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REGISTERED NUMBER: 13123850 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 January 2024

for

PIA Partners Limited

PIA Partners Limited (Registered number: 13123850)






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 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: 13123850 (England and Wales)





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

PIA Partners Limited (Registered number: 13123850)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,000 1,000
Investment property 5 720,000 710,000
721,000 711,000

CURRENT ASSETS
Debtors 6 216,021 204,738
Cash at bank 18,061 39,615
234,082 244,353
CREDITORS
Amounts falling due within one year 7 122,816 104,831
NET CURRENT ASSETS 111,266 139,522
TOTAL ASSETS LESS CURRENT
LIABILITIES

832,266

850,522

PROVISIONS FOR LIABILITIES 2,303 7,303
NET ASSETS 829,963 843,219

CAPITAL AND RESERVES
Called up share capital 8 801,510 801,510
Fair value reserve 9 6,909 21,909
Retained earnings 21,544 19,800
SHAREHOLDERS' FUNDS 829,963 843,219

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 Limited (Registered number: 13123850)

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 Limited (Registered number: 13123850)

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

1. STATUTORY INFORMATION

PIA Partners 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.

Preparation of consolidated financial statements
The financial statements contain information about PIA Partners Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents rental income earned in the period, exclusive of value added tax.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 Limited (Registered number: 13123850)

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. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 1,000
NET BOOK VALUE
At 31 January 2024 1,000
At 31 January 2023 1,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 710,000
Additions 30,000
Revaluations (20,000 )
At 31 January 2024 720,000
NET BOOK VALUE
At 31 January 2024 720,000
At 31 January 2023 710,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2023 29,212
Valuation in 2024 (20,000 )
Cost 710,788
720,000

At 31 January 2024 the investment property was valued, on an open market basis, at £720,000 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.

PIA Partners Limited (Registered number: 13123850)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,143 -
Amounts owed by group undertakings 204,378 203,238
Other debtors 1,500 1,500
216,021 204,738

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 20,669 8,384
Amounts owed to group undertakings 10,500 10,800
Taxation and social security 2,943 7,614
Other creditors 88,704 78,033
122,816 104,831

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000
800,510 Ordinary A £1 800,510 800,510
801,510 801,510

9. RESERVES
Fair
value
reserve
£   
At 1 February 2023 21,909
Fair value adjustment (20,000 )
Deferred tax on fair value
adjustment 5,000

At 31 January 2024 6,909

10. RELATED PARTY DISCLOSURES

During this and the prior period a number of companies whose ultimate controlling party is one of the directors paid expenses on behalf of PIA Partners Limited. At the period end PIA Partners Limited owed these companies a total of £84,673 in this regard (2023 : £76,533). These balances are repayable on demand. No interest has been charged during the period.