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Company Registration No. 11560196 (England and Wales)
PGThree Properties Ltd Unaudited accounts for the year ended 31 March 2025
PGThree Properties Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PGThree Properties Ltd Company Information for the year ended 31 March 2025
Director
Mr Peter Anthony Gill
Company Number
11560196 (England and Wales)
Registered Office
19 Stareton Close Coventry CV4 7AU United Kingdom
Accountants
Virtue Accounting Limited 53 Warwick Street Coventry CV5 6ET
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PGThree Properties Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
438,126
438,126
Current assets
Cash at bank and in hand
206
15,341
Creditors: amounts falling due within one year
(115,706)
(111,836)
Net current liabilities
(115,500)
(96,495)
Total assets less current liabilities
322,626
341,631
Creditors: amounts falling due after more than one year
(354,768)
(354,768)
Net liabilities
(32,142)
(13,137)
Capital and reserves
Called up share capital
4
10
10
Profit and loss account
(32,152)
(13,147)
Shareholders' funds
(32,142)
(13,137)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 October 2025 and were signed on its behalf by
Mr Peter Anthony Gill Director Company Registration No. 11560196
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PGThree Properties Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
PGThree Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11560196. The registered office is 19 Stareton Close, Coventry, CV4 7AU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
5
Loans to directors
Movements on directors' loan accounts represent timing differences between amounts owed, and payments made, to directors in respect of expenses, remuneration and dividends. At the reporting date the amount owed by the company to Mr Gill was £115,646, a movement of £3,870 from the £111,776 owed by the company at the beginning of the period. No interest is charged on balances and no guarantees have been provided by either the company or the directors.
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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