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REGISTERED NUMBER: 05584928 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

W. PICTON & SON LIMITED

W. PICTON & SON LIMITED (REGISTERED NUMBER: 05584928)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

W. PICTON & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Ms K E Picton
J.S. Harding





SECRETARY: J.S. Harding





REGISTERED OFFICE: Plaza 668
Hitchin Road
Luton
Bedfordshire
LU2 7XH





REGISTERED NUMBER: 05584928 (England and Wales)





ACCOUNTANTS: Notts Limited
Chartered Accountants
Plaza 668
Hitchin Road
Luton
Bedfordshire
LU2 7XH

W. PICTON & SON LIMITED (REGISTERED NUMBER: 05584928)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,566 1,901
Investment property 5 1,215,000 1,215,000
1,216,566 1,216,901

CURRENT ASSETS
Debtors 6 4,626 2
Cash at bank 7,037 17,849
11,663 17,851
CREDITORS
Amounts falling due within one year 7 10,471 13,111
NET CURRENT ASSETS 1,192 4,740
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,217,758

1,221,641

CREDITORS
Amounts falling due after more than one
year

8

(618,457

)

(618,457

)

PROVISIONS FOR LIABILITIES (298 ) (361 )
NET ASSETS 599,003 602,823

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 599,001 602,821
SHAREHOLDERS' FUNDS 599,003 602,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

W. PICTON & SON LIMITED (REGISTERED NUMBER: 05584928)

BALANCE SHEET - continued
31 MARCH 2025


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 Board of Directors and authorised for issue on 15 July 2025 and were signed on its behalf by:





Ms K E Picton - Director


W. PICTON & SON LIMITED (REGISTERED NUMBER: 05584928)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

W. Picton & Son Limited 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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on cost

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 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 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 NIL (2024 - NIL).

W. PICTON & SON LIMITED (REGISTERED NUMBER: 05584928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST OR VALUATION
At 1 April 2024
and 31 March 2025 3,249 2,286 5,535
DEPRECIATION
At 1 April 2024 2,111 1,523 3,634
Charge for year 171 164 335
At 31 March 2025 2,282 1,687 3,969
NET BOOK VALUE
At 31 March 2025 967 599 1,566
At 31 March 2024 1,138 763 1,901

Cost or valuation at 31 March 2025 is represented by:

Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost 3,249 2,286 5,535

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 1,215,000
NET BOOK VALUE
At 31 March 2025 1,215,000
At 31 March 2024 1,215,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2014 281,437
Valuation in 2022 277,867
Cost 655,696
1,215,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 4,626 2

W. PICTON & SON LIMITED (REGISTERED NUMBER: 05584928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 585 3,819
Other creditors 9,886 9,292
10,471 13,111

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 259,691 259,691
Amounts owed to group undertakings 358,766 358,766
618,457 618,457

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 259,691 259,691

The bank loan is secured on the properties for the value of the outstanding mortgage. The mortgage is interest only and is repayable in full at the end of the term.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to K.E. Picton a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
Ms K E Picton
Balance outstanding at start of year (6,292 ) (5,997 )
Amounts advanced - 287
Amounts repaid (595 ) (582 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,887 ) (6,292 )

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
W. PICTON & SON LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of W. Picton & Son Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of W. Picton & Son Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of W. Picton & Son Limited and state those matters that we have agreed to state to the Board of Directors of W. Picton & Son Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W. Picton & Son Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that W. Picton & Son Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of W. Picton & Son Limited. You consider that W. Picton & Son Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of W. Picton & Son Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Notts Limited
Chartered Accountants
Plaza 668
Hitchin Road
Luton
Bedfordshire
LU2 7XH


15 July 2025