
As at 1 August 2024 -
As at 31 July 2025 -
Net Book Value
As at 31 July 2025 600,000
As at 1 August 2024 600,000
7. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 67,853 7,609
Amounts owed by other participating interests 678,084 678,084
745,937 685,693
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Page 6
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 19,875 19,875
Corporation tax 82,330 149,257
Rent deposit 50,740 50,740
Accruals and deferred income 15,719 7,860
Directors' loan accounts 2,623 -
171,287 227,732
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 August 2024 965,796 965,796
Balance at 31 July 2025 965,796 965,796
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
11. Dividends
Page 6