PECODA INVESTMENTS LIMITED


Directors	LUTTON, Samuel James
	WILLIAMS, Thomas David


Registered Address	Adlink House, C/O A M Wyatt & Co Ltd 86 The Highway
	Hawarden
	Deeside
	CH5 3DJ


Registered Number	08780421 (England and Wales)

Balance Sheet as at
30 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		11,749		20,534
Investments	5		10,001		1
Investment property	4		2,923,000		2,773,000
			2,944,750		2,793,535
Current assets
Stocks	6	-		376,122
Debtors		27,035		487,267
Cash at bank and on hand		1,682,569		149,942
		1,709,604		1,013,331
Creditors amounts falling due within one year	7	(2,823,044)		(2,090,627)
Net current assets (liabilities)			(1,113,440)		(1,077,296)
Total assets less current liabilities			1,831,310		1,716,239
Provisions for liabilities	8		(2,938)		(6,641)
Net assets			1,828,372		1,709,598
Capital and reserves
Called up share capital			300		300
Other reserves			(363,143)		(363,143)
Profit and loss account			2,191,215		2,072,441
Shareholders' funds			1,828,372		1,709,598

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 24 September 2025, and are signed on its behalf by:

LUTTON, Samuel James
Director
Registered Company No. 08780421

PECODA INVESTMENTS LIMITED

Notes to the Financial Statements
for the year ended 30 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention, modified to include investment properties at fair value.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover represents rents receivable from tenanted properties, net of value added tax.

	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.

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.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	10

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Investment property
	Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Plant & machinery	Total
	£	£
Cost or valuation
At 31 March 24	87,846	87,846
At 30 March 25	87,846	87,846
Depreciation and impairment
At 31 March 24	67,312	67,312
Charge for year	8,785	8,785
At 30 March 25	76,097	76,097
Net book value
At 30 March 25	11,749	11,749
At 30 March 24	20,534	20,534

4.	Investment property
	Investment property comprises commercial properties. The fair value of the company's investment property at 30 March 2025 has been arrived at on the basis of a valuation carried out at that date by Legat Owen Ltd, Chartered Surveyors, on an open market value basis. Legat Owen are a connected company by way of directors in common. The valuation was arrived at by reference to market evidence of transaction prices for similar properties. If the investment properties were stated on a historical cost basis rather than fair value basis, the amounts would have been included as Cost £3,273,775 (2024 - £3,123,775) & Accumulated depreciation £Nil (2024 - £Nil).

Investment property

Investment property comprises commercial properties.  The fair value of the company's investment property at 30 March 2025 has been arrived at on the basis of a valuation carried out at that date by Legat Owen Ltd, Chartered Surveyors, on an open market value basis.  Legat Owen are a connected company by way of directors in common.  The valuation was arrived at by reference to market evidence of transaction prices for similar properties.

If the investment properties were stated on a historical cost basis rather than fair value basis, the amounts would have been included as Cost £3,273,775 (2024 - £3,123,775) & Accumulated depreciation £Nil (2024 - £Nil).


		£
	Fair value at 31 March 24	2,773,000
	Additions	150,000
	At 30 March 25	2,923,000

5.	Fixed asset investments

	Investments in groups¹	Other investments²	Total
	£	£	£
Cost or valuation
At 31 March 24	1	-	1
Additions	-	10,000	10,000
At 30 March 25	1	10,000	10,001
Net book value
At 30 March 25	1	10,000	10,001
At 30 March 24	1	-	1

	Notes
	¹Investments in group undertakings and participating interests ²Other investments other than loans

6.	Stocks

	2025	2024
	£	£
Other stocks	-	376,122
Total	-	376,122

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	578	1,827
Bank borrowings and overdrafts	-	1
Taxation and social security	89,308	90,135
Other creditors	2,680,198	1,940,228
Accrued liabilities and deferred income	52,960	58,436
Total	2,823,044	2,090,627


	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.

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	2,938	6,641
Total	2,938	6,641

9.	Related party transactions
	At the balance sheet date the company owed £2,447,257 (2024 - £1,918,457) to company's under common control. At the balance sheet date the company owed money to a connected party for £230,969 (2024 - £20,000).