Registered number
11191650
Packington Investments (London) Limited
Filleted Accounts
31 December 2022
Packington Investments (London) Limited
Registered number: 11191650
Balance Sheet
as at 31 December 2022
Notes 31/12/22 26/2/22
£ £
Fixed assets
Tangible assets 3 2,700,000 2,659,846
Current assets
Debtors 4 57,268 54,722
Creditors: amounts falling due within one year 5 (117,496) (110,721)
Net current liabilities (60,228) (55,999)
Total assets less current liabilities 2,639,772 2,603,847
Creditors: amounts falling due after more than one year 6 (1,454,078) (1,441,784)
Net assets 1,185,694 1,162,063
Capital and reserves
Called up share capital 1,221,090 1,221,090
Revaluation reserve 7 40,154 -
Profit and loss account (75,550) (59,027)
Shareholder's funds 1,185,694 1,162,063
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Derry Ellen McCulloch
Director
Approved by the board on 19 February 2024
Packington Investments (London) Limited
Notes to the Accounts
for the period from 27 February 2022 to 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 31/12/22 26/2/22
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 27 February 2022 2,659,846
Surplus on revaluation 40,154
At 31 December 2022 2,700,000
Depreciation
At 31 December 2022 -
Net book value
At 31 December 2022 2,700,000
At 26 February 2022 2,659,846
4 Debtors 31/12/22 26/2/22
£ £
Trade debtors 54,500 54,500
Other debtors 2,768 222
57,268 54,722
5 Creditors: amounts falling due within one year 31/12/22 26/2/22
£ £
Trade creditors 3,470 1,244
Amounts owed to group undertakings and undertakings in which the company has a participating interest 114,026 109,477
117,496 110,721
6 Creditors: amounts falling due after one year 31/12/22 26/2/22
£ £
Bank loans 1,454,078 1,441,784
7 Revaluation reserve 31/12/22 26/2/22
£ £
Gain on Revaluation of Building 40,154 -
At 31 December 2022 40,154 -
8 Other information
Packington Investments (London) Limited is a private company limited by shares and incorporated in England. Its registered office is:
2nd Floor Offices
Marygate House
2 Marygate
Wakefield
WF1 1NX
Packington Investments (London) Limited 11191650 false 2022-02-27 2022-12-31 2022-12-31 VT Final Accounts October 2023 release 2 Derry Ellen McCulloch No description of principal activity 11191650 2021-03-01 2022-02-26 11191650 core:RevaluationReserve core:LandBuildings 2021-03-01 2022-02-26 11191650 core:WithinOneYear 2022-02-26 11191650 core:AfterOneYear 2022-02-26 11191650 core:ShareCapital 2022-02-26 11191650 core:OtherReservesSubtotal 2022-02-26 11191650 core:RetainedEarningsAccumulatedLosses 2022-02-26 11191650 core:RevaluationReserve 2022-02-26 11191650 2022-02-27 2022-12-31 11191650 bus:PrivateLimitedCompanyLtd 2022-02-27 2022-12-31 11191650 bus:AuditExempt-NoAccountantsReport 2022-02-27 2022-12-31 11191650 bus:Director40 2022-02-27 2022-12-31 11191650 1 2022-02-27 2022-12-31 11191650 2 2022-02-27 2022-12-31 11191650 core:LandBuildings 2022-02-27 2022-12-31 11191650 core:RevaluationReserve core:LandBuildings 2022-02-27 2022-12-31 11191650 countries:England 2022-02-27 2022-12-31 11191650 bus:FRS102 2022-02-27 2022-12-31 11191650 bus:FullAccounts 2022-02-27 2022-12-31 11191650 2022-12-31 11191650 core:WithinOneYear 2022-12-31 11191650 core:AfterOneYear 2022-12-31 11191650 core:ShareCapital 2022-12-31 11191650 core:OtherReservesSubtotal 2022-12-31 11191650 core:RetainedEarningsAccumulatedLosses 2022-12-31 11191650 core:LandBuildings 2022-12-31 11191650 core:RevaluationReserve 2022-12-31 11191650 2022-02-26 11191650 core:LandBuildings 2022-02-26 iso4217:GBP xbrli:pure