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Unaudited Financial Statements for the Year Ended 31 October 2021 |
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The Prime Energize Holding Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 October 2021 |
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for |
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The Prime Energize Holding Limited |
The Prime Energize Holding Limited (Registered number: 07800594) |
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Contents of the Financial Statements |
for the Year Ended 31 October 2021 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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The Prime Energize Holding Limited |
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Company Information |
for the Year Ended 31 October 2021 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Monomark House |
27 Old Gloucester Street |
London |
WC1N 3AX |
The Prime Energize Holding Limited (Registered number: 07800594) |
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Balance Sheet |
31 October 2021 |
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2021 | 2020 |
as restated |
Notes | € | € | € | € |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Revaluation reserve | 9 |
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Retained earnings | 9 |
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SHAREHOLDERS' FUNDS |
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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 Prime Energize Holding Limited (Registered number: 07800594) |
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Balance Sheet - continued |
31 October 2021 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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The Prime Energize Holding Limited (Registered number: 07800594) |
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Notes to the Financial Statements |
for the Year Ended 31 October 2021 |
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1. | STATUTORY INFORMATION |
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The Prime Energize Holding Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Tangible fixed assets |
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Motor vehicles | - |
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Foreign currencies |
Assets and liabilities in foreign currencies, with the exception of share capital, are translated into Euros at the rates of exchange ruling at the Balance Sheet date. Share capital is translated at the historical rate. Transactions in foreign currencies are translated into Euros at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Fixed asset investments |
Fixed asset investments are shareholdings in various companies. The investments are revalued annually to reflect the values as per the financial results of the companies as reported on the balance sheet. Any surplus or temporary deficit on revaluation is transferred to a non-distributable reserve. Any permanent deficit on revaluation is charged to the Profit and Loss Account. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2020 - NIL). |
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4. | TANGIBLE FIXED ASSETS |
Motor |
vehicles |
€ |
COST |
At 1 November 2020 |
and 31 October 2021 |
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DEPRECIATION |
At 1 November 2020 |
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Charge for year |
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At 31 October 2021 |
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NET BOOK VALUE |
At 31 October 2021 |
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At 31 October 2020 |
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The Prime Energize Holding Limited (Registered number: 07800594) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 October 2021 |
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5. | FIXED ASSET INVESTMENTS |
Unquoted |
investments |
€ |
COST OR VALUATION |
At 1 November 2020 |
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Additions |
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Disposals | ( |
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At 31 October 2021 |
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NET BOOK VALUE |
At 31 October 2021 |
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At 31 October 2020 |
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At 31 October 2021 the company held the following investments: |
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100 shares in Alfamar Investments 2 S.A.R.L, a company incorporated in Luxembourg, which represents 20% of the ordinary share capital. |
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1,000 shares in Etiderwish Unipessoal Lda, a company incorporated in Portugal, which represents 100% of the ordinary share capital. |
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142.117 USD 0.001 Class1- Series C Participating Shares in Dorae Inc., a company incorporated in the Cayman Islands. |
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During the year under review the company disposed of the following investments: |
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50,000 shares in The Prime I Corporate, S.A., a company incorporated in Portugal, which represented 100% of the ordinary share capital. |
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50,000 shares in The Prime IX Corporate SGPS, S.A., a company incorporated in Portugal, which represented 100% of the ordinary share capital. |
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5,000 shares in Sun House Consulting Business LDA, a company incorporated in Portugal, which represented 100% of the ordinary share capital. |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
as restated |
€ | € |
Prepayments |
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Loan - Etiderwish Unipessoal | 4,000 | - |
Loan - The Prime IX Corporate | 116,629 | 86,629 |
Loan - SMM | 8,507,223 | 6,234,258 |
Loan - The Prime I Corporate | 76,600 | 76,600 |
Loan - Prime II Energize Lda | 28,000 | 28,000 |
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The loans to Etiderwish Unipessoal Lda, The Prime I Corporate, Prime II Energize Lda, The Prime IX Corporate SGPS S.A. and SMM - Sociedade Imobiliaria LDA are unsecured, interest free and repayable on demand. |
The Prime Energize Holding Limited (Registered number: 07800594) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 October 2021 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
as restated |
€ | € |
Trade creditors |
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Accruals |
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Beneficial owner loan | 85,440 | 96,743 |
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The loan from the beneficial owner is unsecured, interest-free and without a specified repayment date. |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | as restated |
€ | € |
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Ordinary | £1 | 1,129 | 1,129 |
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9. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
€ | € | € |
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At 1 November 2020 |
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11,456,248 |
Deficit for the year | ( |
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Movement in year | - | (801,047 | ) | (801,047 | ) |
At 31 October 2021 |
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8,893,451 |
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10. | RELATED PARTY DISCLOSURES |
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SMM - Sociedade Imobiliaria LDA |
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Common control |
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2021 | 2020 |
as restated |
€ | € |
Amount due from related party at the balance sheet date | 8,507,223 | 6,234,258 |
The Prime Energize Holding Limited (Registered number: 07800594) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 October 2021 |
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10. | RELATED PARTY DISCLOSURES - continued |
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Etiderwish Unipessoal Lda |
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Subsidiary |
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2021 | 2020 |
as restated |
€ | € |
Amount due from related party at the balance sheet date | 4,000 | - |
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The Prime I Consulting S.A |
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Common control |
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2021 | 2020 |
as restated |
€ | € |
Amount due from related party at the balance sheet date | 76,600 | 76,600 |
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Prime II Energize Lda |
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Common control |
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2021 | 2020 |
as restated |
€ | € |
Amount due from related party at the balance sheet date | 28,000 | 28,000 |
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The Prime IX Corporate |
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Common control |
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2021 | 2020 |
as restated |
€ | € |
Amount due from related party at the balance sheet date | 116,629 | 86,629 |
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11. | POST BALANCE SHEET EVENTS |
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The effect of events relating to the year ended 31 October 2021, which occurred before the date of approval of the financial statements by the director, have been included to the extent required to show a true and fair view of the state of affairs at 31 October 2021 and of the results of the year ended on that date. |