PIP PROPERTY LIMITED

Company Registration Number:
00623512 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

PIP PROPERTY LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

PIP PROPERTY LIMITED

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Principal activities of the company

The company's principal activity during the year continued to be that of rental and holding company.



Directors

The director shown below has held office during the whole of the period from
1 April 2024 to 31 March 2025

C Wing


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
22 May 2025

And signed on behalf of the board by:
Name: C Wing
Status: Director

PIP PROPERTY LIMITED

Profit And Loss Account

for the Period Ended 31 March 2025

2025 2024


£

£
Turnover: 15,206 15,158
Cost of sales: ( 338 ) ( 482 )
Gross profit(or loss): 14,868 14,676
Administrative expenses: ( 4,586 ) ( 396 )
Operating profit(or loss): 10,282 14,280
Profit(or loss) before tax: 10,282 14,280
Tax: ( 1,954 ) ( 2,713 )
Profit(or loss) for the financial year: 8,328 11,567

PIP PROPERTY LIMITED

Balance sheet

As at 31 March 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 452,000 452,000
Total fixed assets: 452,000 452,000
Current assets
Debtors: 4 32,033 24,476
Cash at bank and in hand: 50 100
Investments: 5 1 1
Total current assets: 32,084 24,577
Creditors: amounts falling due within one year: 6 ( 1,954 ) ( 2,778 )
Net current assets (liabilities): 30,130 21,799
Total assets less current liabilities: 482,130 473,799
Creditors: amounts falling due after more than one year: 7 ( 399 ) ( 396 )
Total net assets (liabilities): 481,731 473,403
Capital and reserves
Called up share capital: 4,500 4,500
Share premium account: 5,553 5,553
Other reserves: 426,195 426,195
Profit and loss account: 45,483 37,155
Total Shareholders' funds: 481,731 473,403

The notes form part of these financial statements

PIP PROPERTY LIMITED

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 22 July 2025
and signed on behalf of the board by:

Name: C Wing
Status: Director

The notes form part of these financial statements

PIP PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery over 5 years Fixtures, fittings, tools and equipment over 5 years

    Intangible fixed assets amortisation policy

    Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

    Valuation information and policy

    Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

PIP PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

PIP PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2024 452,000 452,000
Additions
Disposals
Revaluations
Transfers
At 31 March 2025 452,000 452,000
Depreciation
At 1 April 2024
Charge for year
On disposals
Other adjustments
At 31 March 2025
Net book value
At 31 March 2025 452,000 452,000
At 31 March 2024 452,000 452,000

PIP PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Debtors

2025 2024
£ £
Other debtors 32,033 24,476
Total 32,033 24,476

PIP PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Current assets investments note

Fair value Unlisted investments

PIP PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Creditors: amounts falling due within one year note

2025 2024
£ £
Taxation and social security 1,954 2,778
Total 1,954 2,778

PIP PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

7. Creditors: amounts falling due after more than one year note

2025 2024
£ £
Other creditors 399 396
Total 399 396