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REGISTERED NUMBER: 10837365 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

P.G Investments (Leicester) Ltd

P.G Investments (Leicester) Ltd (Registered number: 10837365)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P.G Investments (Leicester) Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: V Kumar
B Rani
H Goyal





REGISTERED OFFICE: 7 Dent Drive
Thurmaston
Leicester
LE4 8NY





REGISTERED NUMBER: 10837365 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

P.G Investments (Leicester) Ltd (Registered number: 10837365)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 147 220
Investment property 5 9,989,959 9,987,410
9,990,106 9,987,630

CURRENT ASSETS
Debtors 6 64,663 154,046
Cash at bank and in hand 65,376 27,292
130,039 181,338
CREDITORS
Amounts falling due within one year 7 (4,255,962 ) (4,983,176 )
NET CURRENT LIABILITIES (4,125,923 ) (4,801,838 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,864,183

5,185,792

CREDITORS
Amounts falling due after more than one
year

8

(3,747,563

)

(3,302,906

)

PROVISIONS FOR LIABILITIES (279,652 ) (280,307 )
NET ASSETS 1,836,968 1,602,579

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 840,757 840,757
Retained earnings 996,111 761,722
1,836,968 1,602,579

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

P.G Investments (Leicester) Ltd (Registered number: 10837365)

Balance Sheet - continued
30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2025 and were signed on its behalf by:





H Goyal - Director


P.G Investments (Leicester) Ltd (Registered number: 10837365)

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

1. STATUTORY INFORMATION

P.G Investments (Leicester) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

P.G Investments (Leicester) Ltd (Registered number: 10837365)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2023
and 30 June 2024 874
DEPRECIATION
At 1 July 2023 654
Charge for year 73
At 30 June 2024 727
NET BOOK VALUE
At 30 June 2024 147
At 30 June 2023 220

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 9,987,410
Additions 2,549
At 30 June 2024 9,989,959
NET BOOK VALUE
At 30 June 2024 9,989,959
At 30 June 2023 9,987,410

The directors consider the fair value of the investment properties to be £9,989,959 (2023: £9,987,410). Valuations of investment properties have been made on an open market value for existing use basis.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 11,168 132,520
Other debtors 53,495 21,526
64,663 154,046

Other debtors includes prepayments and accrued income of £28,815 (2023: £17,727).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 680,265 399,834
Trade creditors 13,329 23,932
Taxation and social security 191,432 120,629
Other creditors 3,370,936 4,438,781
4,255,962 4,983,176

P.G Investments (Leicester) Ltd (Registered number: 10837365)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Other creditors include accruals and deferred income of £46,659 (2023: £44,682).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 3,747,563 3,302,906

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 975,618 1,553,160

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 4,427,828 3,702,740

The bank loans are secured against the investment properties of the company.

10. OTHER FINANCIAL COMMITMENTS

The company has entered into a cross guarantee for bank borrowings with G. K. Fashion Limited, a company under common control.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.6.24 30.6.23
£    £   
H Goyal
Balance outstanding at start of year - -
Amounts advanced 26,355 60,489
Amounts repaid (26,355 ) (60,489 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan was repayable on demand and interest has been charged at the HMRC Official Rate.