Company registration number 08125816 (England and Wales)
PC & GC ASSOCIATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
PC & GC ASSOCIATES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
PC & GC ASSOCIATES LIMITED
BALANCE SHEET
AS AT 31 JULY 2025
31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
140,000
140,000
Current assets
Debtors
4
45,000
45,267
Cash at bank and in hand
22,075
17,522
67,075
62,789
Creditors: amounts falling due within one year
5
(2,389)
(2,333)
Net current assets
64,686
60,456
Total assets less current liabilities
204,686
200,456
Provisions for liabilities
(5,096)
(5,096)
Net assets
199,590
195,360
Capital and reserves
Called up share capital
4
4
Revaluation reserve
6
21,724
21,724
Profit and loss reserves
177,862
173,632
Total equity
199,590
195,360

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 5 September 2025 and are signed on its behalf by:
..............................................
..............................................
Mr Paul Cole
Ms Geraldine Cronin
Director
Director
Company registration number 08125816 (England and Wales)
PC & GC ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 2 -
1
Accounting policies
Company information

PC & GC Associates Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor, 27 Shirwell Crescent, Furzton Lake, MILTON KEYNES, Buckinghamshire, England, MK4 1GA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
-
0
-
0
PC & GC ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 3 -
3
Investment property
2025
£
Fair value
At 1 August 2024 and 31 July 2025
140,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31st July 2025, by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
45,000
45,267
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
1,227
1,193
Other creditors
1,162
1,140
2,389
2,333
6
Revaluation reserve
2025
2024
£
£
At the beginning and end of the year
21,724
21,724
2025-07-31 2024-08-01 false false false CCH Software CCH Accounts Production 2025.100 No description of principal activity Mr Paul Cole Ms Geraldine Cronin 08125816 2024-08-01 2025-07-31 08125816 2025-07-31 08125816 2024-07-31 08125816 core:ShareCapital 2025-07-31 08125816 core:ShareCapital 2024-07-31 08125816 core:RevaluationReserve 2025-07-31 08125816 core:RevaluationReserve 2024-07-31 08125816 core:RetainedEarningsAccumulatedLosses 2025-07-31 08125816 core:RetainedEarningsAccumulatedLosses 2024-07-31 08125816 bus:Director1 2024-08-01 2025-07-31 08125816 bus:Director2 2024-08-01 2025-07-31 08125816 2023-08-01 2024-07-31 08125816 2024-07-31 08125816 core:WithinOneYear 2025-07-31 08125816 core:WithinOneYear 2024-07-31 08125816 core:CurrentFinancialInstruments 2025-07-31 08125816 core:CurrentFinancialInstruments 2024-07-31 08125816 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 08125816 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 08125816 bus:FRS102 2024-08-01 2025-07-31 08125816 bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 08125816 bus:FullAccounts 2024-08-01 2025-07-31 xbrli:pure xbrli:shares iso4217:GBP