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REGISTERED NUMBER: 13625040 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Precision Property Holdings Ltd

Precision Property Holdings Ltd (Registered number: 13625040)

Contents of the Financial Statements
for the Year Ended 30 November 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Precision Property Holdings Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: A W Gillespie





REGISTERED OFFICE: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
GL3 3RS





REGISTERED NUMBER: 13625040 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS

Precision Property Holdings Ltd (Registered number: 13625040)

Statement of Financial Position
30 November 2024

30/11/24 30/11/23
Notes £    £    £   
FIXED ASSETS
Investments 4 100 100

CURRENT ASSETS
Debtors 5 7,361 7,799

CREDITORS
Amounts falling due within one year 6 8,442 8,322
NET CURRENT LIABILITIES (1,081 ) (523 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(981

)

(423

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,081 ) (523 )
SHAREHOLDERS' FUNDS (981 ) (423 )

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

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

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 director and authorised for issue on 7 May 2025 and were signed by:





A W Gillespie - Director


Precision Property Holdings Ltd (Registered number: 13625040)

Notes to the Financial Statements
for the Year Ended 30 November 2024


1. STATUTORY INFORMATION

Precision Property Holdings 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.

Preparation of consolidated financial statements
The financial statements contain information about Precision Property Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
Cost
At 1 December 2023
and 30 November 2024 100
Net book value
At 30 November 2024 100
At 30 November 2023 100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Other debtors 7,361 7,799

Precision Property Holdings Ltd (Registered number: 13625040)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Trade creditors 70 43
Amounts owed to group undertakings 8,012 7,919
Other creditors 360 360
8,442 8,322

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

30/11/24 30/11/23
£    £   
A W Gillespie
Balance outstanding at start of year 7,759 -
Amounts advanced 7,317 7,759
Amounts repaid (7,759 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,317 7,759

The unsecured loan is interest free and has is repaid within 9 months of the year end.

8. RELATED PARTY DISCLOSURES

Precision Builders Ltd
Subsidiary company

A loan exists between the company and its subsidiary Precision Builders Ltd. At 30 November 2024, the company owed £8,012 (2023 - £7,919) to Precision Builders Ltd. The unsecured loan is interest free and has no fixed repayment terms.