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
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
PRECISION INVESTMENT LIMITED
Statement of financial position
as at 31 July 2023
Investment property
4,761,440
2,989,785
Cash at bank and in hand
25,803
25,681
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)
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
PRECISION INVESTMENT LIMITED
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 August 2022
2,989,785
Amounts falling due within one year
Accrued income and prepayments
24,394
5,165
Other debtors
17,543
5,150
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
321,909
330,380
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
Loans from directors
1,195,396
563,485
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).