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REGISTERED NUMBER: 03360708 (England and Wales)















Financial Statements for the Year Ended 31 August 2023

for

Pixieacre Limited

Pixieacre Limited (Registered number: 03360708)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pixieacre Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: P P Mascolo
P R Mascolo
S M Mascolo-Tarbuck
C F Mascolo





SECRETARY: R W L Berrow





REGISTERED OFFICE: Berkeley House
Amery Street
Alton
Hampshire
GU341HN





REGISTERED NUMBER: 03360708 (England and Wales)





AUDITORS: JWR Audit Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

Pixieacre Limited (Registered number: 03360708)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,530,000 3,880,000

CURRENT ASSETS
Debtors 5 105,143 19,732
Cash at bank 7,252 17,080
112,395 36,812
CREDITORS
Amounts falling due within one year 6 1,030,041 1,158,579
NET CURRENT LIABILITIES (917,646 ) (1,121,767 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,612,354

2,758,233

CAPITAL AND RESERVES
Called up share capital 8 31 31
Fair Value Reserve 9 (1,627,331 ) (1,277,331 )
Retained earnings 4,239,654 4,035,533
SHAREHOLDERS' FUNDS 2,612,354 2,758,233

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 22 March 2025 and were signed on its behalf by:





S M Mascolo-Tarbuck - Director


Pixieacre Limited (Registered number: 03360708)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Pixieacre 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 (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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.

Significant judgements and estimates
In preparing the financial statements in accordance with FRS 102, management is required to make judgements, estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover
Turnover represents rents receivable under operating leases in the United Kingdom, net of value added tax, which is recognised on a straight line basis over the term of the relevant lease.

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.

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.

Pixieacre Limited (Registered number: 03360708)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 3,880,000
Revaluations (350,000 )
At 31 August 2023 3,530,000
NET BOOK VALUE
At 31 August 2023 3,530,000
At 31 August 2022 3,880,000

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2021 4,760,000
Valuation in 2022 (880,000 )
Valuation in 2023 (350,000 )
3,530,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 97,145 4,540
Other debtors 7,998 15,192
105,143 19,732

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 9,288 8,632
Amounts owed to group undertakings 628,877 758,251
Taxation and social security 8,116 7,714
Other creditors 383,760 383,982
1,030,041 1,158,579

7. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   

Barclays Bank PLC hold a fixed and floating charge over the company regarding 2 charges that remain outstanding.

Pixieacre Limited (Registered number: 03360708)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
311,239 Ordinary 0.01p 31 31

9. RESERVES
Fair
Value
Reserve
£   
At 1 September 2022 (1,277,331 )
Transfer Revaluation Reserve (350,000 )

At 31 August 2023 (1,627,331 )

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

K S Wood (Senior Statutory Auditor)
for and on behalf of JWR Audit Limited

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the company owed the director £350,999 (2022: £350,999).

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Toni & Guy International Limited.