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REGISTERED NUMBER: 04227913 (England and Wales)



















PIDDINGTON PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






PIDDINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 04227913)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PIDDINGTON PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: P S Jutla
M S Jutla





SECRETARY: P S Jutla





REGISTERED OFFICE: 118 Hughenden Avenue
High Wycombe
Buckinghamshire
HP13 5SN





REGISTERED NUMBER: 04227913 (England and Wales)





ACCOUNTANTS: C. Jay & Co.
Chartered Certified Accountants
CJ House
99A Cobbold Road
London
NW10 9SL

PIDDINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 04227913)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 3,716,301 3,716,301
3,716,301 3,716,301

CURRENT ASSETS
Stocks - 364,836
Debtors 6 45,079 35,774
Cash at bank 8,359 27,413
53,438 428,023
CREDITORS
Amounts falling due within one year 7 151,119 183,254
NET CURRENT (LIABILITIES)/ASSETS (97,681 ) 244,769
TOTAL ASSETS LESS CURRENT LIABILITIES 3,618,620 3,961,070

CREDITORS
Amounts falling due after more than one
year

8

2,459,802

2,901,527
NET ASSETS 1,158,818 1,059,543

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 316,385 316,385
Retained earnings 842,431 743,156
SHAREHOLDERS' FUNDS 1,158,818 1,059,543

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.

PIDDINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 04227913)

BALANCE SHEET - continued
30 JUNE 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 24 March 2025 and were signed on its behalf by:




M S Jutla - Director



P S Jutla - Director


PIDDINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 04227913)

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


1. STATUTORY INFORMATION

Piddington 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.

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.

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

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.

In accordance with the Financial Reporting Standard for Smaller Entities, no depreciation is provided in respect of freehold or long leasehold investment properties. The director considers that this policy results in the accounts giving a true and fair view.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

PIDDINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 04227913)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 July 2023
and 30 June 2024 5,657
DEPRECIATION
At 1 July 2023
and 30 June 2024 5,657
NET BOOK VALUE
At 30 June 2024 -

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 July 2023
and 30 June 2024 3,716,301
NET BOOK VALUE
At 30 June 2024 3,716,301
At 30 June 2023 3,716,301

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 45,079 35,774

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors - 45,000
Taxation and social security 36,227 28,755
Other creditors 114,892 109,499
151,119 183,254

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 784,050 905,050
Other creditors 1,675,752 1,996,477
2,459,802 2,901,527

PIDDINGTON PROPERTIES LIMITED (REGISTERED NUMBER: 04227913)

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


9. RESERVES
Fair value
reserve
£
At 1 July 2023
and 30 June 2024 316,385