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Company Registration No. 11041878 (England and Wales)
PN Property Ltd Unaudited accounts for the year ended 31 March 2025
PN Property Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PN Property Ltd Company Information for the year ended 31 March 2025
Directors
Paul Andrew FENTON Natalia FENTON
Company Number
11041878 (England and Wales)
Registered Office
WINTON HOUSE WINTON SQUARE BASINGSTOKE HAMPSHIRE RG21 8EN United Kingdom
Accountants
Cranleys Chartered Accountants Winton House Winton Square Basingstoke Hampshire RG21 8EN
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PN Property Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
8,303,916
8,418,777
Current assets
Debtors
5
365,699
126,783
Cash at bank and in hand
67,877
331,089
433,576
457,872
Creditors: amounts falling due within one year
6
(7,138,244)
(7,450,387)
Net current liabilities
(6,704,668)
(6,992,515)
Net assets
1,599,248
1,426,262
Capital and reserves
Called up share capital
101
101
Revaluation reserve
343,541
434,988
Profit and loss account
1,255,606
991,173
Shareholders' funds
1,599,248
1,426,262
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 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 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 of Directors and authorised for issue on 5 December 2025 and were signed on its behalf by
Paul Andrew FENTON Director Company Registration No. 11041878
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PN Property Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
PN Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 11041878. The registered office is WINTON HOUSE, WINTON SQUARE, BASINGSTOKE, HAMPSHIRE, RG21 8EN, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
None
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PN Property Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
8,395,363
55,500
8,450,863
Revaluations
(91,447)
-
(91,447)
Disposals
-
(55,500)
(55,500)
At 31 March 2025
8,303,916
-
8,303,916
Depreciation
At 1 April 2024
-
32,086
32,086
On disposals
-
(32,086)
(32,086)
At 31 March 2025
-
-
-
Net book value
At 31 March 2025
8,303,916
-
8,303,916
At 31 March 2024
8,395,363
23,414
8,418,777
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
365,699
126,783
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
3,078,528
3,109,734
Trade creditors
49,394
47,139
Taxes and social security
87,222
92,711
Loans from directors
3,918,348
4,198,451
Accruals
4,752
2,352
7,138,244
7,450,387
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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