PIC PARK ROAD LIMITED

Company Registration Number:
13190732 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

PIC PARK ROAD LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Notes

PIC PARK ROAD LIMITED

Balance sheet

As at 30 September 2023


Notes

2023

2022


£

£
Fixed assets
Investments: 3 913,231 787,232
Total fixed assets: 913,231 787,232
Current assets
Stocks: 1,812,500 0
Debtors: 4 84,456 1,368,285
Cash at bank and in hand: 36,221 71,971
Total current assets: 1,933,177 1,440,256
Creditors: amounts falling due within one year:   (2,256,764) (2,323,404)
Net current assets (liabilities): (323,587) (883,148)
Total assets less current liabilities: 589,644 (95,916)
Total net assets (liabilities): 589,644 (95,916)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 589,544 (96,016)
Shareholders funds: 589,644 (95,916)

The notes form part of these financial statements

PIC PARK ROAD LIMITED

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 June 2024
and signed on behalf of the board by:

Name: Armaan Chohan
Status: Director

The notes form part of these financial statements

PIC PARK ROAD LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PIC PARK ROAD LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

PIC PARK ROAD LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Fixed investments

Investment property is carried at fair value determined annually by external valuers and derived fromthe current market rents and investment property yields for comparable real estate, adjusted ifnecessary for any difference in the nature, location or condition of the specific asset. No depreciationis provided. Changes in fair value are recognised in profit or loss.

PIC PARK ROAD LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

PIC PARK ROAD LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Related party transactions

Name of the related party: PIC Grove Lane Limited
Relationship:
Fellow Subsidiary
Description of the Transaction: Intercompany Loan
£
Balance at 01 October 2022 3,300
Balance at 30 September 2023 623
Name of the related party: PIC Park Lane 2 Limited
Relationship:
Fellow Subsidiary
Description of the Transaction: Intercompany Loan
£
Balance at 01 October 2022 0
Balance at 30 September 2023 12,083
Name of the related party: PIC Dobfield Limited
Relationship:
Fellow Subsidiary
Description of the Transaction: Intercompany Loan
£
Balance at 01 October 2022 0
Balance at 30 September 2023 13,736
Name of the related party: The PIC Holdings Group Limited
Relationship:
Parent Company
Description of the Transaction: Intercompany Loan
£
Balance at 01 October 2022 1,959,900
Balance at 30 September 2023 2,229,800
Name of the related party: The Property IC Limited
Relationship:
Fellow Subsidiary
Description of the Transaction: Intercompany Loan
£
Balance at 01 October 2022 0
Balance at 30 September 2023 1,364
Name of the related party: The Property IC Limited
Relationship:
Fellow Subsidiary
Description of the Transaction: Management Charges
£
Balance at 01 October 2022 36,667
Balance at 30 September 2023 74,167
Name of the related party: The PIC Holdings Group Limited
Relationship:
Parent Company
Description of the Transaction: Management charges
£
Balance at 01 October 2022 800
Balance at 30 September 2023 70,000