Pickwick Estates Limited - Filleted accounts

Registered number

03751552

Pickwick Estates Limited

Unaudited Filleted Accounts

30 April 2025

Pickwick Estates Limited
Report and accounts
Contents




Page

Company information	1
Directors' report	2
Chartered Accountants' report	3
Balance sheet	4
Notes to the accounts	5

Pickwick Estates Limited

Company Information

Directors

G L Randall

D J Randall

M D Wilkinson

Secretary

M D Wilkinson

Accountants

Cochrane & Co Accountants Limited

38 Kings Road

Lee-on-the-Solent

Hampshire

PO13 9NU

Bankers

Handelsbanken

3 Carlton Crescent

Southampton

SO15 2EY

Registered office

Liberty House

Brook Avenue

Warsash

Southampton

SO31 9HP

Registered number

03751552

Pickwick Estates Limited
Registered number:		03751552
Directors' Report

The directors present their report and accounts for the year ended 30 April 2025.

Principal activities
The company's principal activity during the year continued to be that of the provision of letting, operating of owned or leased real estate, letting commercial properties and property development.

Directors
The following persons served as directors during the year:

	G L Randall
	D J Randall
	M D Wilkinson

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 24 November 2025 and signed on its behalf.





D J Randall
Director

Pickwick Estates Limited

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Pickwick Estates Limited for the year ended 30 April 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pickwick Estates Limited for the year ended 30 April 2025 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.

Cochrane & Co Accountants Limited
Chartered Accountants
38 Kings Road
Lee-on-the-Solent
Hampshire
PO13 9NU

29 November 2025

Pickwick Estates Limited
Registered number:		03751552
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		5,406,937			6,386,764
Investments	4		1			2,654
			5,406,938			6,389,418

Current assets
Stocks		235,710			-
Debtors	5	653,107			322,415
Investments held as current assets	8	127,894			3,342
Cash at bank and in hand		97,087			306,956
		1,113,798			632,713

Creditors: amounts falling due within one year	7	(967,258)			(981,578)

Net current assets/(liabilities)			146,540			(348,865)

Total assets less current liabilities			5,553,478			6,040,553

Creditors: amounts falling due after more than one year	8		(1,475,330)			(2,000,000)

Provisions for liabilities			(53,130)			(71,232)


Net assets			4,025,018			3,969,321

Capital and reserves
Called up share capital			3,342			2,500
Share premium			251,758			-
Capital redemption reserve			2,500			2,500
Revaluation reserve	10		358,884			400,064
Profit and loss account			3,408,534			3,564,257

Shareholders' funds			4,025,018			3,969,321

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

D J Randall
Director
Approved by the board on 24 November 2025

Pickwick Estates Limited
Notes to the Accounts
for the year ended 30 April 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Group accounts
	The financial statements represent the results of Pickwick Estates Limited. The company and it's subsidiary undertaking comprise a small sized group and have taken advantage of the exemptions under the Companies Act 2006, not to prepare group accounts.

	Turnover and other income
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of properties. Rental income and service charges represent rental, insurance and service charge income receivable, net of value added tax and service charges and insurance paid. Interest income is recognised using an effective interest method and dividend income is recognised as the company's right to receive payment is established.

	Intangible fixed assets - goodwill
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. The appropriate period chosen for writing off goodwill, by the directors, was 10 years at the point of acquistion.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles			25% straight line
	Fixtures, fittings, tools and equipment			25% reducing balance
	Computers			3 years straight line

	Investment properties
	Investment properties are measured at fair value at each reporting date with changes in fair value recognised in the profit and loss. The methods and significant assumptions used to ascertain the fair value of £5,286,146 and fair value movement of -£108,000 included in the profit and loss for the year are as follows; The properties were professionally valued by the directors with assistance from specialists at 30 April 2025. The properties are valued every 3 years by Handlesbanken.

	Investments
	Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit and loss if the shares are publically traded or their fair value can be measured reliably. Other investments, which are investments in subsidiaries and joint ventures and art work, are measured at cost less impairment. The methods and significant assumptions used to ascertain the fair value of £127,894 and fair value movement of £5,063 included in the profit and loss for the year are as follows; Market value as provided by the broker.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.



2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					4		4


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 May 2024	6,325,000		39,259		64,495		6,428,754
	Additions	769,146		395		77,907		847,448
	Revaluation	(137,146)		-		-		(137,146)
	Disposals	(1,670,854)		-		-		(1,670,854)
	At 30 April 2025	5,286,146		39,654		142,402		5,468,202

	Depreciation
	At 1 May 2024	-		37,053		4,937		41,990
	Charge for the year	-		1,184		18,091		19,275
	At 30 April 2025	-		38,237		23,028		61,265

	Net book value
	At 30 April 2025	5,286,146		1,417		119,374		5,406,937
	At 30 April 2024	6,325,000		2,206		59,558		6,386,764


	Freehold land and buildings:					2025		2024
£							£
	Historical cost					4,644,725		5,364,993
	Cumulative depreciation based on historical cost					-		-
						4,644,725		5,364,993

	Investment properties are revalued annually by the directors. The basis of valuation is outlined in the accounting policies.


4	Investments
Investments in
subsidiary					Other
undertakings					investments		Total
and joint
ventures
£					£		£
	Cost
	At 1 May 2024			3		2,651		2,654
	Disposals			(2)		(2,651)		(2,653)

	At 30 April 2025			1		-		1


5	Debtors					2025		2024
£							£

	Other debtors					653,107		322,415

6	Investments held as current assets
						2025		2024
£							£
	Fair value
	Listed investments					127,894		3,342
	Unlisted investments					-		-
						127,894		3,342

	Increase/(decrease) in fair value included in the profit and loss account for the financial year
	Listed investments					5,063		(1,586)
	Unlisted investments					-		-
						5,063		(1,586)

7	Creditors: amounts falling due within one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					18,987		-
	Trade creditors					(2,829)		4,614
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					-		4,073
	Other taxes and social security costs					6,980		13,012
	Other creditors					944,120		959,879
						967,258		981,578


8	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					1,420,000		2,000,000
	Obligations under finance lease and hire purchase contracts					55,330		-
						1,475,330		2,000,000


9	Loans					2025		2024
£							£
	Creditors include:

	Secured bank loans					1,420,000		2,000,000

	The bank holds security over the company's properties.


10	Revaluation reserve					2025		2024
£							£

	At 1 May 2024					400,064		400,064
	Transfer of realised gains					(41,180)		-

	At 30 April 2025					358,884		400,064


11	Issue of shares

	During the year the company issued 842 £1 A Ordinary shares for £300 per shares, the shares were acquired by G L Randall.


12	Related party transactions

	Amounts due to directors and their associates at the year end 30.4.25 were £706,030 (2024 £724,500). Interest was paid of £24,853 (2024 £55,123). The company was also due amounts from companies and partnerships in which the directors have an interest £378,703 (2024 £156,743). Interest was received of £35,527 (2024 £15,962). At the year Mr G L Randall purchased the paintings from the company for £3,000, the amount is included in other debtors.

13	Controlling party

	The company is controlled by the Gregory Randall discretionary trust and Joy Randall discretionary trust, in equal proportions by virtue of the shareholdings.


14	Other information

	Pickwick Estates Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Liberty House
	Brook Avenue
	Warsash
	Southampton
	SO31 9HP

	The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.