Pampisford Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03990946

Pampisford Properties Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2024

Pampisford Properties Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	5		12,710,438		12,150,582

Current assets

Debtors	6	147,868	166,031
Cash at bank and in hand		594,731	702,740
		---------	---------
		742,599	868,771

Creditors: amounts falling due within one year	7	106,542		107,223
		---------		---------
Net current assets			636,057		761,548
			-------------		-------------
Total assets less current liabilities			13,346,495		12,912,130

Creditors: amounts falling due after more than one year	8		7,953,527		8,075,053

Provisions

Taxation including deferred tax	296,092	219,083
	-------------	-------------
Net assets	5,096,876	4,617,994
	-------------	-------------

Capital and reserves

Called up share capital	100	100
Revaluation reserve	3,914,134	3,479,298
Profit and loss account	1,182,642	1,138,596
	------------	------------
Shareholders funds	5,096,876	4,617,994
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Pampisford Properties Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 21 August 2025 , and are signed on behalf of the board by:

Mr K R Satchell

Director

Company registration number: 03990946

Pampisford Properties Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 117 Station Road, Impington, Cambridge, CB24 9NP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of investment properties measured at fair value through profit and loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents rents received and receivable for the period.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets, other than investment properties, are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Investment properties Investment properties are initially recorded at cost and subsequently recorded at their open market value. The surplus or deficit arising from the revaluations is recognised in the Statement of Comprehensive Income and separately transferred to a revaluation reserve.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures & Fittings	-	20% straight line

Investment properties are not depreciated.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Tangible assets

	Freehold investment property	Long leasehold investment property	Fixtures and fittings	Total
	£	£	£	£
Cost or valuation
At 1 January 2024	11,006,369	1,144,213	40,130	12,190,712
Additions	48,011	–	–	48,011
Revaluations	461,499	50,346	–	511,845
	-------------	------------	--------	-------------
At 31 December 2024	11,515,879	1,194,559	40,130	12,750,568
	-------------	------------	--------	-------------
Depreciation
At 1 January 2024 and 31 December 2024	–	–	40,130	40,130
	-------------	------------	--------	-------------
Carrying amount
At 31 December 2024	11,515,879	1,194,559	–	12,710,438
	-------------	------------	--------	-------------
At 31 December 2023	11,006,369	1,144,213	–	12,150,582
	-------------	------------	--------	-------------

The historical costs of freehold and long leasehold investment properties are £8,500,211 (2023: £8,452,200). During the year ended 31 December 2022 the company's freehold and long leasehold properties were revalued by a firm of chartered surveyors for lending purposes. The directors have reflected the uplift in these valuations to 31 December 2024 based on the movement in the UK House Price Index, published by HM Land Registry, for the East of England between the date of valuation and 31 December 2024. This index is based upon transactions as recorded at Land Registry and is thus considered to give a reasonable approximation to current values. The directors do not hold any formal qualifications as valuers. Included in freehold investment property above are properties with a value of £2,195,130 (2023: £2,102,615) which are owned by a partnership which is fully controlled by the company, reflecting the substance of the transaction rather than legal form.

6. Debtors

	2024	2023
	£	£
Trade debtors	1,015	19,539
Other debtors	146,853	146,492
	---------	---------
	147,868	166,031
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	–	3,450
Social security and other taxes	15,127	10,968
Other creditors	91,415	92,805
	---------	---------
	106,542	107,223
	---------	---------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans	3,576,500	3,576,500
Other creditors	4,377,027	4,498,553
	------------	------------
	7,953,527	8,075,053
	------------	------------

In respect of bank loans stated above the company has given security in the form of a fixed and floating charge over the assets of the company.

9. Related party transactions

During the year the company continued to operate a loan account with the directors. As at the balance sheet date the company owed the directors £3,093,687 (2023: £3,215,213) which is due for repayment in more than one year from the balance sheet date. Loans from the directors' family members remained outstanding during the year. There were no significant movements in these loan balances during the current or previous year and as at the balance sheet date the company owed the directors' family members £27,679 (2023: £26,361) which is due for repayment within one year from the balance sheet date. No repayments were made in the current or previous year. Interest of £1,318 (2023: £1,255) has been charged on these balances. A loan balance from Waterbeach Instruments Limited of £895,500 (2023: £895,500) remains outstanding as at the balance sheet date. This company is considered a related party as the directors are also directors of Waterbeach Instruments Limited. No interest has been charged on the loan and no amounts written off. A loan balance from Satchell Properties Limited of £403,340 (2023: £403,340) remains outstanding as at the balance sheet date. This company is considered a related party as the directors are also directors of Satchell Properties Limited. No interest has been charged on the loan and no amounts written off. A loan balance to IM Med Limited of £140,000 (2023: £140,000) remains outstanding as at the balance sheet date. This company is considered a related party as one of the directors is also a director of IM Med Limited.