Company Registration No. 10973154 (England and Wales)
PRECISION INVESTMENT LIMITED
Unaudited accounts
for the year ended 31 July 2024
PRECISION INVESTMENT LIMITED
Unaudited accounts
Contents
PRECISION INVESTMENT LIMITED
Company Information
for the year ended 31 July 2024
Director
URBAN, Christian, Dr
Company Number
10973154 (England and Wales)
Registered Office
71 WOODSIDE ROAD
PURLEY
CR8 4LQ
UNITED KINGDOM
PRECISION INVESTMENT LIMITED
Statement of financial position
as at 31 July 2024
Investment property
5,234,866
4,761,440
Cash at bank and in hand
50,524
25,803
Creditors: amounts falling due within one year
(329,952)
(329,173)
Net current liabilities
(255,097)
(261,433)
Total assets less current liabilities
5,004,042
4,500,007
Creditors: amounts falling due after more than one year
(4,973,221)
(4,491,673)
Called up share capital
100
100
Profit and loss account
30,721
8,234
Shareholders' funds
30,821
8,334
For the year ending 31 July 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 October 2024 and were signed on its behalf by
URBAN, Christian, Dr
Director
Company Registration No. 10973154
PRECISION INVESTMENT LIMITED
Notes to the Accounts
for the year ended 31 July 2024
PRECISION INVESTMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10973154. The registered office is 71 WOODSIDE ROAD, PURLEY, CR8 4LQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
27,929
799
28,728
At 31 July 2024
27,929
799
28,728
Charge for the year
4,189
266
4,455
At 31 July 2024
4,189
266
4,455
At 31 July 2024
23,740
533
24,273
Fair value at 1 August 2023
4,761,440
PRECISION INVESTMENT LIMITED
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Accrued income and prepayments
-
24,394
Other debtors
24,331
17,543
7
Creditors: amounts falling due within one year
2024
2023
Loans from directors
322,652
321,909
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
3,602,415
3,287,573
Other creditors
8,704
8,704
Loans from directors
1,362,102
1,195,396
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).