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REGISTERED NUMBER: 08447157 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2021

for

Pickhurst Properties Limited

Pickhurst Properties Limited (Registered number: 08447157)






Contents of the Financial Statements
for the Year Ended 30 September 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pickhurst Properties Limited

Company Information
for the Year Ended 30 September 2021







DIRECTOR: S Gray





REGISTERED OFFICE: The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT





REGISTERED NUMBER: 08447157 (England and Wales)





ACCOUNTANTS: Fisher Michael
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

Pickhurst Properties Limited (Registered number: 08447157)

Balance Sheet
30 September 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 792 991
Investment property 5 600,000 550,000
600,792 550,991

CURRENT ASSETS
Debtors 6 131,876 49,323
Cash at bank 151 508
132,027 49,831
CREDITORS
Amounts falling due within one year 7 46,775 20,641
NET CURRENT ASSETS 85,252 29,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

686,044

580,181

CREDITORS
Amounts falling due after more than one
year

8

(572,114

)

(503,332

)

PROVISIONS FOR LIABILITIES (31,900 ) (23,500 )
NET ASSETS 82,030 53,349

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 184,336 307,484
Retained earnings (102,406 ) (254,235 )
SHAREHOLDERS' FUNDS 82,030 53,349

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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.

Pickhurst Properties Limited (Registered number: 08447157)

Balance Sheet - continued
30 September 2021


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 director and authorised for issue on 13 September 2022 and were signed by:





S Gray - Director


Pickhurst Properties Limited (Registered number: 08447157)

Notes to the Financial Statements
for the Year Ended 30 September 2021

1. STATUTORY INFORMATION

Pickhurst Properties 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.

The company is part of a group.

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 as modified by the revaluation of certain assets.

Significant judgements and estimates
No significant judgements or estimates have been applied in the preparation of the financial statements.

Revenue

Tangible fixed assets
Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated deprecation and accumulated impairment losses.

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

Plant and machinery etc - 20% on reducing balance

Government grants
Grants are accounted under the accruals model as permitted by FRS 102.

The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Investment property
The investment properties are included at fair value. Gains are recognised in the income statement and subsequently transferred to the fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors, loans from banks and other third partie and loans to related parties.

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.


Pickhurst Properties Limited (Registered number: 08447157)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021

2. ACCOUNTING POLICIES - continued
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.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Creditors
Short terms creditors are measured at transaction price.

Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest rate method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2020
and 30 September 2021 3,353
DEPRECIATION
At 1 October 2020 2,362
Charge for year 199
At 30 September 2021 2,561
NET BOOK VALUE
At 30 September 2021 792
At 30 September 2020 991

Pickhurst Properties Limited (Registered number: 08447157)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 October 2020 550,000
Additions 5,932
Revaluations 44,068
At 30 September 2021 600,000
NET BOOK VALUE
At 30 September 2021 600,000
At 30 September 2020 550,000

Cost or valuation at 30 September 2021 is represented by:
£   
Valuation in 2014 36,851
Valuation in 2015 30,000
Valuation in 2017 25,000
Valuation in 2018 20,000
Valuation in 2019 60,317
Valuation in 2021 44,068
Cost 383,764
600,000

If the investment property had not been revalued it would have been included at the following historical cost:

2021 2020
£    £   
Cost 383,764 377,832

The investment property was valued on an open market basis on 30 September 2021 by the Director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 131,876 49,323

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 10,000 3,452
Taxation and social security 32,285 11,534
Other creditors 4,490 5,655
46,775 20,641

Pickhurst Properties Limited (Registered number: 08447157)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 35,833 45,833
Amounts owed to group undertakings 536,281 457,499
572,114 503,332

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 5,833

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2021 and 30 September 2020:

2021 2020
£    £   
S Gray
Balance outstanding at start of year 35,489 21,548
Amounts advanced 69,166 20,672
Amounts repaid (6,861 ) (6,731 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 97,794 35,489