Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-312023-08-01falseOther letting and operating of own or leased real estate22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14216359 2023-08-01 2024-07-31 14216359 2022-08-01 2023-07-31 14216359 2024-07-31 14216359 2023-07-31 14216359 c:Director1 2023-08-01 2024-07-31 14216359 d:FreeholdInvestmentProperty 2023-08-01 2024-07-31 14216359 d:FreeholdInvestmentProperty 2024-07-31 14216359 d:FreeholdInvestmentProperty 2 2023-08-01 2024-07-31 14216359 d:CurrentFinancialInstruments 2024-07-31 14216359 d:CurrentFinancialInstruments 2023-07-31 14216359 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 14216359 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14216359 d:ShareCapital 2024-07-31 14216359 d:ShareCapital 2023-07-31 14216359 d:RetainedEarningsAccumulatedLosses 2024-07-31 14216359 d:RetainedEarningsAccumulatedLosses 2023-07-31 14216359 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 14216359 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 14216359 c:OrdinaryShareClass1 2023-08-01 2024-07-31 14216359 c:OrdinaryShareClass1 2024-07-31 14216359 c:OrdinaryShareClass1 2023-07-31 14216359 c:FRS102 2023-08-01 2024-07-31 14216359 c:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 14216359 c:FullAccounts 2023-08-01 2024-07-31 14216359 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14216359 f:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 14216359


PACHECO PROPERTIES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JULY 2024


















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Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ

 
PACHECO PROPERTIES LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PACHECO PROPERTIES LIMITED
FOR THE YEAR ENDED 31 JULY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PACHECO PROPERTIES LIMITED for the year ended 31 July 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of PACHECO PROPERTIES LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of PACHECO PROPERTIES LIMITED and state those matters that we have agreed to state to the Board of Directors of PACHECO PROPERTIES LIMITED, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PACHECO PROPERTIES LIMITED and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that PACHECO PROPERTIES LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of PACHECO PROPERTIES LIMITED. You consider that PACHECO PROPERTIES LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of PACHECO PROPERTIES LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Haggards Crowther LLP
Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ
10 April 2025
Page 1

 
PACHECO PROPERTIES LIMITED
REGISTERED NUMBER: 14216359

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
560,000
-

  
560,000
-

Current assets
  

Debtors
  
3,695
-

Cash at bank and in hand
 6 
483,732
1,062,856

  
487,427
1,062,856

Creditors: amounts falling due within one year
 7 
(1,066,494)
(1,065,462)

Net current liabilities
  
 
 
(579,067)
 
 
(2,606)

Total assets less current liabilities
  
(19,067)
(2,606)

  

Net liabilities
  
(19,067)
(2,606)


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
(19,069)
(2,608)

  
(19,067)
(2,606)


Page 2

 
PACHECO PROPERTIES LIMITED
REGISTERED NUMBER: 14216359
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 April 2025.




Mrs A P Dos Reis
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
PACHECO PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


Statutory information

Pacheco Properties Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 14216359 and its registered address is 2nd Floor, Heathmans House, 19 Heathmans Road, London, England, SW6 4TJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Significant judgements and estimates

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. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements.

 
2.3

Revenue

Turnover represents the value of rent provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the rental income provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of rent, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Page 4

 
PACHECO PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

 
2.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to the income statement..

Page 5

 
PACHECO PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.7

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
574,778


Deficit on revaluation
(14,778)



At 31 July 2024
560,000








5.


Valuation of Investment Property

The Directors undertook a valuation of the investment properties as at 31 July 2024 on an open market basis. Following the assessment, the directors valued the property at £560,000.


6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
483,732
1,062,856

483,732
1,062,856


Page 6

 
PACHECO PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
1,064,574
1,064,262

Accruals and deferred income
1,920
1,200

1,066,494
1,065,462



8.


Deferred taxation




2024


£






Charged to income statement
3,695



At end of year
3,695

Included in debtors, the deferred tax asset is made up as follows:

2024
2023
£
£


Change in the property value
3,695
-

3,695
-


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary Shares shares of £1.00 each
2
2



10.


Directors' benefits: advances, credit and guarantees

Included within the year end creditors balance is an amount owed by the company to its directors of £1,064,574 (2023: £1,064,262). Throughout the year, total withdrawal of funds amounted to £0, with total deposits of £312. (2023: £1,064,262). The outstanding balance is unsecured, repayable on demand and not subject to interest.

Page 7

 
PACHECO PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

11.


Transition to FRS 102A and its impact on prior year losses and equity

Due to acquiring investment property in the year, the company consequently transitioned to the FRS 102 Section 1A framework. The transition date is set as 5 July 2022, marking the start date of the earliest period reported in the financial statements. The transition did not impact prior year company losses nor equity.   


12.


Controlling party

The company was under the control of the directors throughout the current and previous year. There is
no majority shareholder.

 
Page 8