Plourac'h Properties Limited 07773754 false 2025-04-01 2026-03-31 2026-03-31 The principal activity of the company is investment property. Digita Accounts Production Advanced 6.30.9574.0 true true 07773754 2025-04-01 2026-03-31 07773754 2026-03-31 07773754 core:RetainedEarningsAccumulatedLosses 2026-03-31 07773754 core:ShareCapital 2026-03-31 07773754 core:CurrentFinancialInstruments 2026-03-31 07773754 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 07773754 bus:SmallEntities 2025-04-01 2026-03-31 07773754 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 07773754 bus:FilletedAccounts 2025-04-01 2026-03-31 07773754 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 07773754 bus:RegisteredOffice 2025-04-01 2026-03-31 07773754 bus:Director1 2025-04-01 2026-03-31 07773754 bus:Director2 2025-04-01 2026-03-31 07773754 bus:Director3 2025-04-01 2026-03-31 07773754 bus:Director4 2025-04-01 2026-03-31 07773754 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 07773754 countries:EnglandWales 2025-04-01 2026-03-31 07773754 2025-03-31 07773754 2024-04-01 2025-03-31 07773754 2025-03-31 07773754 core:RetainedEarningsAccumulatedLosses 2025-03-31 07773754 core:ShareCapital 2025-03-31 07773754 core:CurrentFinancialInstruments 2025-03-31 07773754 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 iso4217:GBP xbrli:pure

Registration number: 07773754

Plourac'h Properties Limited
Annual Report and Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

Plourac'h Properties Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 6

Plourac'h Properties Limited

Company Information

Directors | C K E Storvik E Storvik S Storvik T Storvik

Registered office | Hillview House 4 Ash Gardens The Street Uley Dursley Gloucestershire GL11 5TP

Accountants | Burton Sweet Limited Chartered Accountant & Business Advisors The Clock Tower Farleigh Court Old Weston Road, Flax Bourton Bristol BS48 1UR

Plourac'h Properties Limited

(Registration number: 07773754)
Balance Sheet
31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Investment property | 4 | 1,090,000 | 736,303
Current assets |  |  |
Debtors | 5 | 330,525 | 317,408
Cash at bank and in hand |  | 13,398 | 63
|  | 343,923 | 317,471
Creditors: Amounts falling due within one year | 6 | (800,325) | (812,906)
Net current liabilities |  | (456,402) | (495,435)
Total assets less current liabilities |  | 633,598 | 240,868
Provisions for liabilities |  | (74,708) | -
Net assets |  | 558,890 | 240,868
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 558,790 | 240,768
Shareholders' funds |  | 558,890 | 240,868

Plourac'h Properties Limited

(Registration number: 07773754)
Balance Sheet
31 March 2026

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

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; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 May 2026 and signed on its behalf by:

......................................... S Storvik Director

Plourac'h Properties Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hillview House 4 Ash Gardens
The Street
Uley
Dursley
Gloucestershire
GL11 5TP
United Kingdom

These financial statements were authorised for issue by the Board on 9 May 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Plourac'h Properties Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2026

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of the investment property in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

Plourac'h Properties Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2026

4 | Investment properties

| 2026 £
At 1 April | 736,303
Fair value adjustments | 353,697
At 31 March | 1,090,000

The directors revalued the properties at 31 March 2026 at £1,090,000.

5 | Debtors

| 2026 £ | 2025 £
Other debtors | 330,525 | 317,408
| 330,525 | 317,408

Secured debtors

£330,525 (2025 £317,408) of other debtors is a loan to a third party. The loan is secured by a charge over a property. Interest has been charged at a commercial rate. The loan is expected to be repaid within the accounting period ending 31 March 2027.

6 | Creditors

Creditors: amounts falling due within one year

| 2026 £ | 2025 £
Due within one year |  |
Taxation and social security | 10,415 | 6,516
Accruals and deferred income | 720 | 344
Other creditors | 789,190 | 806,046
| 800,325 | 812,906

7 | Related party transactions

Other creditors of £789,190 (2025: £806,046) includes a balance of £433,158 (2025: £495,158) due to Simon Storvik & Company Limited, a company under the control of Simon and Caroline Storvik. No interest has been charged on this loan. There is also a balance of £356,032 (2025: £310,888) due to Simon and Caroline Storvik, directors of this company. No interest has been charged on this loan.