Preston Group Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04904945

Preston Group Limited

Filleted Unaudited Financial Statements

31 March 2025

Preston Group Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Investments	4		400,000	400,300

Current assets

Debtors	5	5,660	4,296
Cash at bank and in hand		200	–
		-------	-------
		5,860	4,296

Creditors: amounts falling due within one year	6	305,927		304,663
		---------		---------
Net current liabilities			300,067	300,367
			---------	---------
Total assets less current liabilities			99,933	99,933
			--------	--------

Preston Group Limited

Statement of Financial Position (continued)

31 March 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	102	102
Profit and loss account	99,831	99,831
	--------	--------
Shareholders funds	99,933	99,933
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 17 December 2025 , and are signed on behalf of the board by:

D Preston	L Preston
Director	Director

Company registration number: 04904945

Preston Group Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Greengate, Cardale Park, Harrogate, HG3 1GY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Employee ownership trust

Preston Employee Ownership Trust has been established with the object of ensuring that shares in the company are held for the benefit of the company's employees and that the eligible employees shall have an interest in the company's business.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2024	400,300
Disposals	( 300)
	---------
At 31 March 2025	400,000
	---------
Impairment
At 1 April 2024 and 31 March 2025	–
	---------

Carrying amount
At 31 March 2025	400,000
	---------
At 31 March 2024	400,300
	---------

5. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	–	1,900
Other debtors	5,660	2,396
	-------	-------
	5,660	4,296
	-------	-------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	100
Amounts owed to group undertakings and undertakings in which the company has a participating interest	305,927	304,563
	---------	---------
	305,927	304,663
	---------	---------

7. Directors' advances, credits and guarantees

During the year the directors made advances of £2,236 and repayments of £nil to the company.

8. Related party transactions

No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102.

9. Controlling party

The company is controlled by Preston Trustees Limited, being the trustee of the Preston Employee Ownership Trust.