PCL Property Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05743158 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PCL PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

R J Maguire

SECRETARY:

Mrs S Maguire

REGISTERED OFFICE:

Maples

13 Heatherwood

Midhurst

West Sussex

GU29 9LH

REGISTERED NUMBER:

05743158 (England and Wales)

ACCOUNTANTS:

Richard Small & Co

24 Central Precinct

Winchester Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2GA

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

604,301

969,869

604,301

969,869

CURRENT ASSETS

Debtors

6

500

-

Cash at bank

301,675

17,642

302,175

17,642

CREDITORS

Amounts falling due within one year

7

80,041

208,105

NET CURRENT ASSETS/(LIABILITIES)

222,134

(190,463

)

TOTAL ASSETS LESS CURRENT

LIABILITIES

826,435

779,406

CREDITORS

Amounts falling due after more than one

year

8

273,995

380,844

NET ASSETS

552,440

398,562

CAPITAL AND RESERVES

Called up share capital

10

Retained earnings

552,430

398,552

SHAREHOLDERS' FUNDS

552,440

398,562

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 director acknowledges his 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 director and authorised for issue on 27 December 2025 and were signed by:

R J Maguire - Director

1.	STATUTORY INFORMATION

PCL Property 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Platinum membership are being amortised evenly over their estimated useful life of nil years.

Platinum membership

The cost of the platinum membership is being amortised equally over a period of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Long leasehold

-

not provided

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

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.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 April 2024

and 31 March 2025

4,888

6,495

11,383

AMORTISATION

At 1 April 2024

and 31 March 2025

4,888

6,495

11,383

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Long

and

Computer

property

leasehold

fittings

equipment

Totals

£

COST

At 1 April 2024

670,389

299,326

4,824

2,053

976,592

Additions

-

480

Disposals

(232,585

)

(133,153

)

-

(969

)

(366,707

)

At 31 March 2025

437,804

166,173

4,824

1,564

610,365

DEPRECIATION

At 1 April 2024

-

4,824

1,899

6,723

Charge for year

-

310

Eliminated on disposal

-

(969

)

(969

)

At 31 March 2025

-

4,824

1,240

6,064

NET BOOK VALUE

At 31 March 2025

437,804

166,173

-

324

604,301

At 31 March 2024

670,389

299,326

-

154

969,869

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

500

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Taxation and social security

23,249

518

Other creditors

56,792

207,587

80,041

208,105

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR

31.3.25

31.3.24

£

Other creditors

273,995

380,844

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

273,995

380,844

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Mortgage lenders

273,995

380,844

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R J Maguire.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PCL Property Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of PCL Property Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PCL Property Limited and state those matters that we have agreed to state to the director of PCL Property Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PCL Property Limited and its director for our work or for this report.

It is your duty to ensure that PCL Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PCL Property Limited. You consider that PCL Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PCL Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Richard Small & Co

24 Central Precinct

Winchester Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2GA

Date: 27 December 2025