Registered number
11191650
Packington Investments (London) Limited
Filleted Accounts
31 December 2023
Packington Investments (London) Limited
Registered number: 11191650
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,700,000 2,700,000
Current assets
Debtors 4 57,976 57,268
Creditors: amounts falling due within one year 5 (125,072) (117,496)
Net current liabilities (67,096) (60,228)
Total assets less current liabilities 2,632,904 2,639,772
Creditors: amounts falling due after more than one year 6 (1,441,783) (1,454,078)
Net assets 1,191,121 1,185,694
Capital and reserves
Called up share capital 1,221,090 1,221,090
Revaluation reserve 7 40,154 40,154
Profit and loss account (70,123) (75,550)
Shareholder's funds 1,191,121 1,185,694
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The property has been revalued to reflect its current fair market value. This has been accomplished by comparing the property to similar properties that have been recently sold and by considering other factors like rental income. This is not an official valuation and has been carried out by the company management.
Derry Ellen McCulloch
Director
Approved by the board on 10 April 2025
Packington Investments (London) Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023 2,700,000
At 31 December 2023 2,700,000
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 2,700,000
At 31 December 2022 2,700,000
4 Debtors 2023 2022
£ £
Trade debtors 54,500 54,500
Other debtors 3,476 2,768
57,976 57,268
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,516 3,470
Amounts owed to group undertakings and undertakings in which the company has a participating interest 123,556 114,026
125,072 117,496
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 1,441,783 1,454,078
7 Revaluation reserve 2023 2022
£ £
At 1 January 2023 40,154 -
Gain on Revaluation of Building - 40,154
At 31 December 2023 40,154 40,154
8 Other information
Packington Investments (London) Limited is a private company limited by shares and incorporated in England. Its registered office is:
2nd Floor Offices
Marygate House
2 Marygate
Wakefield
WF1 1NX
Packington Investments (London) Limited 11191650 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts April 2025 Derry Ellen McCulloch No description of principal activity 11191650 2022-02-27 2022-12-31 11191650 core:RevaluationReserve core:LandBuildings 2022-02-27 2022-12-31 11191650 core:WithinOneYear 2022-12-31 11191650 core:AfterOneYear 2022-12-31 11191650 core:ShareCapital 2022-12-31 11191650 core:OtherReservesSubtotal 2022-12-31 11191650 core:RetainedEarningsAccumulatedLosses 2022-12-31 11191650 core:RevaluationReserve 2022-02-26 11191650 2023-01-01 2023-12-31 11191650 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11191650 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11191650 bus:Director40 2023-01-01 2023-12-31 11191650 1 2023-01-01 2023-12-31 11191650 2 2023-01-01 2023-12-31 11191650 core:RevaluationReserve core:LandBuildings 2023-01-01 2023-12-31 11191650 countries:England 2023-01-01 2023-12-31 11191650 bus:FRS102 2023-01-01 2023-12-31 11191650 bus:FilletedAccounts 2023-01-01 2023-12-31 11191650 2023-12-31 11191650 core:WithinOneYear 2023-12-31 11191650 core:AfterOneYear 2023-12-31 11191650 core:ShareCapital 2023-12-31 11191650 core:OtherReservesSubtotal 2023-12-31 11191650 core:RetainedEarningsAccumulatedLosses 2023-12-31 11191650 core:LandBuildings 2023-12-31 11191650 core:RevaluationReserve 2023-12-31 11191650 2022-12-31 11191650 core:LandBuildings 2022-12-31 11191650 core:RevaluationReserve 2022-12-31 iso4217:GBP xbrli:pure