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COMPANY REGISTRATION NUMBER: 04720298
PGR PROPERTIES (CUMBRIA) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
PGR PROPERTIES (CUMBRIA) LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
PGR PROPERTIES (CUMBRIA) LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
Current assets
Debtors
4
41,324
41,324
Cash at bank and in hand
85
85
--------
--------
41,409
41,409
--------
--------
Net current assets
41,409
41,409
--------
--------
Total assets less current liabilities
41,409
41,409
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
41,309
41,309
--------
--------
Shareholders funds
41,409
41,409
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 26 March 2025 , and are signed on behalf of the board by:
Mrs G M Roberts
Director
Company registration number: 04720298
PGR PROPERTIES (CUMBRIA) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 7B, Lakeland Business Park, Cockermouth, Cumbria, CA13 0QT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Corporation tax
The Directors have been advised that if the freehold investment property were realised at a figure greater than that shown in the accounts then there would be a tax liability arising.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Debtors
2024
2023
£
£
Other debtors
41,324
41,324
--------
--------
5. Directors' advances, credits and guarantees
Included within other debtors falling due within one year is £41,324 (2023 - £41,324) being the amount owed by the directors. These amounts were repaid within nine months of the financial year.