Registration number: 01414170

Pispwich Limited

Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	360,500	360,500
Current assets
Debtors	5	-	18,298
Cash at bank and in hand		38,372	14,984
		38,372	33,282
Creditors: Amounts falling due within one year	6	(12,443)	(23,705)
Net current assets		25,929	9,577
Total assets less current liabilities		386,429	370,077
Provisions for liabilities		(55,115)	(55,115)
Net assets		331,314	314,962
Capital and reserves
Called up share capital		27,602	27,602
Retained earnings		303,712	287,360
Shareholders' funds		331,314	314,962

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Pispwich Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Pispwich Limited

Statement of Financial Position as at 31 March 2025

Approved and authorised by the Board on 6 November 2025 and signed on its behalf by:
 

.........................................

Dr JM Hobson

Director

Company registration number: 01414170

Pispwich Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
1st Floor
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of property investment in residential garages.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Going concern

The company made a profit for the year ended 31 March 2025 and had net assets at that date amounting to £331,314.

Subsequent to 31 March 2025 the investment properties remain fully let and rental income continues to be received as due.

Having made enquiries the directors have reasonable expectation that the company has adequate resources to remain in operational existence for the foreseeable future. Accordingly, the directors continue to prepare the financial statements on the going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of rental income in the ordinary course of the company's activities.

The company recognises revenue evenly over the period of the respective leases.

Pispwich Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company during the year was 0 (2024 - 0).

4	Investment properties

	2025 £
Fair value
At 1 April 2024 and 31 March 2025	360,500

The investment properties are included at fair value as estimated by the directors at 31 March 2025 at an amount of £360,500.
 

Pispwich Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Debtors

	2025 £	2024 £
Trade debtors	-	14,728
Other debtors	-	3,570
	-	18,298

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Trade creditors	8,815	8,815
Taxation and social security	-	11,881
Accruals and deferred income	3,000	3,000
Other creditors	628	9
	12,443	23,705