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REGISTERED NUMBER: 03507481 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

THE PROPERTY AND COMMODITY
COMPANY LIMITED

THE PROPERTY AND COMMODITY
COMPANY LIMITED (REGISTERED NUMBER: 03507481)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE PROPERTY AND COMMODITY
COMPANY LIMITED

COMPANY INFORMATION
For The Year Ended 29 February 2024







DIRECTORS: P Freke Evans
Mrs S P Freke Evans





SECRETARY: P Freke Evans





REGISTERED OFFICE: 1 Abinger Road
London
W4 1EY





REGISTERED NUMBER: 03507481 (England and Wales)





ACCOUNTANTS: Banks & Co Limited
Chartered Certified Accountants
1 Carnegie Road
Newbury
Berkshire
RG14 5DJ

THE PROPERTY AND COMMODITY
COMPANY LIMITED (REGISTERED NUMBER: 03507481)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,600,000 1,600,000
Investments 5 49,955 80,224
1,649,955 1,680,224

CURRENT ASSETS
Investments 6 1,476 -
Cash at bank and in hand 19,518 11,098
20,994 11,098
CREDITORS
Amounts falling due within one year 7 11,468 14,564
NET CURRENT ASSETS/(LIABILITIES) 9,526 (3,466 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,659,481

1,676,758

CREDITORS
Amounts falling due after more than
one year

8

1,324,868

1,327,120
NET ASSETS 334,613 349,638

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 10 944,599 944,599
Retained earnings (609,988 ) (594,963 )
SHAREHOLDERS' FUNDS 334,613 349,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

THE PROPERTY AND COMMODITY
COMPANY LIMITED (REGISTERED NUMBER: 03507481)

BALANCE SHEET - continued
29 February 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 28 November 2024 and were signed on its behalf by:





P Freke Evans - Director


THE PROPERTY AND COMMODITY
COMPANY LIMITED (REGISTERED NUMBER: 03507481)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 29 February 2024

1. STATUTORY INFORMATION

The Property And Commodity Company 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on reducing balance

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 1 (2023 - 1 ) .

THE PROPERTY AND COMMODITY
COMPANY LIMITED (REGISTERED NUMBER: 03507481)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 1,600,000 45,861 1,645,861
DEPRECIATION
At 1 March 2023
and 29 February 2024 - 45,861 45,861
NET BOOK VALUE
At 29 February 2024 1,600,000 - 1,600,000
At 28 February 2023 1,600,000 - 1,600,000

The freehold and leasehold land and buildings were valued on an open market basis by the directors. the historical cost of the freehold and leasehold land and buildings is £655,399 (2023: £655,399).

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2023 80,224
Disposals (29,843 )
Revaluations (426 )
At 29 February 2024 49,955
NET BOOK VALUE
At 29 February 2024 49,955
At 28 February 2023 80,224

Cost or valuation at 29 February 2024 is represented by:

Other
investments
£   
Valuation in 2024 49,955

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other 1,476 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 11,468 14,564

THE PROPERTY AND COMMODITY
COMPANY LIMITED (REGISTERED NUMBER: 03507481)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 1,324,868 1,327,120

Amounts falling due in more than five years:

Repayable by instalments
loans more 5yrs instal 1,324,868 1,327,120

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due in more than five years:
Repayable by instalments
loans more 5yrs instal 1,324,868 1,327,120

The loans are secured by mortgages on the company's freehold and long leasehold properties.

10. RESERVES
Revaluation
reserve
£   
At 1 March 2023
and 29 February 2024 944,599