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REGISTERED NUMBER: 13127285 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 January 2024

for

PIA Partners (Land) Limited

PIA Partners (Land) Limited (Registered number: 13127285)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PIA Partners (Land) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: S J Green
Miss G L Sharples





REGISTERED OFFICE: Seagreen
Turner Street
Redcar
Cleveland
TS10 1AZ





REGISTERED NUMBER: 13127285 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

PIA Partners (Land) Limited (Registered number: 13127285)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 400,000 400,000

CURRENT ASSETS
Debtors 5 410 -
Cash at bank 173 214
583 214
CREDITORS
Amounts falling due within one year 6 205,524 204,358
NET CURRENT LIABILITIES (204,941 ) (204,144 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,059

195,856

PROVISIONS FOR LIABILITIES 49,245 49,245
NET ASSETS 145,814 146,611

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Fair value reserve 8 147,735 147,735
Retained earnings (2,921 ) (2,124 )
SHAREHOLDERS' FUNDS 145,814 146,611

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

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

PIA Partners (Land) Limited (Registered number: 13127285)

Balance Sheet - continued
31 January 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 30 October 2024 and were signed on its behalf by:





Miss G L Sharples - Director


PIA Partners (Land) Limited (Registered number: 13127285)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

PIA Partners (Land) 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

Although the company had net current liabilities of £204,941 as at 31 January 2024, these financial statements have been prepared on a going concern basis. Short term creditors include a loan from another group company of £204,378. However, the directors of this group company have indicated that repayment of this loan balance will not be required to the detriment of this company's ability to continue to operate. The directors will provide additional financial support to the company if required.

These financial statements do not include any adjustments that would result should the company not continue to trade.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

PIA Partners (Land) Limited (Registered number: 13127285)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 400,000
NET BOOK VALUE
At 31 January 2024 400,000
At 31 January 2023 400,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2023 196,980
Cost 203,020
400,000

At 31 January 2024 the investment property was valued, on an open market basis, at £400,000 by Mr S Green, a director. Whilst Mr S Green is not a professional valuer he has over 25 years experience in the construction industry and has multiple industry-specific accreditations and qualifications. He has over 15 years experience in property investment, development and conversions and alongside creating a portfolio of investment properties across multiple companies has overseen the turn-around of over 25 profitable property transactions. In addition he is an experienced and compliant deal sourcer.

In combination with his partner Mr S Green owns property investment businesses with a current market value in the region of £5,000,000.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 410 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 204,498 203,358
Other creditors 1,026 1,000
205,524 204,358

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary A £1 1,000 1,000

PIA Partners (Land) Limited (Registered number: 13127285)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. RESERVES
Fair
value
reserve
£   
At 1 February 2023
and 31 January 2024 147,735