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REGISTERED NUMBER: 09642624 (England and Wales)















PC Asset Investments Ltd

Financial Statements For The Year Ended 30 June 2024






PC Asset Investments Ltd (Registered number: 09642624)






Contents of the Financial Statements
For The Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

PC Asset Investments Ltd

Company Information
For The Year Ended 30 June 2024







DIRECTORS: D J McCarthy
D D Morris





REGISTERED OFFICE: 23a Church Road
Parkstone
Poole
Dorset
BH14 8UF





REGISTERED NUMBER: 09642624 (England and Wales)





ACCOUNTANTS: SSM Accountants Limited
23a Church Road
Parkstone
Poole
Dorset
BH14 8UF

PC Asset Investments Ltd (Registered number: 09642624)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,173,236 1,330,174

CREDITORS
Amounts falling due within one year 5 273,112 273,112
NET CURRENT LIABILITIES (273,112 ) (273,112 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

900,124

1,057,062

CAPITAL AND RESERVES
Called up share capital 373,114 373,114
Share premium 400,000 400,000
Fair value reserve 6 127,010 283,948
SHAREHOLDERS' FUNDS 900,124 1,057,062

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 3 February 2025 and were signed on its behalf by:





D J McCarthy - Director


PC Asset Investments Ltd (Registered number: 09642624)

Notes to the Financial Statements
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

PC Asset Investments 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.

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

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).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 July 2023 1,330,174
Impairments (156,938 )
At 30 June 2024 1,173,236
NET BOOK VALUE
At 30 June 2024 1,173,236
At 30 June 2023 1,330,174

PC Asset Investments Ltd (Registered number: 09642624)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 June 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2020 2,163,789
Valuation in 2021 28,687
Valuation in 2022 20,628
Valuation in 2023 (882,930 )
Valuation in 2024 (156,938 )
1,173,236

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 273,112 273,112

6. RESERVES
Fair
value
reserve
£   
At 1 July 2023 283,948
Investment revaluation (156,938 )

At 30 June 2024 127,010

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
PC Asset Investments Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PC Asset Investments Ltd for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of PC Asset Investments Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PC Asset Investments Ltd and state those matters that we have agreed to state to the Board of Directors of PC Asset Investments Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PC Asset Investments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of PC Asset Investments Ltd. You consider that PC Asset Investments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PC Asset Investments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






SSM Accountants Limited
23a Church Road
Parkstone
Poole
Dorset
BH14 8UF


3 February 2025