IRIS Accounts Production v24.3.0.553 11331826 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh113318262023-03-31113318262024-03-31113318262023-04-012024-03-31113318262022-03-31113318262022-04-012023-03-31113318262023-03-3111331826ns15:EnglandWales2023-04-012024-03-3111331826ns14:PoundSterling2023-04-012024-03-3111331826ns10:Director12023-04-012024-03-3111331826ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111331826ns10:SmallEntities2023-04-012024-03-3111331826ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3111331826ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111331826ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111331826ns10:FullAccounts2023-04-012024-03-3111331826ns10:Director22023-04-012024-03-3111331826ns10:RegisteredOffice2023-04-012024-03-3111331826ns5:CurrentFinancialInstruments2024-03-3111331826ns5:CurrentFinancialInstruments2023-03-3111331826ns5:Non-currentFinancialInstruments2024-03-3111331826ns5:Non-currentFinancialInstruments2023-03-3111331826ns5:ShareCapital2024-03-3111331826ns5:ShareCapital2023-03-3111331826ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3111331826ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3111331826ns5:RetainedEarningsAccumulatedLosses2024-03-3111331826ns5:RetainedEarningsAccumulatedLosses2023-03-3111331826ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3111331826ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 11331826 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PVS PROPCO LTD

PVS PROPCO LTD (REGISTERED NUMBER: 11331826)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PVS PROPCO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: G H C Christopherson
Mrs J M Christopherson





REGISTERED OFFICE: 27 Portland Road
East Grinstead
West Sussex
RH19 4EB





REGISTERED NUMBER: 11331826 (England and Wales)





ACCOUNTANTS: GBJ Financial Limited
Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW

PVS PROPCO LTD (REGISTERED NUMBER: 11331826)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,053,750 1,025,000

CURRENT ASSETS
Debtors 5 202 3,202
Cash at bank 4,610 1,422
4,812 4,624
CREDITORS
Amounts falling due within one year 6 77,354 111,680
NET CURRENT LIABILITIES (72,542 ) (107,056 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

981,208

917,944

CREDITORS
Amounts falling due after more than one
year

7

(613,560

)

(613,561

)

PROVISIONS FOR LIABILITIES (33,788 ) (26,600 )
NET ASSETS 333,860 277,783

CAPITAL AND RESERVES
Called up share capital 202 202
Fair value reserve 142,150 113,400
Retained earnings 191,508 164,181
333,860 277,783

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

PVS PROPCO LTD (REGISTERED NUMBER: 11331826)

BALANCE SHEET - continued
31 MARCH 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 24 October 2024 and were signed on its behalf by:





G H C Christopherson - Director


PVS PROPCO LTD (REGISTERED NUMBER: 11331826)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

PVS Propco Ltd 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.

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 NIL (2023 - NIL).

PVS PROPCO LTD (REGISTERED NUMBER: 11331826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,025,000
Revaluations 28,750
At 31 March 2024 1,053,750
NET BOOK VALUE
At 31 March 2024 1,053,750
At 31 March 2023 1,025,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 950,000
Valuation in 2023 75,000
Valuation in 2024 28,750
1,053,750

The investment properties were valued on an open market basis by the directors on 31 March 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 202 3,202

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings - 105,403
Taxation and social security 11,424 5,383
Other creditors 65,930 894
77,354 111,680

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 613,560 613,561

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 613,560 613,561

PVS PROPCO LTD (REGISTERED NUMBER: 11331826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. RELATED PARTY DISCLOSURES

At the year end the company owed £Nil (2023: £105,403) to Portland Veterinary Services Limited.The directors and shareholders of PVS PropCo Ltd are also directors and shareholders of Portland Veterinary Services Limited.