Pingress Limited - Accounts

Pingress Limited
Statement of Financial Position
As at 31 July 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	2,081,750	2,083,438
		2,081,750	2,083,438
Current assets
Debtors		6,495	3,462
Cash at bank and in hand		30,646	56,815
		37,141	60,277
Creditors: amount falling due within one year		(982,339)	(978,687)
Net current assets		(945,198)	(918,410)

Total assets less current liabilities		1,136,552	1,165,028
Creditors: amount falling due after more than one year		(1,295,861)	(1,230,579)
Net assets		(159,309)	(65,551)

Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		(160,309)	(66,551)
Shareholders' funds		(159,309)	(65,551)

For the year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 22 April 2026 and were signed on its behalf by:

-------------------------------
Lai Ping Chan
Director

Pingress Limited
Notes to the Abridged Financial Statements
For the year ended 31 July 2025

General Information

Pingress Limited is a private company, limited by shares, registered in England and Wales, registration number 12724455, registration address C/O Burton Varley LTD, Suite 3, 2nd Floor, Didsbury House, 748 - 754 Wilmslow Road, Manchester, M20 2DW.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Going concern basis

The directors believe that the company is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the rental income received.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Freehold Properties	0% Straight Line
Fixtures and Fittings	15% Straight Line
Computer Equipment	33% Straight Line

2.	Average number of employees Average number of employees during the year was 1 (2024 : 1).

Tangible fixed assets

Cost or valuation	Freehold Properties	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£
At 01 August 2024	2,079,488	11,252	647	2,091,387
Additions	-	-	-	-
Disposals	-	-	-	-
At 31 July 2025	2,079,488	11,252	647	2,091,387
Depreciation
At 01 August 2024	-	7,302	647	7,949
Charge for year	-	1,688	-	1,688
On disposals	-	-	-	-
At 31 July 2025	-	8,990	647	9,637
Net book values
Closing balance as at 31 July 2025	2,079,488	2,262	-	2,081,750
Opening balance as at 01 August 2024	2,079,488	3,950	-	2,083,438

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
1,000 Class A shares of £1.00 each	1,000		1,000
	1,000		1,000

Registered Number: 12724455
England and Wales
PINGRESS LIMITED

Abridged Accounts

Period of accounts Start date: 01 August 2024 End date: 31 July 2025