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REGISTERED NUMBER: 10044982 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PYGAR PROPERTIES LIMITED

PYGAR PROPERTIES LIMITED (REGISTERED NUMBER: 10044982)






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 8

PYGAR PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: J Handscombe
C J Mcleod





REGISTERED OFFICE: 28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ





REGISTERED NUMBER: 10044982 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ

PYGAR PROPERTIES LIMITED (REGISTERED NUMBER: 10044982)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £    £   
ASSETS

FIXED ASSETS
Tangible assets 4 314 419
Investment property 5 835,000 911,000
835,314 911,419

CURRENT ASSETS
Cash at bank 1,210 18,922
836,524 930,341

CAPITAL, RESERVES AND LIABILITIES

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 65,495 181,859
SHAREHOLDERS' FUNDS 65,595 181,959

PROVISIONS FOR LIABILITIES 8 42,690 42,752

CREDITORS 9 728,239 705,630
836,524 930,341

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.

PYGAR PROPERTIES LIMITED (REGISTERED NUMBER: 10044982)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:




J Handscombe - Director



C J Mcleod - Director


PYGAR PROPERTIES LIMITED (REGISTERED NUMBER: 10044982)

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

1. STATUTORY INFORMATION

Pygar 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.

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.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover
Turnover represents the rental income received during the period, excluding value added tax.

Turnover is recognised when the right to consideration become due.

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 - 25% 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 Statement of Income and Retained Earnings, 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 1 (2024 - 1 ) .

PYGAR PROPERTIES LIMITED (REGISTERED NUMBER: 10044982)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2024
and 31 March 2025 4,268
DEPRECIATION
At 1 April 2024 3,849
Charge for year 105
At 31 March 2025 3,954
NET BOOK VALUE
At 31 March 2025 314
At 31 March 2024 419

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 911,000
Revaluations (76,000 )
At 31 March 2025 835,000
NET BOOK VALUE
At 31 March 2025 835,000
At 31 March 2024 911,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2018 41,500
Valuation in 2019 5,827
Valuation in 2020 9,000
Valuation in 2021 66,252
Valuation in 2022 79,445
Valuation in 2023 23,400
Valuation in 2024 (3,052 )
Valuation in 2025 (76,000 )
Cost 688,628
835,000

If freehold investment properties had not been revalued they would have been included at the following historical cost:

31.3.25 31.3.24
£    £   
Cost 688,628 688,628

Freehold investment properties were valued on an open market basis on 31 March 2025 by the directors .

PYGAR PROPERTIES LIMITED (REGISTERED NUMBER: 10044982)

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

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
98 Ordinary 1 98 98
1 Ordinary A 1 1 1
1 Ordinary B 1 1 1
100 100

7. RESERVES
Retained
earnings
£   

At 1 April 2024 181,859
Deficit for the year (116,364 )
At 31 March 2025 65,495

The split between non-distributable and distributable reserves are as follows:-

31.03.202531.03.2024
£   £   

Distributable reserves-80,427-40,063
Non-distributable reserves145,922221,922

Total65,495181,859


8. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax
Accelerated capital allowances 42,690 42,752

Deferred
tax
£   
Balance at 1 April 2024 42,752
Provided during year (62 )
Balance at 31 March 2025 42,690

PYGAR PROPERTIES LIMITED (REGISTERED NUMBER: 10044982)

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

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 752 -
Tax - 689
Social security and other taxes - 126
Directors' current accounts 726,529 703,901
Accrued expenses 958 914
728,239 705,630

10. RELATED PARTY DISCLOSURES

As at the balance sheet date the company owed £726,529 (2024 - £703,901) to its directors.

This loan is interest free and has no fixed date for repayment.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PYGAR PROPERTIES 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 Pygar Properties Limited for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, 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 icaew.com/membershandbook.

This report is made solely to the Board of Directors of Pygar Properties 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 Pygar Properties Limited and state those matters that we have agreed to state to the Board of Directors of Pygar Properties Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pygar Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pygar Properties 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 loss of Pygar Properties Limited. You consider that Pygar Properties 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 Pygar Properties 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.






Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ


28 August 2025