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PRECISE PROPERTIES LIMITED

Unaudited Financial Statements

for the Year Ended 31st March 2025






PRECISE PROPERTIES LIMITED (REGISTERED NUMBER: 08444800)






Contents of the Financial Statements
for the year ended 31st March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRECISE PROPERTIES LIMITED

Company Information
for the year ended 31st March 2025







DIRECTORS: Mrs J Lees
S Lees





REGISTERED OFFICE: 2 The Anchorage
Parkgate
Neston
Cheshire
CH64 6TS





REGISTERED NUMBER: 08444800 (England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH

PRECISE PROPERTIES LIMITED (REGISTERED NUMBER: 08444800)

Balance Sheet
31st March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Investments 4 186,649 186,649
Investment property 5 220,000 200,000
406,649 386,649

CURRENT ASSETS
Debtors 6 169,047 30,367
Cash at bank 80,486 274,411
249,533 304,778
CREDITORS
Amounts falling due within one year 7 2,406 3,347
NET CURRENT ASSETS 247,127 301,431
TOTAL ASSETS LESS CURRENT LIABILITIES 653,776 688,080

PROVISIONS FOR LIABILITIES 10,631 5,631
NET ASSETS 643,145 682,449

CAPITAL AND RESERVES
Called up share capital 110 110
Share premium 186,549 186,549
Revaluation reserve 8 55,646 40,646
Retained earnings 400,840 455,144
SHAREHOLDERS' FUNDS 643,145 682,449

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

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

PRECISE PROPERTIES LIMITED (REGISTERED NUMBER: 08444800)

Balance Sheet - continued
31st 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 23rd July 2025 and were signed on its behalf by:





Mrs J Lees - Director


PRECISE PROPERTIES LIMITED (REGISTERED NUMBER: 08444800)

Notes to the Financial Statements
for the year ended 31st March 2025

1. STATUTORY INFORMATION

Precise Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. The areas in the financial statements where these judgements and estimates have been made include:

- Valuation of investment property.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

PRECISE PROPERTIES LIMITED (REGISTERED NUMBER: 08444800)

Notes to the Financial Statements - continued
for the year ended 31st March 2025

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.

Creditors
Short term creditors are measured at transaction price.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to / from related parties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2024
and 31st March 2025 186,649
NET BOOK VALUE
At 31st March 2025 186,649
At 31st March 2024 186,649

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2024 200,000
Revaluations 20,000
At 31st March 2025 220,000
NET BOOK VALUE
At 31st March 2025 220,000
At 31st March 2024 200,000

PRECISE PROPERTIES LIMITED (REGISTERED NUMBER: 08444800)

Notes to the Financial Statements - continued
for the year ended 31st March 2025

5. INVESTMENT PROPERTY - continued

Fair value at 31st March 2025 is represented by:
£   
Valuation in 2019 10,180
Valuation in 2022 10,000
Valuation in 2023 30,000
Valuation in 2024 20,000
Cost 149,820
220,000

If investment property had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 149,820 149,820

Investment property was valued on an open market basis on 31st March 2025 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts owed by group undertakings 169,047 30,367

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 1,335 2,497
Other creditors 1,071 850
2,406 3,347

8. RESERVES
Revaluation
reserve
£   
At 1st April 2024 40,646
Realised surplus / deficit 15,000

At 31st March 2025 55,646

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 were paid to the directors .

Included in debtors is the sum of £169,047 (2024 - £30,367) owing from Precise Projects Limited.