Primetower Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 02938378

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		23,481
Investment Properties	5		92,250		92,250
Investments	6		2		2

			92,252		115,733
CURRENT ASSETS
Stocks	7	2,064,949		2,468,564
Debtors	8	2,592,516		2,465,706
Cash at bank and in hand		212,768		172,911

		4,870,233		5,107,181
Creditors: Amounts Falling Due Within One Year	9	(2,003,787 )		(1,628,128 )

NET CURRENT ASSETS (LIABILITIES)			2,866,446		3,479,053

TOTAL ASSETS LESS CURRENT LIABILITIES			2,958,698		3,594,786

Creditors: Amounts Falling Due After More Than One Year	10		-		(17,645 )

NET ASSETS			2,958,698		3,577,141

CAPITAL AND RESERVES
Called up share capital	13		11,234		11,234
Share premium account			140,676		140,676
Profit and Loss Account			2,806,788		3,425,231

SHAREHOLDERS' FUNDS			2,958,698		3,577,141

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Primetower Properties Limited

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 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 John Yeoman

Director

20/10/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Primetower Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02938378 . The registered office is 1 Park Place, 6 North Road, Poole, BH14 0LY.

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:

Plant & Machinery	25%
Motor Vehicles	25%
Fixtures & Fittings	20%
Computer Equipment	33%

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

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.7. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Primetower Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2025: 8)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 March 2025	63,757	20,469	18,218	102,444
Disposals	(47,408 )	-	-	(47,408 )

As at 28 February 2026	16,349	20,469	18,218	55,036

Depreciation
As at 1 March 2025	42,271	20,469	16,223	78,963
Disposals	(25,922 )	-	1,995	(23,927 )

As at 28 February 2026	16,349	20,469	18,218	55,036

Net Book Value
As at 28 February 2026	-	-	-	-

As at 1 March 2025	21,486	-	1,995	23,481

5. Investment Property

	2026
	£
Fair Value
As at 1 March 2025 and 28 February 2026	92,250

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 March 2025	2

As at 28 February 2026	2

Provision
As at 1 March 2025	-

As at 28 February 2026	-

Net Book Value
As at 28 February 2026	2

As at 1 March 2025	2

7. Stocks

	2026	2025
	£	£
Work in progress	2,064,949	2,468,564

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Primetower Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

8. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	3,211,631	1,314
Other debtors	(977,336)	2,106,171

	2,234,295	2,107,485
Due after more than one year
Other debtors	358,221	358,221

	2,592,516	2,465,706

9. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	6,426
Trade creditors	15,865	21,376
Bank loans and overdrafts	1,350,000	777,831
Other creditors	623,703	784,566
Taxation and social security	14,219	37,929

	2,003,787	1,628,128

10. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	17,645

11. Loans

An analysis of the maturity of loans is given below:

	2026	2025
	£	£
Amounts falling due within one year or on demand:
Bank loans	1,350,000	777,831

12. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	6,426
Later than one year and not later than five years	-	17,645

	-	24,071

	-	24,071

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Primetower Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

13. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	11,234	11,234

14. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 March 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 28 February 2026
	£	£	£	£	£
Mr John Yeoman	16,635	-	-	-	-
Dr Roger Harding	(735,649 )	-	-	-	-

The above loan is unsecured, interest free and repayable on demand.

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