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Primavera Properties (UK) Ltd
Unaudited Financial Statements
for the year ended 31 March 2026
Company registration number 04627898
(England and Wales)

# Company Information

For the year ended 31 March 2026

Director | Alexander James Oddie

Registered office | 229 South Park Road
| London
| SW19 8RY

Registered number | 04627898

Accountant | Blue Lias Accounting Limited
| Walker House
| Market Place
| Somerton
| Somerset
| TA11 7LX

# Statement of Financial Position

As at 31 March 2026

| Notes |
2026
2025
£
£
£
£
Fixed assets
Tangible assets
| 4 |
3,578,889
3,601,044
3,578,889
3,601,044
Current assets
Debtors
| 5 |
1,792
1,704
Cash at bank and in hand
| 6 |
361,755
2,489
363,547
4,193
Creditors
Amounts falling due within one year
| 7 |
(25,064)
(34,525)
(25,064)
(34,525)
Net current assets (liabilities)
338,483
(30,332)
Total assets less current liabilities
3,917,372
3,570,712
Creditors
Amounts falling due after one year
| 8 |
(1,969,237)
(1,563,916)
(1,969,237)
(1,563,916)
Provisions for liabilities
| 9 |
739
(4,948)
Net assets (liabilities)
1,948,874
2,001,848
Capital and reserves
Called up share capital
69
69
Revaluation reserve
1,882,514
1,882,514
Other reserves
315
315
Profit and loss account
65,976
118,950
Total equity
1,948,874
2,001,848

The company is a private company limited by shares and registered in England and Wales. It 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company's profit and loss account under section 444 (5A) of the Companies Act 2006.

The financial statements were approved and authorised for issue by the director on 11 August 2026 and are signed on its behalf by:

Alexander James Oddie Alexander James Oddie Director |

Company registration number 04627898

# Notes to the Financial Statements

For the year ended 31 March 2026

### 1. Statutory information

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

The financial statements are presented in sterling and this is the functional currency of the company.

### 2. Accounting policies

### 2.1. Basis of preparation

The financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

The financial statements have been prepared under the historical cost convention in accordance with the Companies Act 2006.

### 2.2. Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

### 2.3. 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.

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue 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.

### 2.4. Pensions

### Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

### 2.5. Borrowing costs

Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale.

Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

### 2.6. Interest receivable

Interest income is recognised using the effective interest rate method.

### 2.7. Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

### 2.8. Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Rate
Method
%
Plant and machinery
15
Reducing balance
Motor vehicles
25
Reducing balance

### 2.9. Related parties

A related party is a person or entity that is related to the company. This includes individuals with control or significant influence, members of key management personnel, and entities within the same group. All transactions with related parties are disclosed in the notes to the financial statements. Disclosure includes the nature of the related party relationship, the amount of the transactions, and any outstanding balances and commitments at the reporting date. As permitted by FRS 102, disclosure is not required of transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

### 3. Employees

The average number of employees during the year was 1 (2025: 1).

### 4. Tangible fixed assets

Land and buildings
Plant and machinery
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2025
3,575,000
48,810
65,928
3,689,738
Additions
-
1,398
-
1,398
Disposals
-
(534)
(65,928)
(66,462)
At 31 March 2026
3,575,000
49,674
-
3,624,674
Depreciation and impairment
At 1 April 2025
-
45,395
43,299
88,694
Charge for the period
-
687
-
687
Disposals
-
(297)
(43,299)
(43,596)
At 31 March 2026
-
45,785
-
45,785
Net book value
At 31 March 2026
3,575,000
3,889
-
3,578,889
At 31 March 2025
3,575,000
3,415
22,629
3,601,044

### 5. Debtors

2026
2025
£
£
Prepayments and accrued income
1,792
1,704
Total due within one year
1,792
1,704
Total due after one year
-
-
Total
1,792
1,704

### 6. Cash at bank and in hand

2026
2025
£
£
Cash at bank
361,755
2,489
Total
361,755
2,489

### 7. Creditors due within one year

2026
2025
£
£
Other creditors
18,373
7,933
Taxation and social security
4,740
24,859
Accruals and deferred income
1,951
1,733
Total
25,064
34,525

### 8. Creditors due after one year

2026
2025
£
£
Bank loans and overdrafts
1,969,237
1,563,916
Total
1,969,237
1,563,916

### 9. Provisions for liabilities

2026
2025
£
£
Deferred tax
(739)
4,948
Total
(739)
4,948