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Registration number: 14172162

Picto Investments Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Picto Investments Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Picto Investments Ltd

Company Information

Director

Mr S Dunleavy

Registered office

17 Stonecot Hill
Sutton
Surrey
SM3 9HB

Accountants

DG Accountancy Services Limited
Chartered Accountants17 Stonecot Hill
Sutton
Surrey
SM3 9HB

 

Picto Investments Ltd

(Registration number: 14172162)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

260,401

260,401

Current assets

 

Cash at bank and in hand

 

34,788

7,588

Creditors: Amounts falling due within one year

5

(130,470)

(147,683)

Net current liabilities

 

(95,682)

(140,095)

Total assets less current liabilities

 

164,719

120,306

Creditors: Amounts falling due after more than one year

5

(226,264)

(191,725)

Net liabilities

 

(61,545)

(71,419)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(61,546)

(71,420)

Shareholders' deficit

 

(61,545)

(71,419)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 March 2025
 

.........................................
Mr S Dunleavy
Director

   
     
 

Picto Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
17 Stonecot Hill
Sutton
Surrey
SM3 9HB

These financial statements were authorised for issue by the director on 19 March 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Property

Nil

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Picto Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 July 2023

260,401

260,401

At 30 June 2024

260,401

260,401

Depreciation

Carrying amount

At 30 June 2024

260,401

260,401

At 30 June 2023

260,401

260,401

Included within the net book value of land and buildings above is £260,401 (2023 - £260,401) in respect of freehold land and buildings.
 

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,080

1,080

Other creditors

129,390

146,603

130,470

147,683

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

6

226,264

191,725

6

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

226,264

191,725