REGISTERED NUMBER: 10487520 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PRESTWICK PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G P Griffin

Mrs S J Griffin

REGISTERED OFFICE:

Ground Floor Marlborough House

298 Regents Park Road

London

N3 2SZ

REGISTERED NUMBER:

10487520 (England and Wales)

ACCOUNTANTS:

Fusion Accountancy Limited

Marlborough House

298 Regents Park Road

London

N3 2SZ

FIXED ASSETS

Tangible assets

4

519,128

588,560

CURRENT ASSETS

Debtors

5

9,654

5,669

Cash at bank

36,899

2,310

46,553

7,979

CREDITORS

Amounts falling due within one year

6

65,741

65,921

NET CURRENT LIABILITIES

(19,188

)

(57,942

)

TOTAL ASSETS LESS CURRENT LIABILITIES

499,940

530,618

CREDITORS

Amounts falling due after more than one year

7

518,560

572,448

NET LIABILITIES

(18,620

)

(41,830

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

(18,622

)

(41,832

)

SHAREHOLDERS' FUNDS

(18,620

)

(41,830

)

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 7 January 2026 and were signed on its behalf by:

Mr G P Griffin - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

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

Freehold not provided

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.

Going concern disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2024

588,560

Disposals

(69,432

)

At 31 March 2025

519,128

NET BOOK VALUE

At 31 March 2025

519,128

At 31 March 2024

588,560

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

9,654

5,669

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

-

181

Other creditors

10,129

10,128

Director's current account

55,612

55,612

65,741

65,921

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

308,217

362,105

Directors' loan accounts

210,343

210,343

518,560

572,448

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary shares

£1

2

2

9.

RESERVES

Retained

earnings

£

At 1 April 2024

(41,832

)

Profit for the year

23,210

At 31 March 2025

(18,622

)

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

£

Mr G P Griffin

Balance outstanding at start of year

265,955

265,955

Amounts advanced

11,400

-

Amounts repaid

(11,400

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

265,955

265,955

This loan is interest free, of no fixed term and repayable on demand.

11.	RELATED PARTY DISCLOSURES

At the year end, the company owed £10,128 (2024: £10,128) to a related company UKMS.

12.	ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party are the directors and shareholders of the company, by virtue of their shareholdings.