REGISTERED NUMBER: 04390497 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

GREAT PICTON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Mendes da Costa

Mrs M W Mendes da Costa

SECRETARY:

Mrs M W Mendes da Costa

REGISTERED OFFICE:

112 Ifield Road

London

London

SW10 9AF

REGISTERED NUMBER:

04390497 (England and Wales)

ACCOUNTANTS:

C Jezierski Associates

Chartered Certified Accountants

and Statutory Auditors

43 Chiswick Lane

London

W4 2LR

CURRENT ASSETS

Debtors

4

200,844

210,844

Investments

5

711,497

736,973

Cash at bank

7,575

14,528

919,916

962,345

CREDITORS

Amounts falling due within one year

6

40,140

6,626

NET CURRENT ASSETS

879,776

955,719

TOTAL ASSETS LESS CURRENT LIABILITIES

879,776

955,719

CREDITORS

Amounts falling due after more than one year

7

(312,587

)

(408,587

)

PROVISIONS FOR LIABILITIES

(39,942

)

(39,942

)

NET ASSETS

527,247

507,190

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

8

122,280

146,381

Retained earnings

404,965

360,807

527,247

507,190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

P Mendes da Costa - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

200,844

210,844

5.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Listed investments

711,497

736,973

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

33,514

-

Taxation and social security

(3

)

(3

)

Other creditors

6,629

6,629

40,140

6,626

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

312,587

408,587

8.

RESERVES

Fair

value

reserve

£

At 1 April 2024

146,381

Fair value adjustment

(24,101

)

At 31 March 2025

122,280

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

P Mendes da Costa and Mrs M W Mendes da Costa

Balance outstanding at start of year

101,500

101,500

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

101,500

10.	RELATED PARTY DISCLOSURES

The balance owed to Tonbridge Investments Limited was £312,587. Tonbridge Investments Limited is also owned and controlled by Mr and Mrs Mendes da Costa.