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REGISTERED NUMBER: 03648299 (England and Wales)






















Pickerwood Properties Limited

Unaudited Financial Statements

for the Period 6 April 2022 to 4 April 2023






Pickerwood Properties Limited (Registered number: 03648299)






Contents of the Financial Statements
for the period 6 April 2022 to 4 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pickerwood Properties Limited

Company Information
for the period 6 April 2022 to 4 April 2023







DIRECTOR: C E Doyle





SECRETARY: Mrs D Doyle





REGISTERED OFFICE: Adelphi Chambers
30 Hoghton Street
Southport
Merseyside
PR9 0NZ





REGISTERED NUMBER: 03648299 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Adelphi Chambers
30 Hoghton Street
Southport
Merseyside
PR9 0NZ

Pickerwood Properties Limited (Registered number: 03648299)

Balance Sheet
4 April 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 1,487,958 1,488,391

CURRENT ASSETS
Debtors 5 477,908 430,323
Cash at bank and in hand 62,276 74,002
540,184 504,325
CREDITORS
Amounts falling due within one year 6 (41,866 ) (52,688 )
NET CURRENT ASSETS 498,318 451,637
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,986,276

1,940,028

CREDITORS
Amounts falling due after more than one year 7 (200,590 ) (200,700 )

PROVISIONS FOR LIABILITIES 8 (91,156 ) (69,277 )
NET ASSETS 1,694,530 1,670,051

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Fair value reserve 10 488,172 510,051
Retained earnings 1,205,358 1,159,000
SHAREHOLDERS' FUNDS 1,694,530 1,670,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 4 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 4 April 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.

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 director and authorised for issue on 13 March 2024 and were signed by:





C E Doyle - Director


Pickerwood Properties Limited (Registered number: 03648299)

Notes to the Financial Statements
for the period 6 April 2022 to 4 April 2023

1. STATUTORY INFORMATION

Pickerwood Properties 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. 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
Turnover comprises rents receivable on investment properties.

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 - 15% on reducing balance

Taxation
Taxation for the period 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 period 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 period was 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£ £ £
COST OR VALUATION
At 6 April 2022
and 4 April 2023 1,485,505 4,900 1,490,405
DEPRECIATION
At 6 April 2022 - 2,014 2,014
Charge for period - 433 433
At 4 April 2023 - 2,447 2,447
NET BOOK VALUE
At 4 April 2023 1,485,505 2,453 1,487,958
At 5 April 2022 1,485,505 2,886 1,488,391

Pickerwood Properties Limited (Registered number: 03648299)

Notes to the Financial Statements - continued
for the period 6 April 2022 to 4 April 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 4 April 2023 is represented by:

Freehold Plant and
property machinery Totals
£ £ £
Valuation in 2017 579,328 - 579,328
Cost 906,177 4,900 911,077
1,485,505 4,900 1,490,405

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£ £
Cost 906,177 906,177

Freehold land and buildings were valued on an open market basis on 5 April 2017 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed by group undertakings 438,908 430,323
Other debtors 39,000 -
477,908 430,323

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Taxation and social security 28,547 42,384
Other creditors 13,319 10,304
41,866 52,688

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Other creditors 200,590 200,700

8. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax 91,156 69,277

Deferred tax
£
Balance at 6 April 2022 69,277
Property revaluation 21,879
Balance at 4 April 2023 91,156

Pickerwood Properties Limited (Registered number: 03648299)

Notes to the Financial Statements - continued
for the period 6 April 2022 to 4 April 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,000 Ordinary £1 1,000 1,000

10. RESERVES
Fair value
reserve
£
At 6 April 2022 510,051
Deferred Tax (21,879 )

At 4 April 2023 488,172