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Pritchardpropertiesskan Ltd
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Notes to the financial statements
Period ended 31 March 2025
Pritchardpropertiesskan Ltd ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is 7 Ridgeway Gardens, Woking, GU21 4RB.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared in accordance with Section 1A of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic
of Ireland' (FRS 102) and the Companies Act 2006.
The following principal accounting policies have been applied:
The turnover shown in the profit and loss account represents rental income receivable during the period.
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
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The average monthly number of employees, including directors, during the period was 4.
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Freehold investment property
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In the opinion of the directors, valuation of the investment property is fair and unlikely to represent a
material difference to true valuation.
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