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Company Registration No. 11077111 (England and Wales)
Pegasus Residential Limited Unaudited accounts for the year ended 28 February 2025
Pegasus Residential Limited Unaudited accounts Contents
Page
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Pegasus Residential Limited Company Information for the year ended 28 February 2025
Director
John Colclough
Company Number
11077111 (England and Wales)
Registered Office
Jsm Brightfield Business Hub Bakewell Road Orton Southgate Peterborough PE2 6XU United Kingdom
Accountants
JSM Partners Brightfield Business Hub Bakewell Road Peterborough Cambridgeshire PE2 6XU
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Pegasus Residential Limited Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Investment property
587,413 
580,318 
Current assets
Debtors
21,644 
49,854 
Cash at bank and in hand
6,448 
18,762 
28,092 
68,616 
Creditors: amounts falling due within one year
(153,900)
(192,019)
Net current liabilities
(125,808)
(123,403)
Total assets less current liabilities
461,605 
456,915 
Creditors: amounts falling due after more than one year
(394,519)
(373,195)
Provisions for liabilities
Deferred tax
(20,250)
(19,000)
Net assets
46,836 
64,720 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
82,966 
82,966 
Profit and loss account
(36,230)
(18,346)
Shareholders' funds
46,836 
64,720 
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 April 2025 and were signed on its behalf by
John Colclough Director Company Registration No. 11077111
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Pegasus Residential Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Pegasus Residential Limited is a private company, limited by shares, registered in England and Wales, registration number 11077111. The registered office is Jsm, Brightfield Business Hub Bakewell Road, Orton Southgate, Peterborough, PE2 6XU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2025 
£ 
Fair value at 1 March 2024
580,318 
Additions
2,095 
Net gain from fair value adjustments
5,000 
At 28 February 2025
587,413 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
5,960 
398 
Accrued income and prepayments
2,000 
- 
Other debtors
13,684 
49,456 
21,644 
49,854 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Amounts owed to group undertakings and other participating interests
99,170 
- 
Taxes and social security
712 
712 
Other creditors
49,003 
190,635 
Loans from directors
5,015 
- 
Accruals
- 
672 
153,900 
192,019 
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Pegasus Residential Limited Notes to the Accounts for the year ended 28 February 2025
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
394,519 
373,195 
8
Loans to directors
During the year loans totalling £5,015 were received from the directors. These remain outstanding at the year end and are interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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