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REGISTERED NUMBER: 07104187 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

PK Investments (Cornwall) Limited

PK Investments (Cornwall) Limited (Registered number: 07104187)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PK Investments (Cornwall) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: P Kelly





SECRETARY: T Kelly





REGISTERED OFFICE: Unit 4 Bodmin Business Park
Launceston Road
Bodmin
Cornwall
PL31 2RJ





REGISTERED NUMBER: 07104187 (England and Wales)

PK Investments (Cornwall) Limited (Registered number: 07104187)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 870,000 870,000
870,000 870,000

CURRENT ASSETS
Debtors 22,500 21,742
Cash at bank 67,046 17,603
89,546 39,345
CREDITORS
Amounts falling due within one year 249,576 255,369
NET CURRENT LIABILITIES (160,030 ) (216,024 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

709,970

653,976

PROVISIONS FOR LIABILITIES 1,006 707
NET ASSETS 708,964 653,269

CAPITAL AND RESERVES
Called up share capital 90 1
Revaluation reserve 6 66,127 66,127
Retained earnings 642,747 587,141
SHAREHOLDERS' FUNDS 708,964 653,269

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

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

PK Investments (Cornwall) Limited (Registered number: 07104187)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 3 September 2024 and were signed by:





P Kelly - Director


PK Investments (Cornwall) Limited (Registered number: 07104187)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

PK Investments (Cornwall) 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
Income from investment property 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 - 10% on cost

Investment property
Investment properties are freehold properties held to earn rental income and/or for capital appreciation.

Investment properties are stated in the accounts at fair value in accordance with the most recent open market valuations. Changes in fair value are recognised in the revaluation reserve, unless a deficit in valuation on an individual property is expected to be permanent in which case it is recognised in the profit and loss account of the period. Deferred tax is provided for against revaluation gains for investment properties.

Depreciation is not provided on investment properties. This is contrary to the requirements of the Companies Act 2006 but is necessary in order for the accounts to give a true and fair view.

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.

PK Investments (Cornwall) Limited (Registered number: 07104187)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 10,759
DEPRECIATION
At 1 January 2023
and 31 December 2023 10,759
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 870,000
NET BOOK VALUE
At 31 December 2023 870,000
At 31 December 2022 870,000

Investment property has been valued on an open market basis as at 31 December 2023 by the director based upon the most recent professional valuation conducted by Vickery Holman.

Valuation at 31 December 2023 is represented by:

£   
Cost 803,874
Increase to valuation in 2014 30,069
Increase to valuation in 2016 32,100
Reduction to valuation in 2017 (16,043 )
Increase to valuation in 2019 20,000
Valuation 870,000

6. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 66,127