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REGISTERED NUMBER: 11525293 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2023

FOR

PCR PROPERTY LIMITED

PCR PROPERTY LIMITED (REGISTERED NUMBER: 11525293)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PCR PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2023







DIRECTOR: Mr S G Williams





REGISTERED OFFICE: Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD





BUSINESS ADDRESS: 52 Hepworth Close
Artists Way
Andover
Hampshire
SP10 3TD





REGISTERED NUMBER: 11525293 (England and Wales)






PCR PROPERTY LIMITED (REGISTERED NUMBER: 11525293)

BALANCE SHEET
30TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 12,279 22,297
Investment property 6 3,813,823 3,875,164
3,826,102 3,897,461

CURRENT ASSETS
Debtors 7 39,437 40,231
Cash at bank - 22,613
39,437 62,844
CREDITORS
Amounts falling due within one year 8 1,199,572 1,182,770
NET CURRENT LIABILITIES (1,160,135 ) (1,119,926 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,665,967

2,777,535

CREDITORS
Amounts falling due after more than one
year

9

(2,431,381

)

(2,439,716

)

PROVISIONS FOR LIABILITIES - (550 )
NET ASSETS 234,586 337,269

CAPITAL AND RESERVES
Called up share capital 11 3 3
Retained earnings 234,583 337,266
SHAREHOLDERS' FUNDS 234,586 337,269

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PCR PROPERTY LIMITED (REGISTERED NUMBER: 11525293)

BALANCE SHEET - continued
30TH SEPTEMBER 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 director and authorised for issue on 29th February 2024 and were signed by:





Mr S G Williams - Director


PCR PROPERTY LIMITED (REGISTERED NUMBER: 11525293)

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


1. STATUTORY INFORMATION

PCR Property 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. 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.

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.
Fixtures and fittings - 25% straight line

All fixed assets are initially recorded at cost.

Government grants
Government grants are recognised at the fair value of the asset received when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

PCR PROPERTY LIMITED (REGISTERED NUMBER: 11525293)

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


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement in administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st October 2022
and 30th September 2023 40,510
DEPRECIATION
At 1st October 2022 18,213
Charge for year 10,018
At 30th September 2023 28,231
NET BOOK VALUE
At 30th September 2023 12,279
At 30th September 2022 22,297

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2022 3,875,164
Disposals (61,341 )
At 30th September 2023 3,813,823
NET BOOK VALUE
At 30th September 2023 3,813,823
At 30th September 2022 3,875,164

The director, Mr S G Williams, considers the cost of the acquisitions of the investment properties to be a fair estimation of their open market value as at the year end.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,762 2,251
Other debtors 36,675 37,980
39,437 40,231

PCR PROPERTY LIMITED (REGISTERED NUMBER: 11525293)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included in other debtors is £33,760 (2022: £37,980) in relation to prepayments and accrued income.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 15,308 10,040
Trade creditors 32,383 -
Taxation and social security 81,679 79,937
Other creditors 1,070,202 1,092,793
1,199,572 1,182,770

Included in other creditors is £3,000 (2022: £5,910) in relation to accruals and deferred income.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 273,888 282,223
Other creditors 2,157,493 2,157,493
2,431,381 2,439,716

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans 2,157,493 2,157,493

Repayable by instalments
Bank loans 233,888 242,223

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 283,888 292,223
Other loans 2,242,008 2,157,493
2,525,896 2,449,716

The bank loans and other loans are secured over Investment Property.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
3 3

PCR PROPERTY LIMITED (REGISTERED NUMBER: 11525293)

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


12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2023 and 30th September 2022:

2023 2022
£    £   
Mr S G Williams
Balance outstanding at start of year - -
Amounts advanced 1,344 -
Amounts repaid (1,344 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan was unsecured and interest free.