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Company registration number: 12602766
PCG Investment Properties Limited
Unaudited filleted financial statements
31 March 2025
PCG Investment Properties Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
PCG Investment Properties Limited
Directors and other information
Director Paul Griffin
Company number 12602766
Registered office Units 6-7 Thurrock Commercial Park
Juliette Way
Purfleet
Essex
RM15 4YA
Accountants Pollock Taylor Ltd
Chartered Certified Accountants
Units 6-7, Thurrock Commercial Park
Juliette Way
Purfleet
Essex
RM15 4YA
PCG Investment Properties Limited
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 6 2,476 3,095
Investments 7 1,271,370 660,000
_______ _______
1,273,846 663,095
Current assets
Debtors 8 100 240
Cash at bank and in hand 16,274 14,606
_______ _______
16,374 14,846
Creditors: amounts falling due
within one year 9 ( 509,426) ( 250,141)
_______ _______
Net current liabilities ( 493,052) ( 235,295)
_______ _______
Total assets less current liabilities 780,794 427,800
Creditors: amounts falling due
after more than one year 10 ( 771,795) ( 430,495)
Provisions for liabilities ( 470) -
_______ _______
Net assets/(liabilities) 8,529 ( 2,695)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 8,429 ( 2,795)
_______ _______
Shareholders funds/(deficit) 8,529 ( 2,695)
_______ _______
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.
Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These financial statements were approved by the board of directors and authorised for issue on 27 December 2025 , and are signed on behalf of the board by:
Paul Griffin
Director
Company registration number: 12602766
PCG Investment Properties 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 & Wa'les. The address of the registered office is Units 6-7 Thurrock Commercial Park, Juliette Way, Purfleet, Essex, RM15 4YA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Tax on profit/loss
Major components of tax expense/income
2025 2024
£ £
Current tax:
UK current tax expense 2,888 -
Adjustments in respect of previous periods - ( 140)
_______ _______
Deferred tax:
Origination and reversal of timing differences 470 -
_______ _______
Tax on profit/loss 3,358 ( 140)
_______ _______
6. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2024 and 31 March 2025 7,738 7,738
_______ _______
Depreciation
At 1 April 2024 4,643 4,643
Charge for the year 619 619
_______ _______
At 31 March 2025 5,262 5,262
_______ _______
Carrying amount
At 31 March 2025 2,476 2,476
_______ _______
At 31 March 2024 3,095 3,095
_______ _______
7. Investments
Other investments other than loans Total
£ £
Cost
At 1 April 2024 660,000 660,000
Additions 611,370 611,370
_______ _______
At 31 March 2025 1,271,370 1,271,370
_______ _______
Impairment
At 1 April 2024 and 31 March 2025 - -
_______ _______
Carrying amount
At 31 March 2025 1,271,370 1,271,370
_______ _______
At 31 March 2024 660,000 660,000
_______ _______
8. Debtors
2025 2024
£ £
Other debtors 100 240
_______ _______
9. Creditors: amounts falling due within one year
2025 2024
£ £
Corporation tax 2,748 574
Other creditors 506,678 249,567
_______ _______
509,426 250,141
_______ _______
10. Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans and overdrafts 771,795 430,495
_______ _______