Prime Dev Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 14216512 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st July 2026

for

Prime Dev Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr Paul Thomas Keelan

Mrs Roxanne June Keelan

REGISTERED OFFICE:

128 City Road

London

EC1V 2NX

REGISTERED NUMBER:

14216512 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

CURRENT ASSETS

Debtors

4

-

557

Investments

5

92,650

85,000

Cash at bank

6

417

1,199

93,067

86,756

CREDITORS

Amounts falling due within one year

7

88,105

85,893

NET CURRENT ASSETS

4,962

863

TOTAL ASSETS LESS CURRENT LIABILITIES

4,962

863

CAPITAL AND RESERVES

Called up share capital

10

1

Retained earnings

11

4,961

862

SHAREHOLDERS' FUNDS

4,962

863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 1st October 2026 and were signed on its behalf by:

Mr Paul Thomas Keelan - Director

1.	STATUTORY INFORMATION

Prime Dev 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.

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.

The financial statements are presented in Pounds Sterling (£), which is the Company's functional and presentation currency.

Critical accounting judgements and key sources of estimation uncertainty

The directors consider that there are no critical judgements or key sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

All turnover is derived from customers based in the United Kingdom.

Financial instruments

The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments'.

Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets: Short-term debtors are measured at transaction price, less any impairment. Loans receivable are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method, less any impairment.

Basic financial liabilities: Short-term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method.

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.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the Company's financial position and are satisfied that, along with their ongoing support, it has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.26

31.7.25

as restated

£

Tax

-

557

5.	CURRENT ASSET INVESTMENTS

31.7.26

31.7.25

as restated

£

Unlisted investments

92,650

85,000

The company has advanced funds towards property development projects undertaken by third parties. The funds are used towards the acquisition and development of properties, with the company entitled to repayment of the amounts advanced together with a pre-agreed return on completion of the respective projects.

6.	CASH AT BANK

Cash and cash equivalents consist solely of balances held in the Company's bank current account. The Company does not hold any short-term investments and does not operate an overdraft facility.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.26

31.7.25

as restated

£

Tax

1,079

-

Other creditors

-

113

Directors' current accounts

85,635

84,454

Accrued expenses

1,391

1,326

88,105

85,893

8.	LEASING AGREEMENTS

The Company had no material commitments under non-cancellable operating leases at the balance sheet date.

9.	SECURED DEBTS

The Company had no secured liabilities at the balance sheet date.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.26

31.7.25

value:

as restated

£

1

Ordinary

£1

1

11.

RESERVES

Retained

earnings

£

At 1st August 2025

862

Profit for the year

4,599

Dividends

(500

)

At 31st July 2026

4,961

12.	CONTINGENT LIABILITIES

The Company had no contingent liabilities at the balance sheet date.

13.	RELATED PARTY DISCLOSURES

During the year, the company entered into the following transactions with related parties:

Director’s loan account: At the year end, the company owed £85,635 (2025: £84,454) to the directors. The balance is unsecured, interest-free and repayable on demand.

14.	POST BALANCE SHEET EVENTS

There have been no material events after the balance sheet date requiring disclosure in these financial statements.

15.	ULTIMATE CONTROLLING PARTY

The Company's ultimate controlling party is Mr Paul Keelan.