Prem Apart Nottingham Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12603366

Prem Apart Nottingham Ltd

Filleted Financial Statements

31 December 2025

Prem Apart Nottingham Ltd

Statement of Financial Position

31 December 2025

	2025	2024
		(restated)
Note	£	£

Fixed assets

Tangible assets	5	19,710	29,516

Current assets

Debtors	6	141,557	140,337
Cash at bank and in hand		98,523	254,245
		---------	---------
		240,080	394,582

Creditors: amounts falling due within one year	7	317,350	481,205
		---------	---------
Net current liabilities		77,270	86,623
		--------	--------
Total assets less current liabilities		( 57,560)	( 57,107)
		--------	--------
Net liabilities		( 57,560)	( 57,107)
		--------	--------

Capital and reserves

Called up share capital	9	100	100
Profit and loss account		( 57,660)	( 57,207)
		--------	--------
Shareholders deficit		( 57,560)	( 57,107)
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 9 September 2026 , and are signed on behalf of the board by:

Mr J Murphy	Mr S Loftus
Director	Director

Company registration number: 12603366

Prem Apart Nottingham Ltd

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The principal place of business is Thornton House, Thornton Street, Newcastle upon Tyne, NE1 4AT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements are prepared on the going concern basis, under the historical cost convention, and comply with the financial reporting standards of the Financial Reporting Council and the Companies Act 2006. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of these financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant effect on amounts recognised in the financial statements are discussed below: Estimate of useful life for fixed assets: Fixed assets consist of fixtures, fittings and equipment. The annual depreciation charge depends primarily on the estimated lives of each type of asset and, in certain circumstances, estimates of fair values and residual values. The directors annually review the asset lives and adjust them as necessary to reflect current thinking on remaining lives in light of technological change, prospective economic utilisation and physical condition of the assets concerned. Changes in asset lives can have significant impact on depreciation charges for the period. Detail of the useful lives is included in the accounting policies.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying a group fixed exchange rate at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	10% straight line
Equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Debtors

Trade and other debtors including amounts owed by group companies are recognised initially at transaction price. A provision for impairment is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of receivables.

Cash and cash equivalents

Cash and equivalents include cash on hand and demand deposits. Bank overdrafts are shown within borrowings in current liabilities on the statement of financial position.

Trade creditors and accruals

Creditors and accruals are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at the transition price and subsequently at amortised cost.

Share capital

Ordinary shares are classified as equity.

Defined contribution plans

The company operates a defined contribution pension scheme for employees. Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. The assets of the scheme are held separately from those of the company.

Employee benefits

The company provides a range of benefits to employees, including paid holiday arrangements and annual bonus arrangements.

Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received. The company recognises a provision and an expense for bonuses where the company has a legal or constructive obligation as a result of past events and a reliable estimate can be made.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 January 2025 (as restated)	48,315	782	49,097
Additions	–	986	986
	--------	-------	--------
At 31 December 2025	48,315	1,768	50,083
	--------	-------	--------
Depreciation
At 1 January 2025	18,872	709	19,581
Charge for the year	10,538	254	10,792
	--------	-------	--------
At 31 December 2025	29,410	963	30,373
	--------	-------	--------
Carrying amount
At 31 December 2025	18,905	805	19,710
	--------	-------	--------
At 31 December 2024	29,443	73	29,516
	--------	-------	--------

6. Debtors

	2025	2024
		(restated)
	£	£
Trade debtors	5,675	32,142
Amounts owed by group undertakings and undertakings in which the company has a participating interest	94,968	74,533
Other debtors	40,914	33,662
	---------	---------
	141,557	140,337
	---------	---------

Amounts owed by group companies are unsecured, interest free and repayable on demand.

7. Creditors: amounts falling due within one year

	2025	2024
		(restated)
	£	£
Trade creditors	89,274	65,322
Amounts owed to group undertakings and undertakings in which the company has a participating interest	18,920	18,921
Social security and other taxes	35,175	21,837
Other creditors	173,981	375,125
	---------	---------
	317,350	481,205
	---------	---------

Amounts owed to group companies are unsecured, interest free and repayable on demand.

8. Prior period errors

During the year the company identified an error in the rent charged in prior periods. The comparative figures have been restated to correct this error. The effect of the correction is as follows:

		Amount (£)
	Increase in other creditors	91,650
	Decrease in retained earnings at the end of the comparative period	91,650

9. Called up share capital

Issued, called up and fully paid

	2025		2024
			(restated)
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

10. Charges on assets

On 21 September 2020 the company created a fixed and floating charge over all the property or undertaking of the company in favour of HSBC UK Bank Plc in relation to a loan and charge card facility advanced to Windshear Ltd, the parent of the company.

11. Summary audit opinion

The auditor's report dated 9 September 2026 was unqualified .

The senior statutory auditor was Ms Kate Crossan , for and on behalf of Lenfestey & Co .

12. Related party transactions

The company has taken advantage of the exemption under FRS 102 in relation to disclosure of related party transactions with subsidiary companies within the group.

13. Ethical standards

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

14. Controlling party

The company is a wholly owned subsidiary of Windshear Ltd . The company's ultimate parent undertaking is FRO III Cedar Holdings LP , a Cayman Islands Limited Partnership with a registered office at Maples Corporate Services Limited, P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands. The parent of the smallest group in which the results are consolidated is Arago Investments Ltd , a company registered in Ireland with a registered office address at 23 Lower Baggot Street, Dublin 2, D02K009, Ireland .