24 January 2022 false No description of principal activity Taxfiler 2023.9.1 13866352business:PrivateLimitedCompanyLtd2022-01-242023-01-31 138663522022-01-23 138663522022-01-242023-01-31 13866352business:AuditExempt-NoAccountantsReport2022-01-242023-01-31 13866352business:FilletedAccounts2022-01-242023-01-31 138663522023-01-31 13866352business:Director12022-01-242023-01-31 13866352business:Director22022-01-242023-01-31 13866352business:Director32022-01-242023-01-31 13866352business:RegisteredOffice2022-01-242023-01-31 13866352core:WithinOneYear2023-01-31 13866352core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 13866352core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 13866352core:PreviouslyStatedAmount2023-01-31 13866352business:SmallEntities2022-01-242023-01-31 13866352countries:EnglandWales2022-01-242023-01-31 13866352core:AfterOneYear2023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 13866352 (England and Wales)
PRECISION INVESTMENT PROPERTIES LIMITED Unaudited accounts for the period from 24 January 2022 to 31 January 2023
PRECISION INVESTMENT PROPERTIES LIMITED Unaudited accounts Contents
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PRECISION INVESTMENT PROPERTIES LIMITED Company Information for the period from 24 January 2022 to 31 January 2023
Directors
Jeffrey Stuart Hawkins John Jack Hawkins Rhys Owen Williams
Company Number
13866352 (England and Wales)
Registered Office
Cardiff House Cardiff Rd Barry Vale of Glamorgan CF63 2AW Wales
Accountants
Cadre Advisory Ltd Embassy Offices, Stangate House Stanwell Road Penarth CF64 2AA
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PRECISION INVESTMENT PROPERTIES LIMITED Statement of financial position as at 31 January 2023
2023 
Notes
£ 
Current assets
Inventories
102,081 
Debtors
159,458 
Cash at bank and in hand
54,437 
315,976 
Creditors: amounts falling due within one year
(304,664)
Net current assets
11,312 
Net assets
11,312 
Capital and reserves
Called up share capital
100 
Profit and loss account
11,212 
Shareholders' funds
11,312 
For the period ending 31 January 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 directors acknowledge their 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 of Directors and authorised for issue on 18 July 2023 and were signed on its behalf by
Jeffrey Stuart Hawkins Director Company Registration No. 13866352
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PRECISION INVESTMENT PROPERTIES LIMITED Notes to the Accounts for the period from 24 January 2022 to 31 January 2023
1
Statutory information
PRECISION INVESTMENT PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13866352. The registered office is Cardiff House, Cardiff Rd, Barry, Vale of Glamorgan, CF63 2AW, Wales.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
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
Debtors
2023 
£ 
Amounts falling due within one year
VAT
13,914 
Trade debtors
5,560 
19,474 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
139,984 
5
Creditors: amounts falling due within one year
2023 
£ 
Trade creditors
29,610 
Amounts owed to group undertakings and other participating interests
53,877 
Taxes and social security
2,560 
Other creditors
19,210 
Loans from directors
198,907 
Accruals
500 
304,664 
6
Average number of employees
During the period the average number of employees was 3.
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