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REGISTERED NUMBER: 09013648 (England and Wales)



















M. PRITCHARD PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






M. PRITCHARD PROPERTIES LIMITED (REGISTERED NUMBER: 09013648)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


M. PRITCHARD PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr M P Pritchard
Mrs P W Pritchard





REGISTERED OFFICE: F Block
Sovereign Business Park
Hawkins Lane
BURTON ON TRENT
Staffordshire
DE14 1PD





REGISTERED NUMBER: 09013648 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

M. PRITCHARD PROPERTIES LIMITED (REGISTERED NUMBER: 09013648)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 186,137 186,137
Investment property 5 695,000 695,000
881,137 881,137

CURRENT ASSETS
Debtors 6 1,894 1,690
Cash at bank 35,704 22,613
37,598 24,303
CREDITORS
Amounts falling due within one year 7 575,394 573,939
NET CURRENT LIABILITIES (537,796 ) (549,636 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

343,341

331,501

CREDITORS
Amounts falling due after more than one
year

8

16,667

26,667
NET ASSETS 326,674 304,834

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 326,474 304,634
SHAREHOLDERS' FUNDS 326,674 304,834

M. PRITCHARD PROPERTIES LIMITED (REGISTERED NUMBER: 09013648)

BALANCE SHEET - continued
30 APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





Mr M P Pritchard - Director


M. PRITCHARD PROPERTIES LIMITED (REGISTERED NUMBER: 09013648)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

M. Pritchard Properties 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about M. Pritchard Properties 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
Rental income shown in the profit and loss account represents amounts invoiced during the year exclusive of value added tax.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost or deemed cost less any provision for impairment.

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.

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The investment property relates to a 999 year long leasehold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

M. PRITCHARD PROPERTIES LIMITED (REGISTERED NUMBER: 09013648)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 186,137
NET BOOK VALUE
At 30 April 2024 186,137
At 30 April 2023 186,137

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 695,000
NET BOOK VALUE
At 30 April 2024 695,000
At 30 April 2023 695,000

The investment property was valued on an open market basis by Mr M P Pritchard a director.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 121 -
Prepayments and accrued income 1,773 1,690
1,894 1,690

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Amounts owed to group undertakings 554,437 554,437
Corporation tax 5,280 5,234
VAT 2,167 1,957
Other creditors 47 47
Accruals and deferred income 3,463 2,264
575,394 573,939

M. PRITCHARD PROPERTIES LIMITED (REGISTERED NUMBER: 09013648)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 16,667 26,667

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200

10. RELATED PARTY DISCLOSURES

2024 2023
£ £
Amount owed to group undertakings 554,437 554,437
The amounts are interest free and have no formal repayment terms.