IRIS Accounts Production v24.3.2.46 05592729 director 1.1.23 31.12.23 31.12.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055927292022-12-31055927292023-12-31055927292023-01-012023-12-31055927292021-12-31055927292022-01-012022-12-31055927292022-12-3105592729ns15:EnglandWales2023-01-012023-12-3105592729ns14:Euro2023-01-012023-12-3105592729ns10:Director12023-01-012023-12-3105592729ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3105592729ns10:SmallEntities2023-01-012023-12-3105592729ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3105592729ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3105592729ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105592729ns10:FullAccounts2023-01-012023-12-3105592729ns10:RegisteredOffice2023-01-012023-12-3105592729ns5:CurrentFinancialInstruments2023-12-3105592729ns5:CurrentFinancialInstruments2022-12-3105592729ns5:ShareCapital2023-12-3105592729ns5:ShareCapital2022-12-3105592729ns5:RevaluationReserve2023-12-3105592729ns5:RevaluationReserve2022-12-3105592729ns5:RetainedEarningsAccumulatedLosses2023-12-3105592729ns5:RetainedEarningsAccumulatedLosses2022-12-3105592729ns5:Secured2023-12-3105592729ns5:Secured2022-12-3105592729ns5:RevaluationReserve2022-12-31
REGISTERED NUMBER: 05592729 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PIMLICO PROPERTIES & INVESTMENTS LIMITED

PIMLICO PROPERTIES & INVESTMENTS LIMITED (REGISTERED NUMBER: 05592729)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PIMLICO PROPERTIES & INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: G Armao





REGISTERED OFFICE: 5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow On The Hill
Middlesex
HA1 3EX





REGISTERED NUMBER: 05592729 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

PIMLICO PROPERTIES & INVESTMENTS LIMITED (REGISTERED NUMBER: 05592729)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes €    €    €    €   
FIXED ASSETS
Property, plant and equipment 4 1,269,000 1,269,000

CURRENT ASSETS
Cash at bank 7,287 11,986

CREDITORS
Amounts falling due within one year 5 1,709,782 1,713,440
NET CURRENT LIABILITIES (1,702,495 ) (1,701,454 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(433,495

)

(432,454

)

CAPITAL AND RESERVES
Called up share capital 1,460 1,460
Revaluation reserve 7 (357,160 ) (357,160 )
Retained earnings (77,795 ) (76,754 )
SHAREHOLDERS' FUNDS (433,495 ) (432,454 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 7 February 2025 and were signed by:





G Armao - Director


PIMLICO PROPERTIES & INVESTMENTS LIMITED (REGISTERED NUMBER: 05592729)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Pimlico Properties & Investments 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 Euro (€).


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.

The accounts have been prepared on a going basis, on the understanding that the continued financial support will be provided by the shareholder.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Investment properties are included in the balance sheet at cost. In accordance with FRS102, no depreciation is provided on property held for investment purpose. FRS102 also requires property held for investment purposes to be re-valued to open market value. A revaluation on the investment properties was performed at open market value by the directors of the company. The deficit is not deemed to be permanent and has been taken to the statement of total recognised gains and losses and the revaluation reserve.

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 statement of financial position date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. PROPERTY, PLANT AND EQUIPMENT


Cost or valuation at 31 December 2023 is represented by:

Land and
buildings
€   
Valuation in 2022 (357,160 )
Cost 1,626,160
1,269,000

PIMLICO PROPERTIES & INVESTMENTS LIMITED (REGISTERED NUMBER: 05592729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
€    €   
Trade creditors 9,374 10,934
Other creditors 1,700,408 1,702,506
1,709,782 1,713,440

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
€    €   
Other loans 1,699,748 1,699,748

Included in other creditors is an interest free loan of €1,699,748 (2022 - €1,699,748) from a shareholder. It is repayable on demand.

7. RESERVES
Revaluation
reserve
€   
At 1 January 2023
and 31 December 2023 (357,160 )

8. GOING CONCERN

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.