Pillars Properties Limited

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 13712351

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		1,502,202		890,377

			1,502,202		890,377
CURRENT ASSETS
Debtors	5	400		1,050
Cash at bank and in hand		29,217		4,932

		29,617		5,982
Creditors: Amounts Falling Due Within One Year	6	(565,188 )		(278,923 )

NET CURRENT ASSETS (LIABILITIES)			(535,571 )		(272,941 )

TOTAL ASSETS LESS CURRENT LIABILITIES			966,631		617,436

Creditors: Amounts Falling Due After More Than One Year	7		(966,635 )		(622,948 )

NET LIABILITIES			(4 )		(5,512 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(104 )		(5,612 )

SHAREHOLDERS' FUNDS			(4)		(5,512)

Page 1

Page 2

Pillars Properties Limited

Balance Sheet (continued)

As At 31 October 2024

For the year ending 31 October 2024 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David Gilbert

Director

13 October 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Pillars Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13712351 . The registered office is Unit 3d Guildford Road Industrial Estate, Hayle, TR27 4QZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Investment Property

	2024
	£
Fair Value
As at 1 November 2023	890,377
Additions	611,825

As at 31 October 2024	1,502,202

5. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	400	1,050

	400	1,050

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	-	1
Corporation tax	111	111
Accruals and deferred income	2,260	1,000
Directors' loan accounts	218,479	21,347
Amounts owed to group undertakings	344,338	256,464

	565,188	278,923

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	966,635	622,948

	966,635	622,948

Page 3

Page 4

Pillars Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100