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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
Page
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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
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PRECISION INVESTMENT LIMITED Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,273 
- 
Investment property
5,234,866 
4,761,440 
5,259,139 
4,761,440 
Current assets
Debtors
24,331 
41,937 
Cash at bank and in hand
50,524 
25,803 
74,855 
67,740 
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)
Net assets
30,821 
8,334 
Capital and reserves
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
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PRECISION INVESTMENT LIMITED Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Fixtures & fittings
15%
Computer equipment
3
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
- 
- 
- 
Additions
27,929 
799 
28,728 
At 31 July 2024
27,929 
799 
28,728 
Depreciation
Charge for the year
4,189 
266 
4,455 
At 31 July 2024
4,189 
266 
4,455 
Net book value
At 31 July 2024
23,740 
533 
24,273 
5
Investment property
2024 
£ 
Fair value at 1 August 2023
4,761,440 
Additions
473,426 
At 31 July 2024
5,234,866 
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PRECISION INVESTMENT LIMITED Notes to the Accounts for the year ended 31 July 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
24,394 
Other debtors
24,331 
17,543 
24,331 
41,937 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
322,652 
321,909 
Accruals
7,300 
7,264 
329,952 
329,173 
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 
4,973,221 
4,491,673 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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