REGISTERED NUMBER: 05844929 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th April 2025

for

Preston City Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D J Bretherton

Mrs V Bretherton

SECRETARY:

Mrs V Bretherton

REGISTERED OFFICE:

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

REGISTERED NUMBER:

05844929 (England and Wales)

ACCOUNTANTS:

Robin Oatridge & Co Limited

Chartered Certified Accountants

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

FIXED ASSETS

Tangible assets

4

244,830

289,303

Investments

5

10,000

10,000

254,830

299,303

CURRENT ASSETS

Stocks

372,000

372,000

Debtors

6

35,131

-

Cash at bank

557

2,539

407,688

374,539

CREDITORS

Amounts falling due within one year

7

19,523

28,494

NET CURRENT ASSETS

388,165

346,045

TOTAL ASSETS LESS CURRENT LIABILITIES

642,995

645,348

CREDITORS

Amounts falling due after more than one year

8

410,799

422,716

NET ASSETS

232,196

222,632

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

232,096

222,532

SHAREHOLDERS' FUNDS

232,196

222,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 3rd January 2026 and were signed on its behalf by:

Mr D J Bretherton - Director

1.	STATUTORY INFORMATION

Preston City Properties 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 represents net invoiced sales, excluding value added tax.

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

No depreciation is provided in respect of the land and buildings which are held as investments. This treatment may be a departure from the requirements of the Companies Act 2006 regarding depreciation of fixed assets, but the directors consider this accounting policy is necessary for the accounts to give a true and fair view, as the land and buildings are held for investment not consumption.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st May 2024

287,000

17,506

304,506

Additions

-

28,872

28,872

Disposals

(71,153

)

-

(71,153

)

At 30th April 2025

215,847

46,378

262,225

DEPRECIATION

At 1st May 2024

-

15,203

15,203

Charge for year

-

2,192

2,192

At 30th April 2025

-

17,395

17,395

NET BOOK VALUE

At 30th April 2025

215,847

28,983

244,830

At 30th April 2024

287,000

2,303

289,303

5.	FIXED ASSET INVESTMENTS

The following was a subsidiary undertaking of the company:

Preston City Property Services Limited - holding 100% of issued share capital.

At the end of its latest financial year (31st August 2025) Preston City Property Services Limited had aggregate capital and reserves of -£34,949 (2024 - -£34,807).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

34,511

-

Other debtors

620

-

35,131

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

13,332

13,332

Taxation and social security

1,342

1,098

Other creditors

4,849

14,064

19,523

28,494

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

195,799

202,716

Other creditors

215,000

220,000

410,799

422,716

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

142,471

149,388

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

209,131

216,048

The company has provided a fixed and floating charge over its assets as security for the bank loan.

10.	RELATED PARTY DISCLOSURES

Preston City Property Services Limited is 100% owned subsidiary of Preston City Properties Limited. As at 30th April 2025 the company was owed by Preston City Property Services Limited £34,511 in the form of a loan, no interest was charged on the loan (2024 - nil and nil interest).

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr D J and Mrs V Bretherton.