REGISTERED NUMBER: 12745757 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Prime Pad Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A P Moyes

REGISTERED OFFICE:

Sparkhouse

Rope Walk

Lincoln

LN6 7DQ

REGISTERED NUMBER:

12745757 (England and Wales)

ACCOUNTANTS:

Mellor Oxland LLP

Hine House

25 Regent Street

Nottingham

Nottinghamshire

NG1 5BS

FIXED ASSETS

Investment property

4

1,052,942

1,052,942

CURRENT ASSETS

Debtors

5

21,965

7,200

Cash at bank

20,239

24,054

42,204

31,254

CREDITORS

Amounts falling due within one year

6

207,219

382,190

NET CURRENT LIABILITIES

(165,015

)

(350,936

)

TOTAL ASSETS LESS CURRENT LIABILITIES

887,927

702,006

CREDITORS

Amounts falling due after more than one year

7

(862,210

)

(687,793

)

PROVISIONS FOR LIABILITIES

(6,374

)

(3,634

)

NET ASSETS

19,343

10,579

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

83,026

85,766

Retained earnings

(63,684

)

(75,188

)

19,343

10,579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 29 July 2026 and were signed by:

A P Moyes - Director

1.	STATUTORY INFORMATION

Prime Pad Property 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.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

and 31 July 2025

1,052,942

NET BOOK VALUE

At 31 July 2025

1,052,942

At 31 July 2024

1,052,942

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the Director of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Fair value at 31 July 2025 is represented by:

£

Valuation in 2023

94,065

Valuation in 2024

(4,664

)

Cost

963,541

1,052,942

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by associates

21,000

7,200

Other debtors

965

-

21,965

7,200

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,720

186,218

Other creditors

200,499

195,972

207,219

382,190

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

807,551

635,310

Other creditors

54,659

52,483

862,210

687,793

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank and other loans

782,351

635,310

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

814,271

821,528

Other loans

35,875

34,719

850,146

856,247

Bank and other loans are secured by way of a legal charge over the investment properties.