Premiere Properties Ltd - Filleted accounts

Premiere Properties Ltd
Registered number:		04707732
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Current assets
Stocks		1,349,469			1,349,469
Cash at bank and in hand		26,917			10,552
		1,376,386			1,360,021

Creditors: amounts falling due within one year	2	(647,008)			(694,874)

Net current assets			729,378			665,147

Total assets less current liabilities			729,378			665,147

Creditors: amounts falling due after more than one year	3		(561,469)			(513,295)



Net assets			167,909			151,852

Capital and reserves
Called up share capital			3			3
Profit and loss account			167,906			151,849

Shareholder's funds			167,909			151,852

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Ms Hina Aslam
Director
Approved by the board on 16 October 2025

Premiere Properties Ltd
Notes to the Accounts
for the year ended 31 March 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents the gross proceeds from the sale of properties sold during the accounting period.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.



	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	-		-






2	Creditors: amounts falling due within one year	2025		2024
£			£

	Bank loans and overdrafts	-		64,596
	Corporation tax	20,045		16,278
	Accruals and deferred income	814		814
	Directors' account	17,228		17,228
	Other creditors	608,921		595,958
		647,008		694,874


3	Creditors: amounts falling due after one year	2025		2024
£			£

	Bank loans	561,469		513,295


4	Loans	2025		2024
£			£
	Creditors include:
	Instalments falling due for payment after more than five years	346,210		346,210


	Secured bank loans	561,469		513,295

	Bank loans represent secured legal mortgages from Barclays Bank Plc against properties at 68 Baslow Drive and from Business Mortgage Finance against property at 116-1116a Wilmslow Road, and finaly from Lloyds Bank against property at 225-227 Finney Lane, respectively.

5	Other information

	Premiere Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Office 11 First Floor
	225-227 Finney Lane
	Heald Green
	Cheshire
	SK8 3PX