Picbray Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 5

Picbray Limited

Balance Sheet

30 June 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	1,140,806	1,100,000
Current assets
Debtors	5	3,231	10,453
Cash at bank and in hand		2,279	14,168
		5,510	24,621
Creditors: Amounts falling due within one year	6	(22,880)	(23,579)
Net current (liabilities)/assets		(17,370)	1,042
Total assets less current liabilities		1,123,436	1,101,042
Provisions for liabilities		(85,406)	(85,406)
Net assets		1,038,030	1,015,636
Capital and reserves
Called up share capital		100	100
Profit and loss account		1,037,930	1,015,536
Shareholders' funds		1,038,030	1,015,636

Picbray Limited

Balance Sheet

30 June 2025

For the financial year ending 30 June 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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 4 December 2025 and signed on its behalf by:
 

......................................... Mr D H Lesser Director

Company Registration Number: 01428674

Picbray Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 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:
Towngate House
2-8 Parkstone Road
Poole
Dorset
BH15 2PW

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£).

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate reviewed annually by the directors. The directors 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.

Picbray Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2025

Financial instruments
 

Classification
The company holds the following financial instruments:

• Short term trade and other debtors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4	Investment properties

	2025 £
At 1 July 2024	1,100,000
Additions	40,806
At 30 June 2025	1,140,806