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REGISTERED NUMBER: 08774194 (England and Wales)















PNK Property Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023






PNK Property Limited (Registered number: 08774194)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


PNK Property Limited

Company Information
for the year ended 30 November 2023







DIRECTOR: Mr P N Kolodotschko





REGISTERED OFFICE: 13 The Courtyard
Timothy's Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP





REGISTERED NUMBER: 08774194 (England and Wales)





ACCOUNTANTS: Grenfell James, Chartered Accountants
Rowan
Roper's Lane
Wrington
BS40 5NQ

PNK Property Limited (Registered number: 08774194)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,050,000 2,050,000

CURRENT ASSETS
Debtors 5 23,180 7,688
Cash at bank 58,573 66,691
81,753 74,379
CREDITORS
Amounts falling due within one year 6 1,150,375 1,134,819
NET CURRENT LIABILITIES (1,068,622 ) (1,060,440 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

981,378

989,560

PROVISIONS FOR LIABILITIES 205,799 205,799
NET ASSETS 775,579 783,761

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 775,569 783,751
SHAREHOLDERS' FUNDS 775,579 783,761

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

PNK Property Limited (Registered number: 08774194)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:





Mr P N Kolodotschko - Director


PNK Property Limited (Registered number: 08774194)

Notes to the Financial Statements
for the year ended 30 November 2023

1. STATUTORY INFORMATION

PNK 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Going concern
The director of the company has confirmed that sufficient financial support will be provided to enable this company to continue its operations for a period of not less than 12 months from the date the balance sheet is signed and accordingly the financial statements are prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 2,050,000
NET BOOK VALUE
At 30 November 2023 2,050,000
At 30 November 2022 2,050,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2018 908,153
Valuation in 2021 175,000
Cost 966,847
2,050,000

PNK Property Limited (Registered number: 08774194)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 23,180 7,688

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,085,027 1,085,027
Other creditors 65,348 49,792
1,150,375 1,134,819

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end, The director owes the company £11,303 which is assumed to be paid within 9 months of the year end.