REGISTERED NUMBER: 08283489 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2024

for

PFL Investments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Oliphant

H Oliphant

REGISTERED OFFICE:

67 Westow Street

Upper Norwood

London

SE19 3RW

REGISTERED NUMBER:

08283489 (England and Wales)

ACCOUNTANTS:

Thornton Springer LLP

Chartered Accountants

67 Westow Street

London

SE19 3RW

FIXED ASSETS

Investment property

4

1,400,000

1,400,000

CURRENT ASSETS

Debtors

5

31,431

4,685

Cash at bank

947

16,534

32,378

21,219

CREDITORS

Amounts falling due within one year

6

(216,124

)

(258,124

)

NET CURRENT LIABILITIES

(183,746

)

(236,905

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,216,254

1,163,095

PROVISIONS FOR LIABILITIES

(68,943

)

(68,943

)

NET ASSETS

1,147,311

1,094,152

CAPITAL AND RESERVES

Called up share capital

100

100

Non distributable reserves

333,623

333,623

Retained earnings

813,588

760,429

SHAREHOLDERS' FUNDS

1,147,311

1,094,152

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

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

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 19 March 2025 and were signed on its behalf by:

S Oliphant - Director

1.	STATUTORY INFORMATION

PFL Investments Ltd 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 represents rental income received.

Investment property

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve. Any impairment reducing the market value below cost is charged to the profit and loss account. Any reversal of previous impairments is credited to the profit and loss account.

True and Fair Override

In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no depreciation in provided in respect of the freehold property which is classified as an investment property. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. This property is not held for consumption but for investment and the director considers that to depreciate it would not give a true and fair view.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2023

and 30 April 2024

1,400,000

NET BOOK VALUE

At 30 April 2024

1,400,000

At 30 April 2023

1,400,000

Fair value at 30 April 2024 is represented by:

£

Valuation in 2016

22,748

Valuation in 2017

100,000

Valuation in 2023

200,000

Cost

1,077,252

1,400,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.24

30.4.23

£

£

Trade debtors

27,181

435

Other debtors

4,250

4,250

31,431

4,685

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.24

30.4.23

£

£

Bank loans and overdrafts

147,400

198,601

Trade creditors

(419

)

6,770

Taxation and social security

40,401

29,629

Other creditors

28,742

23,124

216,124

258,124