IRIS Accounts Production v25.1.0.734 11525293 director 1.10.23 30.9.24 30.9.24 false true false false true false Fair value model Ordinary 1.00000 Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115252932023-09-30115252932024-09-30115252932023-10-012024-09-30115252932022-09-30115252932022-10-012023-09-30115252932023-09-3011525293ns15:EnglandWales2023-10-012024-09-3011525293ns14:PoundSterling2023-10-012024-09-3011525293ns10:Director12023-10-012024-09-3011525293ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3011525293ns10:SmallEntities2023-10-012024-09-3011525293ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3011525293ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3011525293ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3011525293ns10:FullAccounts2023-10-012024-09-3011525293ns10:OrdinaryShareClass12023-10-012024-09-3011525293ns10:OrdinaryShareClass22023-10-012024-09-3011525293ns10:OrdinaryShareClass32023-10-012024-09-3011525293ns10:RegisteredOffice2023-10-012024-09-3011525293ns5:CurrentFinancialInstruments2024-09-3011525293ns5:CurrentFinancialInstruments2023-09-3011525293ns5:Non-currentFinancialInstruments2024-09-3011525293ns5:Non-currentFinancialInstruments2023-09-3011525293ns5:ShareCapital2024-09-3011525293ns5:ShareCapital2023-09-3011525293ns5:RetainedEarningsAccumulatedLosses2024-09-3011525293ns5:RetainedEarningsAccumulatedLosses2023-09-3011525293ns5:FurnitureFittings2023-10-012024-09-3011525293ns5:PlantMachinery2023-09-3011525293ns5:PlantMachinery2023-10-012024-09-3011525293ns5:PlantMachinery2024-09-3011525293ns5:PlantMachinery2023-09-3011525293ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3011525293ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3011525293ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-09-3011525293ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-09-3011525293ns5:Secured2024-09-3011525293ns5:Secured2023-09-3011525293ns10:OrdinaryShareClass12024-09-3011525293ns10:OrdinaryShareClass22024-09-3011525293ns10:OrdinaryShareClass32024-09-30115252931ns10:Director12023-09-30115252931ns10:Director12022-09-30115252931ns10:Director12023-10-012024-09-30115252931ns10:Director12022-10-012023-09-30115252931ns10:Director12024-09-30115252931ns10:Director12023-09-30
REGISTERED NUMBER: 11525293 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PCR PROPERTY LIMITED

PCR PROPERTY LIMITED (REGISTERED NUMBER: 11525293)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PCR PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: S G Williams





REGISTERED OFFICE: Windover House
St. Ann Street
Salisbury
SP1 2DR





REGISTERED NUMBER: 11525293 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

PCR PROPERTY LIMITED (REGISTERED NUMBER: 11525293)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 10,652 12,279
Investment property 5 2,679,576 3,813,823
2,690,228 3,826,102

CURRENT ASSETS
Debtors 6 19,880 39,437
Cash at bank 194,909 -
214,789 39,437
CREDITORS
Amounts falling due within one year 7 836,228 1,199,572
NET CURRENT LIABILITIES (621,439 ) (1,160,135 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,068,789 2,665,967

CREDITORS
Amounts falling due after more than one
year

8

1,720,472

2,431,381
NET ASSETS 348,317 234,586

CAPITAL AND RESERVES
Called up share capital 10 3 3
Retained earnings 348,314 234,583
SHAREHOLDERS' FUNDS 348,317 234,586

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

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

PCR PROPERTY LIMITED (REGISTERED NUMBER: 11525293)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 April 2025 and were signed by:





S G Williams - Director


PCR PROPERTY LIMITED (REGISTERED NUMBER: 11525293)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

PCR Property 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.

The financial statements have been prepared on a going concern basis. The company is dependent upon the support of the director who has indicated that he will introduce funds as required to meet the company's liabilities. The director therefore considers that the going concern basis is appropriate. The financial statements do not contain any adjustments that might be necessary were the going concern basis to be no longer appropriate.

The financial statements are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for turnover and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements:

Valuation of investment property:

The company carries its investment property at fair value. Any fair value gains arising are not realised profits and therefore are transferred to a separately designated non-distributable fair value reserve. The method and significant assumptions used to determine the fair value of investment property are further explained in the notes to the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebate and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

PCR PROPERTY LIMITED (REGISTERED NUMBER: 11525293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Investment property
Investment property is initially recognised at cost, which includes purchase cost and any directly attributable expenditure.

Investment property is measured at fair value at each reporting date. Any fair value gains arising are not realised profits and therefore are transferred to a separately designated non-distributable fair value reserve. Any loss arising from revaluation is also recognised in the fair value reserve unless it represents a loss below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the Statement of Income and Retained Earnings for the year.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors
Debtors are measured at their recoverable amount.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Exceptional items
The company classifies one-off charges or credits that have a material impact on the company's financial results, either by virtue of their size or nature, as 'exceptional items'. These are disclosed separately to provide further understanding of the financial performance of the company.

PCR PROPERTY LIMITED (REGISTERED NUMBER: 11525293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 40,510
Additions 8,902
At 30 September 2024 49,412
DEPRECIATION
At 1 October 2023 28,231
Charge for year 10,529
At 30 September 2024 38,760
NET BOOK VALUE
At 30 September 2024 10,652
At 30 September 2023 12,279

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 3,813,823
Additions 14,278
Disposals (1,148,525 )
At 30 September 2024 2,679,576
NET BOOK VALUE
At 30 September 2024 2,679,576
At 30 September 2023 3,813,823

The fair value (open market basis) of investment property was assessed by the director and in his opinion this remains unchanged at 30 September 2024.

PCR PROPERTY LIMITED (REGISTERED NUMBER: 11525293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 2,762
Other debtors 19,880 36,675
19,880 39,437

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 15,308
Trade creditors 1,122 32,383
Taxation and social security 8,338 81,679
Other creditors 816,768 1,070,202
836,228 1,199,572

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 266,600 273,888
Other creditors 1,453,872 2,157,493
1,720,472 2,431,381

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 1,453,872 2,157,493

Repayable by instalments
Bank loans more 5 yr by instal 226,600 233,888

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 276,600 283,888
Other loans 1,453,872 2,242,008
1,730,472 2,525,896

The bank loans and other loans are secured against the investment property of the company.

PCR PROPERTY LIMITED (REGISTERED NUMBER: 11525293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
3 3

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
S G Williams
Balance outstanding at start of year - -
Amounts advanced - 1,344
Amounts repaid - (1,344 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

12. RELATED PARTY DISCLOSURES

Creditors due within one year include £13 (2023 - £1,268) which is owed to the director of the company.