Company registration number 06539305 (England and Wales)
PITTVILLE PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
PITTVILLE PROPERTIES LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
PITTVILLE PROPERTIES LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
9,974
9,799
Cash at bank and in hand
3,407
141
13,381
9,940
Creditors: amounts falling due within one year
(17,877)
(14,436)
Net current liabilities
(4,496)
(4,496)
Capital and reserves
Called up share capital
3
2
2
Profit and loss reserves
(4,498)
(4,498)
Total equity
(4,496)
(4,496)

For the financial year ended 31 August 2024 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 28 May 2025
Mr H Kaveh Baghbadrani
Director
Company registration number 06539305 (England and Wales)
PITTVILLE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information

Pittville Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 251-253 Wells Road, Malvern Wells, Malvern, Worcestershire, WR14 4JF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the year-end the company had net liabilities and net current liabilities, and was reliant on the ongoing support of its director in not withdrawing the money that he has advanced to the company as working capital. The director has agreed that he will not withdraw his advance to the detriment of other unsecured creditors. As a result the director considers that it is appropriate to draw up the financial statements on the basis that the company is a going concern.

1.3
Turnover

Turnover represents rents and service charges receivable from tenants during the year. Income is recognised in the period to which it relates.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
4
Freehold property

Pittville Properties Limited owns the freehold to the properties that it manages. No value has been attributed to the freehold in these financial statements, as the value is deemed by the director to be both immaterial and unascertainable.

PITTVILLE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
5
Related party transactions

Crystalight Limited

Company under common control

The related party has advanced money to this company as working capital and collects rents on its behalf. At the year end £5,943 (2023: £4,797) was due to the related party and is shown in 'other creditors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed.

 

Abbey College in Malvern Limited

Company under common control

The related party has advanced money to this company as working capital. At the year end £9,573 (2023: £9,674) was due from the related party, which is shown in 'other debtors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed.

 

H Kaveh Baghbadrani

Sole director

The director has advanced funds to the company as working capital. At the year end there was a balance owing to the director of £4,450 (2023: £4,450). This debt is unsecured; no terms of interest or repayment have been agreed.

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