IRIS Accounts Production v24.3.2.46 05923258 director 31.3.23 30.3.24 30.3.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh059232582023-03-30059232582024-03-30059232582023-03-312024-03-30059232582022-03-31059232582022-04-012023-03-30059232582023-03-3005923258ns15:EnglandWales2023-03-312024-03-3005923258ns14:PoundSterling2023-03-312024-03-3005923258ns10:Director12023-03-312024-03-3005923258ns10:PrivateLimitedCompanyLtd2023-03-312024-03-3005923258ns10:SmallEntities2023-03-312024-03-3005923258ns10:AuditExempt-NoAccountantsReport2023-03-312024-03-3005923258ns10:SmallCompaniesRegimeForDirectorsReport2023-03-312024-03-3005923258ns10:SmallCompaniesRegimeForAccounts2023-03-312024-03-3005923258ns10:FullAccounts2023-03-312024-03-3005923258ns10:RegisteredOffice2023-03-312024-03-3005923258ns5:CurrentFinancialInstruments2024-03-3005923258ns5:CurrentFinancialInstruments2023-03-3005923258ns5:Non-currentFinancialInstruments2024-03-3005923258ns5:Non-currentFinancialInstruments2023-03-3005923258ns5:ShareCapital2024-03-3005923258ns5:ShareCapital2023-03-3005923258ns5:RetainedEarningsAccumulatedLosses2024-03-3005923258ns5:RetainedEarningsAccumulatedLosses2023-03-3005923258ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3005923258ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3005923258ns5:RetainedEarningsAccumulatedLosses2023-03-3005923258ns5:RetainedEarningsAccumulatedLosses2023-03-312024-03-30
REGISTERED NUMBER: 05923258 (England and Wales)










Financial Statements

for the Year Ended 30 March 2024

for

Property Investment Consultants (GB)
Limited

Property Investment Consultants (GB)
Limited (Registered number: 05923258)






Contents of the Financial Statements
for the Year Ended 30 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Property Investment Consultants (GB)
Limited

Company Information
for the Year Ended 30 March 2024







DIRECTOR: S Ahmed





REGISTERED OFFICE: Suite One
Italia House Business Centre
Pass Street
Oldham
OL9 6HZ





REGISTERED NUMBER: 05923258 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

Property Investment Consultants (GB)
Limited (Registered number: 05923258)

Balance Sheet
30 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 370,000 348,273

CURRENT ASSETS
Debtors 5 295,131 234,945
Investments 6 - 269
Cash at bank and in hand 1,333 13,664
296,464 248,878
CREDITORS
Amounts falling due within one year 7 (44,605 ) (45,583 )
NET CURRENT ASSETS 251,859 203,295
TOTAL ASSETS LESS CURRENT
LIABILITIES

621,859

551,568

CREDITORS
Amounts falling due after more than one year 8 (250,510 ) (249,261 )

PROVISIONS FOR LIABILITIES (17,467 ) (13,339 )
NET ASSETS 353,882 288,968

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 353,782 288,868
353,882 288,968

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2024 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.

Property Investment Consultants (GB)
Limited (Registered number: 05923258)

Balance Sheet - continued
30 March 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 director and authorised for issue on 26 March 2025 and were signed by:





S Ahmed - Director


Property Investment Consultants (GB)
Limited (Registered number: 05923258)

Notes to the Financial Statements
for the Year Ended 30 March 2024

1. STATUTORY INFORMATION

Property Investment Consultants (GB) 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 as modified by the revaluation of certain assets.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

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

Property Investment Consultants (GB)
Limited (Registered number: 05923258)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 March 2023 348,273
Revaluations 21,727
At 30 March 2024 370,000
NET BOOK VALUE
At 30 March 2024 370,000
At 30 March 2023 348,273

Fair value at 30 March 2024 is represented by:
£   
Valuation in 2022 10,000
Valuation in 2024 21,727
Cost 338,273
370,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,400 -
Other debtors 293,731 234,945
295,131 234,945

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other - 269

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,789 9,332
Trade creditors - 1,422
Corporation tax 13,610 11,541
Other creditors 16,978 19,543
Directors' current accounts 3,651 2,339
Accrued expenses 1,577 1,406
44,605 45,583

Property Investment Consultants (GB)
Limited (Registered number: 05923258)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Mortgage 250,510 249,261

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage 250,510 249,261

10. RESERVES
Retained
earnings
£   

At 31 March 2023 288,868
Profit for the year 66,914
Dividends (2,000 )
At 30 March 2024 353,782