PIC Ventures Limited - Filleted accounts

Registered number

08970197

PIC Ventures Limited

Filleted Accounts

31 March 2025

PIC Ventures Limited
Registered number:		08970197
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Investments	3		3,172,966			3,172,966

Current assets
Debtors	4	772,901			817,306
Cash at bank and in hand		4,141,642			3,642,177
		4,914,543			4,459,483

Creditors: amounts falling due within one year	5	(6,016,618)			(5,719,103)

Net current liabilities			(1,102,075)			(1,259,620)

Net assets			2,070,891			1,913,346

Capital and reserves
Called up share capital			10			10
Profit and loss account			2,070,881			1,913,336

Shareholders' funds			2,070,891			1,913,346

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.




J T Marshall
Director
Approved by the board on 16 December 2025

PIC Ventures Limited
Notes to the Accounts
for the year ended 31 March 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). The group which the company heads qualifies as a small group under the Companies Act 2006 and so it has taken advantage of the exemption not to prepare consolidated accounts.
	The directors have considered the various risks and uncertainties that could impact on the performance of the company and its subsidiary. After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

	Investments
	The investments are shares in its subsidiary companies and have been included at cost.

	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.

	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.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	0		0


3	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 April 2024			3,172,966

	At 31 March 2025			3,172,966


4	Debtors	2025		2024
£			£

	Other debtors	772,901		817,306


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

	Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,970,000		2,000,000
	Taxation and social security costs	42,526		-
	Other creditors	4,004,092		3,719,103
		6,016,618		5,719,103


6	Presentational currency

	The financial statements are presented in Sterling. Previously the accounts were presented in Euros and the comparatives have been adjusted to Sterling to reflect this change. The directors are of the opinion that this presentation of the accounts more fairly reflects the operations of the group.


7	Controlling party

	The controlling party is the directors by virtue of their 100% shareholding.


8	Other information

	PIC Ventures Limited is a private company limited by shares and incorporated in England. Its registered office is:
	9 Bonhill Street
	London
	EC2A 4DJ