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Company Registration No. 10973154 (England and Wales)
PRECISION INVESTMENT LIMITED Unaudited accounts for the year ended 31 July 2023
PRECISION INVESTMENT LIMITED Unaudited accounts Contents
Page
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PRECISION INVESTMENT LIMITED Company Information for the year ended 31 July 2023
Director
URBAN, Christian, Dr
Company Number
10973154 (England and Wales)
Registered Office
71 WOODSIDE ROAD PURLEY CR8 4LQ UNITED KINGDOM
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PRECISION INVESTMENT LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
4,761,440 
2,989,785 
Current assets
Debtors
41,937 
10,315 
Cash at bank and in hand
25,803 
25,681 
67,740 
35,996 
Creditors: amounts falling due within one year
(329,173)
(337,534)
Net current liabilities
(261,433)
(301,538)
Total assets less current liabilities
4,500,007 
2,688,247 
Creditors: amounts falling due after more than one year
(4,491,673)
(2,687,297)
Net assets
8,334 
950 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
8,234 
850 
Shareholders' funds
8,334 
950 
For the year ending 31 July 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 October 2023 and were signed on its behalf by
URBAN, Christian, Dr Director Company Registration No. 10973154
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PRECISION INVESTMENT LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
PRECISION INVESTMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10973154. The registered office is 71 WOODSIDE ROAD, PURLEY, CR8 4LQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 July 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2023 
£ 
Fair value at 1 August 2022
2,989,785 
Additions
1,771,655 
At 31 July 2023
4,761,440 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
24,394 
5,165 
Other debtors
17,543 
5,150 
41,937 
10,315 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
321,909 
330,380 
Accruals
7,264 
7,154 
329,173 
337,534 
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PRECISION INVESTMENT LIMITED Notes to the Accounts for the year ended 31 July 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
3,287,573 
2,123,612 
Other creditors
8,704 
200 
Loans from directors
1,195,396 
563,485 
4,491,673 
2,687,297 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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