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REGISTERED NUMBER: 07670872 (England and Wales)















PG ASSOCIATED INVESTMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023






PG ASSOCIATED INVESTMENTS LIMITED (REGISTERED NUMBER: 07670872)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PG ASSOCIATED INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: Mr P M Perret-Green
Mrs F M Perret-Green





REGISTERED OFFICE: 27 Avenue Road
Abergavenny
Gwent
NP7 7DA





REGISTERED NUMBER: 07670872 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

PG ASSOCIATED INVESTMENTS LIMITED (REGISTERED NUMBER: 07670872)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,834 252,496
Investment property 5 481,717 225,000
494,551 477,496

CURRENT ASSETS
Cash at bank 11,539 16,006

CREDITORS
Amounts falling due within one year 6 331,253 349,218
NET CURRENT LIABILITIES (319,714 ) (333,212 )
TOTAL ASSETS LESS CURRENT LIABILITIES 174,837 144,284

CREDITORS
Amounts falling due after more than one year 7 (9,315 ) (13,208 )

PROVISIONS FOR LIABILITIES (33,831 ) -
NET ASSETS 131,691 131,076

CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 9 101,491 135,322
Retained earnings 9 30,198 (4,248 )
SHAREHOLDERS' FUNDS 131,691 131,076

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

PG ASSOCIATED INVESTMENTS LIMITED (REGISTERED NUMBER: 07670872)

BALANCE SHEET - continued
30TH JUNE 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd January 2024 and were signed on its behalf by:





Mrs F M Perret-Green - Director


PG ASSOCIATED INVESTMENTS LIMITED (REGISTERED NUMBER: 07670872)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023


1. STATUTORY INFORMATION

PG Associated Investments 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.

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 as modified by the revaluation of certain assets.

Turnover
Rental income is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% straight line on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

PG ASSOCIATED INVESTMENTS LIMITED (REGISTERED NUMBER: 07670872)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st July 2022 256,717 36,164 2,899 295,780
Reclassification/transfer (256,717 ) - - (256,717 )
At 30th June 2023 - 36,164 2,899 39,063
DEPRECIATION
At 1st July 2022 20,672 19,714 2,898 43,284
Charge for year - 3,617 - 3,617
Charge written back (20,672 ) - - (20,672 )
At 30th June 2023 - 23,331 2,898 26,229
NET BOOK VALUE
At 30th June 2023 - 12,833 1 12,834
At 30th June 2022 236,045 16,450 1 252,496

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2022 225,000
Reclassification/transfer 256,717
At 30th June 2023 481,717
NET BOOK VALUE
At 30th June 2023 481,717
At 30th June 2022 225,000

Fair value at 30th June 2023 is represented by:
£   
Valuation in 2016 35,322
Valuation in 2022 100,000
Cost 346,395
481,717

PG ASSOCIATED INVESTMENTS LIMITED (REGISTERED NUMBER: 07670872)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,500 4,500
Taxation and social security 311 504
Other creditors 326,442 344,214
331,253 349,218

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 9,315 13,208

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1st July 2022 (4,248 ) 135,322 131,074
Profit for the year 615 615
Deferred tax adjustment 33,831 (33,831 ) -
At 30th June 2023 30,198 101,491 131,689

10. RELATED PARTY DISCLOSURES

As at the year end PG Associated Investments Limited owed £185,000 (2022 - £120,000) to a company in which a director holds a controlling interest.