REGISTERED NUMBER: 06755110 (England and Wales)

Preston Commercial Investments Limited

Unaudited Financial Statements For The Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J M Brouwer

R E Brouwer

A E Morris

B Morris

REGISTERED OFFICE:

The Water Tower, J3 Business Park

Carr Hill

Balby

Doncaster

DN4 8DE

REGISTERED NUMBER:

06755110 (England and Wales)

ACCOUNTANTS:

Kingswood Allotts Limited

Chartered Accountants

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

FIXED ASSETS

Tangible assets

4

7,521

9,150

Investment property

5

1,100,000

1,100,000

1,107,521

1,109,150

CURRENT ASSETS

Debtors

6

5,667

7,196

Cash at bank

35,649

48

41,316

7,244

CREDITORS

Amounts falling due within one year

7

467,609

464,535

NET CURRENT LIABILITIES

(426,293

)

(457,291

)

TOTAL ASSETS LESS CURRENT LIABILITIES

681,228

651,859

CREDITORS

Amounts falling due after more than one year

8

(198,695

)

(203,830

)

PROVISIONS FOR LIABILITIES

(109,809

)

(109,497

)

NET ASSETS

372,724

338,532

CAPITAL AND RESERVES

Called up share capital

9

100

100

Revaluation reserve

10

339,112

339,112

Retained earnings

33,512

(680

)

SHAREHOLDERS' FUNDS

372,724

338,532

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2025 and were signed on its behalf by:

J M Brouwer - Director

1.	STATUTORY INFORMATION

Preston Commercial Investments 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.

The financial statements are presented in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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.

Turnover

Turnover represents rents and insurance recharges, excluding value added tax.

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

-

15% on cost

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. In the directors opinion the existing property has a value equivalent to its revaluation in 2020 and the directors consider this has not changed. The property acquired in 2022 has a value equivalent to its valuation in 2023 and the directors consider this has not changed.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

19,808

DEPRECIATION

At 1 April 2024

10,658

Charge for year

1,629

At 31 March 2025

12,287

NET BOOK VALUE

At 31 March 2025

7,521

At 31 March 2024

9,150

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,100,000

NET BOOK VALUE

At 31 March 2025

1,100,000

At 31 March 2024

1,100,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

1,100,000

1,100,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

653,584

653,584

Investment property was valued on an open market basis on 31 March 2025 by the directors.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

738

-

Other debtors

2,090

4,358

Prepayments

2,839

2,838

5,667

7,196

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,135

4,007

Trade creditors

3,581

4,783

Taxation

2,823

-

Social security and other taxes

2,502

2,177

Other creditors

452,443

452,443

Accruals and deferred income

1,125

1,125

467,609

464,535

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

198,695

203,830

Loans due >1yr are repayable annually until 2042, are subject to interest at 10% and are secured against the investment property of the company by way of fixed and floating charges.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

339,112

11.	RELATED PARTY DISCLOSURES