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Company Registration No. 11466226 (England and Wales)
Pixie Properties Limited Unaudited accounts for the year ended 31 March 2023
Pixie Properties Limited Unaudited accounts Contents
Page
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Pixie Properties Limited Company Information for the year ended 31 March 2023
Director
A R Kershaw
Company Number
11466226 (England and Wales)
Registered Office
12 Pilgrim Place Southampton Hampshire SO18 2LG United Kingdom
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Pixie Properties Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
135,000 
135,000 
Current assets
Debtors
491 
444 
Cash at bank and in hand
3,442 
905 
3,933 
1,349 
Creditors: amounts falling due within one year
(1,374)
(650)
Net current assets
2,559 
699 
Total assets less current liabilities
137,559 
135,699 
Creditors: amounts falling due after more than one year
(131,050)
(128,858)
Provisions for liabilities
Deferred tax
(1,212)
(921)
Net assets
5,297 
5,920 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,197 
5,820 
Shareholders' funds
5,297 
5,920 
For the year ending 31 March 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 26 November 2023 and were signed on its behalf by
A R Kershaw Director Company Registration No. 11466226
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Pixie Properties Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Pixie Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11466226. The registered office is 12 Pilgrim Place, Southampton, Hampshire, SO18 2LG, 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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, 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.
Turnover
Turnover represents rental income due for the period.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Reserves
Reserves include non-distributable amounts relating to the uplift in valuation of investment properties, net of deferred tax.
4
Investment property
2023 
£ 
Fair value at 1 April 2022
135,000 
At 31 March 2023
135,000 
Investment property was valued on an open market basis on 31 March 2023 by the director. If investment property had not been revalued it would have been included at historical cost of £130,155.
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Pixie Properties Limited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
491 
444 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
370 
290 
Accruals
1,004 
360 
1,374 
650 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
93,750 
93,750 
Loans from directors
37,300 
35,108 
131,050 
128,858 
Aggregate of amounts that fall due for payment after five years
131,050 
128,858 
Bank loans are secured against the investment property.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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