IRIS Accounts Production v23.1.0.753 06520983 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false Fair value model Ordinary 1.00000 A Dividend 1.00000 B Dividend 1.00000 C Dividend 1.00000 D Dividend 1.00000 40093 35251 67967 40093 40093 35251 67967 40093 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure065209832022-03-31065209832023-03-31065209832022-04-012023-03-31065209832021-03-31065209832021-04-012022-03-31065209832022-03-3106520983ns16:EnglandWales2022-04-012023-03-3106520983ns15:PoundSterling2022-04-012023-03-3106520983ns11:Director12022-04-012023-03-3106520983ns11:Director22022-04-012023-03-3106520983ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3106520983ns11:SmallEntities2022-04-012023-03-3106520983ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3106520983ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3106520983ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3106520983ns11:AbridgedAccounts2022-04-012023-03-310652098312022-04-012023-03-3106520983ns11:OrdinaryShareClass12022-04-012023-03-3106520983ns11:OrdinaryShareClass22022-04-012023-03-3106520983ns11:OrdinaryShareClass32022-04-012023-03-3106520983ns11:OrdinaryShareClass42022-04-012023-03-3106520983ns11:OrdinaryShareClass52022-04-012023-03-310652098342ns11:Director22022-03-310652098342ns11:Director22021-03-310652098342ns11:Director22022-04-012023-03-310652098342ns11:Director22021-04-012022-03-310652098342ns11:Director22023-03-310652098342ns11:Director22022-03-3106520983ns11:RegisteredOffice2022-04-012023-03-3106520983ns6:CurrentFinancialInstruments2023-03-3106520983ns6:CurrentFinancialInstruments2022-03-3106520983ns6:Non-currentFinancialInstruments2023-03-3106520983ns6:Non-currentFinancialInstruments2022-03-3106520983ns6:ShareCapital2023-03-3106520983ns6:ShareCapital2022-03-3106520983ns6:RetainedEarningsAccumulatedLosses2023-03-3106520983ns6:RetainedEarningsAccumulatedLosses2022-03-3106520983ns6:NetGoodwill2022-04-012023-03-3106520983ns6:PlantMachinery2022-04-012023-03-3106520983ns6:FurnitureFittings2022-04-012023-03-3106520983ns6:ComputerEquipment2022-04-012023-03-3106520983ns6:Secured2023-03-3106520983ns6:Secured2022-03-3106520983ns11:OrdinaryShareClass12023-03-3106520983ns11:OrdinaryShareClass22023-03-3106520983ns11:OrdinaryShareClass32023-03-3106520983ns11:OrdinaryShareClass42023-03-3106520983ns11:OrdinaryShareClass52023-03-3106520983ns11:Director112022-03-3106520983ns11:Director112021-03-3106520983ns11:Director112022-04-012023-03-3106520983ns11:Director112021-04-012022-03-3106520983ns11:Director112023-03-3106520983ns11:Director112022-03-31
REGISTERED NUMBER: 06520983 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

PC! LETTINGS LIMITED

PC! LETTINGS LIMITED (REGISTERED NUMBER: 06520983)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PC! LETTINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr S Dixon
Mr S J Squires



REGISTERED OFFICE: 89 Duke Street
Barrow in Furness
Cumbria
LA14 IRF



REGISTERED NUMBER: 06520983 (England and Wales)



BANKERS: National Westminster Bank plc
113 Dalton Road
Barrow-in-Furness
Cumbria
LA14 1WY

PC! LETTINGS LIMITED (REGISTERED NUMBER: 06520983)

ABRIDGED BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,475 4,377
Investment property 6 896,526 896,526
899,001 900,903

CURRENT ASSETS
Debtors 69,515 44,992
Cash at bank and in hand 174,413 164,201
243,928 209,193
CREDITORS
Amounts falling due within one year 104,111 112,186
NET CURRENT ASSETS 139,817 97,007
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,038,818

997,910

CREDITORS
Amounts falling due after more than one
year

7

-

131,790
NET ASSETS 1,038,818 866,120

CAPITAL AND RESERVES
Called up share capital 9 9 9
Retained earnings 1,038,809 866,111
SHAREHOLDERS' FUNDS 1,038,818 866,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PC! LETTINGS LIMITED (REGISTERED NUMBER: 06520983)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:




Mr S Dixon - Director



Mr S J Squires - Director


PC! LETTINGS LIMITED (REGISTERED NUMBER: 06520983)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

PC! Lettings 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of goods and services, commissions and rental income received, excluding VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Investment property
All of the company's properties are held for long-term investment and are included in the Balance Sheet at cost. Depreciation is not provided in respect of investment properties which is a departure from the Companies Act 2006. Depreciation if provided would not have been of a material nature.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 40,000
AMORTISATION
At 1 April 2022
and 31 March 2023 40,000
NET BOOK VALUE

At 31 March 2023 -
At 31 March 2022 -

PC! LETTINGS LIMITED (REGISTERED NUMBER: 06520983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 61,919
Additions 903
At 31 March 2023 62,822
DEPRECIATION
At 1 April 2022 57,542
Charge for year 2,805
At 31 March 2023 60,347
NET BOOK VALUE
At 31 March 2023 2,475
At 31 March 2022 4,377

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 896,526
NET BOOK VALUE
At 31 March 2023 896,526
At 31 March 2022 896,526

All of the company's properties are held for long-term investment and are included in the Balance Sheet at cost. Depreciation is not provided in respect of investment properties which is a departure from the Companies Act 2006. Depreciation if provided would not have been of a material nature.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.3.23 31.3.22
£    £   
Repayable by instalments
Bank loans more 5 years - 68,926

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans - 147,506

National Westminster Bank plc hold legal charges over the company's investment property.

PC! LETTINGS LIMITED (REGISTERED NUMBER: 06520983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2 Ordinary £1 2 2
1 A Dividend £1 1 1
1 B Dividend £1 1 1
1 C Dividend £1 1 1
1 D Dividend £1 1 1
1 E Dividend £1 1 1
1 F Dividend £1 1 1
1 G Dividend £1 1 1
9 9

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Mr S Dixon and Mr S J Squires
Balance outstanding at start of year 40,093 35,251
Amounts advanced 67,967 40,093
Amounts repaid (40,093 ) (35,251 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 67,967 40,093

During the financial year the directors were charged £1,069 (2022 £745) interest on the loan which is unsecured and repayable on demand.