Prime Group (London) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09194417 (England and Wales)

Abridged Unaudited Financial Statements for the Year Ended 31 December 2018

for

Prime Group (London) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

E Picoli

REGISTERED OFFICE:

5 Luke Street

London

EC2A 4PX

REGISTERED NUMBER:

09194417 (England and Wales)

ACCOUNTANTS:

Litchfields

5 Luke Street

London

EC2A 4PX

FIXED ASSETS

Tangible assets

4

503

1,043

CURRENT ASSETS

Debtors

61,415

115,233

Cash at bank

-

2,072

61,415

117,305

CREDITORS

Amounts falling due within one year

71,785

117,485

NET CURRENT LIABILITIES

(10,370

)

(180

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,867

)

863

PROVISIONS FOR LIABILITIES

95

208

NET (LIABILITIES)/ASSETS

(9,962

)

655

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(10,062

)

555

SHAREHOLDERS' FUNDS

(9,962

)

655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 27 September 2019 and were signed by:

E Picoli - Director

1.	STATUTORY INFORMATION

Prime Group (London) Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2018

and 31 December 2018

2,163

DEPRECIATION

At 1 January 2018

1,120

Charge for year

540

At 31 December 2018

1,660

NET BOOK VALUE

At 31 December 2018

503

At 31 December 2017

1,043

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2018 and

31 December 2017:

31.12.18

31.12.17

£

£

E Picoli

Balance outstanding at start of year

72,737

47,114

Amounts advanced

16,271

72,737

Amounts repaid

(72,737

)

(47,114

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,271

72,737