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REGISTERED NUMBER: 09746016 (England and Wales)















Financial Statements for the Year Ended 31st May 2023

for

Pickhill Investments Limited

Pickhill Investments Limited (Registered number: 09746016)

Contents of the Financial Statements
for the year ended 31st May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pickhill Investments Limited

Company Information
for the year ended 31st May 2023







DIRECTORS: C Sancto
L Pavitt
R J Sancto





REGISTERED OFFICE: 1-3 Manor Road
Chatham
Kent
ME4 6AE





REGISTERED NUMBER: 09746016 (England and Wales)





ACCOUNTANTS: Beak Kemmenoe
Chartered Accountants
1-3 Manor Road
Chatham
Kent
ME4 6AE

Pickhill Investments Limited (Registered number: 09746016)

Balance Sheet
31st May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 202,565 209,456
Investment property 6 2,886,649 2,832,825
3,089,214 3,042,281

CURRENT ASSETS
Debtors 7 - 141
Cash at bank and in hand 100,065 112,137
100,065 112,278
CREDITORS
Amounts falling due within one year 8 765,282 1,012,020
NET CURRENT LIABILITIES (665,217 ) (899,742 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,423,997

2,142,539

CREDITORS
Amounts falling due after more than one
year

9

(26,682

)

(38,333

)

PROVISIONS FOR LIABILITIES (289,377 ) (280,459 )
NET ASSETS 2,107,938 1,823,747

CAPITAL AND RESERVES
Called up share capital 300 300
Fair value reserve 10 1,211,330 1,167,733
Retained earnings 896,308 655,714
2,107,938 1,823,747

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

Pickhill Investments Limited (Registered number: 09746016)

Balance Sheet - continued
31st May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th February 2024 and were signed on its behalf by:




R J Sancto - Director C Sancto - Director




L Pavitt - Director


Pickhill Investments Limited (Registered number: 09746016)

Notes to the Financial Statements
for the year ended 31st May 2023


1. STATUTORY INFORMATION

Pickhill 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover 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.
Plant and machinery etc - 20% on reducing balance

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 Income Statement, 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.

4. EMPLOYEES AND DIRECTORS

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

Pickhill Investments Limited (Registered number: 09746016)

Notes to the Financial Statements - continued
for the year ended 31st May 2023


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st June 2022
and 31st May 2023 175,000 75,351 250,351
DEPRECIATION
At 1st June 2022 - 40,895 40,895
Charge for year - 6,891 6,891
At 31st May 2023 - 47,786 47,786
NET BOOK VALUE
At 31st May 2023 175,000 27,565 202,565
At 31st May 2022 175,000 34,456 209,456

Included in cost or valuation of land and buildings is freehold land of £ 175,000 (2022 - £ 175,000 ) which is not depreciated.

Cost or valuation at 31st May 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost 175,000 75,351 250,351

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st June 2022 2,832,825
Revaluations 53,824
At 31st May 2023 2,886,649
NET BOOK VALUE
At 31st May 2023 2,886,649
At 31st May 2022 2,832,825

Included in fair value of investment property is freehold land of £ 175,000 (2022 - £ 0 ) which is not depreciated.

Pickhill Investments Limited (Registered number: 09746016)

Notes to the Financial Statements - continued
for the year ended 31st May 2023


6. INVESTMENT PROPERTY - continued

Fair value at 31st May 2023 is represented by:
£   
Valuation in 2018 450,000
Valuation in 2020 638,821
Valuation in 2022 352,825
Valuation in 2023 53,824
Cost 1,391,179
2,886,649

If Investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,391,179 1,391,179

Investment properties were valued on an open market basis on 31st May 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors and prepayments - 141

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,659 10,000
Corporation tax 61,555 47,758
Social security and other taxes 26,126 21,963
Other creditors 607,419 884,119
Accruals and deferred income 58,523 48,180
765,282 1,012,020

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 26,682 38,333

Pickhill Investments Limited (Registered number: 09746016)

Notes to the Financial Statements - continued
for the year ended 31st May 2023


10. RESERVES
Fair
value
reserve
£   
At 1st June 2022 1,167,733
Fair Value Reserve 43,597

At 31st May 2023 1,211,330