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Company Registration No. 09515672 (England and Wales)
Precision Homes & Properties Ltd Unaudited accounts for the year ended 31 March 2025
Precision Homes & Properties Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Precision Homes & Properties Ltd Company Information for the year ended 31 March 2025
Director
V F Hernandez Franco
Company Number
09515672 (England and Wales)
Registered Office
86 Elm Road London E11 4DW
Accountants
Capital Accounting Solutions 277-279 Bethnal Green Road London E2 6AH
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Precision Homes & Properties Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
465,428
465,428
Current assets
Debtors
5,310
5,310
Cash at bank and in hand
38,392
19,959
43,702
25,269
Creditors: amounts falling due within one year
(59,138)
(60,248)
Net current liabilities
(15,436)
(34,979)
Total assets less current liabilities
449,992
430,449
Creditors: amounts falling due after more than one year
(385,650)
(385,650)
Net assets
64,342
44,799
Capital and reserves
Called up share capital
100
100
Profit and loss account
64,242
44,699
Shareholders' funds
64,342
44,799
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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 24 November 2025 and were signed on its behalf by
V F Hernandez Franco Director Company Registration No. 09515672
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Precision Homes & Properties Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Precision Homes & Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 09515672. The registered office is 86 Elm Road, London, E11 4DW.
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
These financial statements for the year ended 31 March 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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:
Fixtures & fittings
25% Straight Line
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 April 2024
471,450
At 31 March 2025
471,450
Depreciation
At 1 April 2024
6,022
At 31 March 2025
6,022
Net book value
At 31 March 2025
465,428
At 31 March 2024
465,428
5
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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