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REGISTERED NUMBER: 02792970 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 June 2024

for

The Project Control Partnership Limited

The Project Control Partnership Limited (Registered number: 02792970)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Project Control Partnership Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: R G Burrell
R J Burrell
E J Burrell





REGISTERED OFFICE: 54 Paddock Close
Leigh on Sea
Essex
SS9 5QR





REGISTERED NUMBER: 02792970 (England and Wales)





ACCOUNTANTS: NSO Associates LLP
75 Springfield Road
Chelmsford
Essex
CM2 6JB

The Project Control Partnership Limited (Registered number: 02792970)

Balance Sheet
30 June 2024

30.6.23 30.6.24
£    £    Notes £    £   
FIXED ASSETS
394 Tangible assets 4 -
456,308 Investments 5 530,753
1,115,303 Investment property 6 1,063,713
1,572,005 1,594,466

CURRENT ASSETS
19,290 Debtors 7 22,250
345,253 Cash at bank 407,155
364,543 429,405
CREDITORS
17,471 Amounts falling due within one year 8 26,314
347,072 NET CURRENT ASSETS 403,091
1,919,077 TOTAL ASSETS LESS CURRENT
LIABILITIES

1,997,557

98,967 PROVISIONS FOR LIABILITIES 104,605
1,820,110 NET ASSETS 1,892,952

CAPITAL AND RESERVES
600 Called up share capital 600
296,675 Fair value reserve 9 313,816
1,522,835 Retained earnings 1,578,536
1,820,110 1,892,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Project Control Partnership Limited (Registered number: 02792970)

Balance Sheet - continued
30 June 2024


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 Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





R J Burrell - Director


The Project Control Partnership Limited (Registered number: 02792970)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

The Project Control Partnership 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 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 etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

The Project Control Partnership Limited (Registered number: 02792970)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 13,060
DEPRECIATION
At 1 July 2023 12,666
Charge for year 394
At 30 June 2024 13,060
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 394

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2023 456,308
Revaluations 74,445
At 30 June 2024 530,753
NET BOOK VALUE
At 30 June 2024 530,753
At 30 June 2023 456,308

Cost or valuation at 30 June 2024 is represented by:

Other
investments
£   
Valuation in 2020 (17,441 )
Valuation in 2021 51,541
Valuation in 2022 84,114
Valuation in 2023 4,324
Valuation in 0 74,445
Cost 333,770
530,753

The Project Control Partnership Limited (Registered number: 02792970)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. FIXED ASSET INVESTMENTS - continued

If fixed Asset investments had not been revalued they would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 333,770 333,770

Fixed asset investments were valued on an open market basis basis on 30 June 2024 by R J Burrell , a director .

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 1,115,303
Revaluations (51,590 )
At 30 June 2024 1,063,713
NET BOOK VALUE
At 30 June 2024 1,063,713
At 30 June 2023 1,115,303

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2020 (58,925 )
Valuation in 2021 146,250
Valuation in 2022 169,400
Valuation in 2023 16,303
Valuation in 0 (51,590 )
Cost 842,275
1,063,713

If the investment property had not been revalued it would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 842,275 842,275

Investment Property was valued on an open market basis on 30 June 2024 by R J Burrell, a director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 22,250 19,290

The Project Control Partnership Limited (Registered number: 02792970)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 20,583 11,819
Other creditors 5,731 5,652
26,314 17,471

9. RESERVES
Fair
value
reserve
£   
At 1 July 2023 296,675
Transfer to Fair Value Reserve 17,141

At 30 June 2024 313,816

10. POST BALANCE SHEET EVENTS

There were no post balance sheet events that require being brought to the attention of the shareholders or creditors.